Russian FinTech Ecosystem Is Gaining Momentum Despite Obstacles

Russian FinTech Ecosystem Is Gaining Momentum Despite Obstacles

The largest country in the world (by area) often goes unnoticed when it comes to FinTech. There are certain political, economic and social factors contributing to that, which is not the focus of this article. While the Russian FinTech industry definitely has a long...
Russia Is A Top Five Leader Of Digital Banking In Europe

Russia Is A Top Five Leader Of Digital Banking In Europe

Because of the lack of legacy IT infrastructure within banks in Russia, the country has been listed in the top five leaders of digital banking in Europe, according to a new Deloitte and ID Finance report. However, development of fintech products and services cannot be...
Russia’s fintech sector continues to grow

Russia’s fintech sector continues to grow

According to a new report from Deloitte and ID Finance, Russia’s private fintech sector continues to grow despite weaknesses in the economy and will be worth $810m by the end of 2018. This represents growth of 12% compared to 2017. The report by Deloitte, the first of...
Switzerland adopts new Fintech Authorization rules

Switzerland adopts new Fintech Authorization rules

The Swiss government has amended its Banking Act to include new authorization rules for fintechs in its latest bid to boost innovation in the sector. As of January 1, 2019, firms that qualify for the new licencing regime will be able to accept public funds up to...