Fintech companies have made considerable progress in promoting financial inclusion through new business models and products. Incomplete or inadequate access to financial services is a problem faced by a large part of the...
Although Sberbank denied information that it plans to acquire a controlling stake in Yandex, Russian tech giant lost more than 20 per cent of capitalization on this news.
Cutting edge technology is revolutionizing the rules the financial sector has operated under so far. The institutions that will only evolve instead of undergoing a revolution could disappear from the market.
The European Commission launched in Sofia a Digital Agenda for the Western Balkans in order to support the transition of the region to the digital economy and enable the benefits of digital transformation.
Since the beginning of July, the citizens of the Russian Federation are able to receive any banking services remotely upon submission of their biometric data, which will be stored in the Unified Biometrics System.
IMF economists point out that digital products and services are difficult to capture in economic statistics, which leads to an underestimation of GDP growth and an overestimation of the level of inflation in many countries.
The Joint Committee of European Supervisory Authorities (ESAs) analyzed the impact of large sets of data on consumers and financial institutions and concluded, that despite the potential risks arising from the use of Big Data,...
The future of humanity will be concentrated in large agglomerations. Managing such entities is a huge challenge and requires, above all, intelligence, responsibility and common sense, which will not be replaced by modern...
“Banks have to start taking new technologies seriously and realize that people need banking services and not banks,” says Brett King, a specialist in new technologies in banking.
Even the representatives of the banking sector are openly admitting that the traditional role and model of banks will undergo significant changes in ten or more years.