In this exclusive interview, Fintech Review sits down with Laziz Kudratov, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan. Minister Kudratov highlights Uzbekistan’s evolving investment scene, focusing on increased Foreign Direct Investment (FDI). He emphasises progress, especially in the fintech sector. Read more about the ambitious reforms and strategic initiatives positioning Uzbekistan as a top destination for global investors. Explore dynamic and promising opportunities in this emerging market. We provide here an in-depth look at Uzbekistan’s economic advancem ..read more

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. Distinct from decentralised cryptocurrencies such as Bitcoin, CBDCs are centralised and backed by government authorities. Fintech Review delves into the characteristics of CBDCs, examining their potential benefits, and addressing the complexities they introduce to the global financial system. Unlike cryptocurrencies, which operate independently of a central governing body, they integrate the traditional ..read more

Fintech Review sat down with Alex Savin, Founder of Chrome Capital, to delve into the transformative impact of international tech investments on global markets. We discuss the strategic role of digital technology in enhancing societal benefits, address concerns about the sustainability of such investments, and examine significant trends shaping the future of fintech. From leveraging advanced analytics to exploring the potential of blockchain, our conversation covers the critical elements that ensure these technologies not only grow but also align closely with broader economic and ethical stand ..read more

In an interview with Fintech Review, FICO‘s Peter Lemon discusses the rapid digital transformation in finance for 2024. We delve into the anticipated progression of digital transformation in banking this year, as IT teams transition to becoming innovators and revenue generators. There is a shift towards enterprise-wide technology to improve agility and customer service. As well as the increasing application of AI in financial services for risk management and personalized experiences. And the expected growth and challenges of Open Banking. A lot is happening. Let’s dive in. To what extent do yo ..read more

Open Banking, a system that offers users access to their banking data via third-party applications, has been touted as the future of financial services. Since its inception, it has promised to increase transparency, enhance consumer choice, and promote competition in the banking sector. But how successful has it truly been since its implementation? Origins and Aims of Open Banking Photo by Ben Taylor on Pexels.com Open Banking emerged from a growing need to democratize financial data, placing it back in the hands of consumers. By allowing third-party developers to create applications and servi ..read more

By Chirag Shah, founder and CEO of Nucleus Commercial Finance and Pulse.io The fintech landscape has changed dramatically during the last five years, primarily due to the developments in artificial intelligence (AI) and machine learning (ML). The change has happened rapidly, revolutionising how financial services operate, including customer engagement and decision-making, across all regions of the financial sector – from front-end interactions to back-end processes. In the space of the last five years, the value of the AI used within Fintech has ballooned by a breathtaking £12.57 billion, and ..read more

In the dynamic world of business, understanding the worth of an enterprise is essential for a myriad of reasons, from fundraising and mergers to sales and internal reviews. For industries that are rapidly evolving, such as the fintech sector, determining this worth can be challenging. Company valuation, therefore, plays a pivotal role. Let’s dive deep into company valuation, using fintech startups as our primary example. Why is Company Valuation Important? Photo by John Guccione www.advergroup.com on Pexels.com Company valuation offers a snapshot of a company’s worth at a specific point in tim ..read more

In the ever-evolving world of fintech, where technology meets finance, the competition is fierce. New startups emerge daily, each promising revolutionary solutions. However, many of these businesses fade away, and one primary reason is their failure to achieve a pivotal business milestone: product-market fit. Let’s delve into why product-market fit is vital in fintech, ensuring startups not only survive but thrive in this dynamic industry. Customer Retention and Organic Growth Photo by Andrea Piacquadio on Pexels.com Many fintech startups experience a surge of initial interest, capturing atten ..read more

The fintech industry, a dynamic and rapidly evolving sector, is revolutionising the traditional financial landscape. With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection. Consumer protection is not just a regulatory requirement: it is a fundamental right that must be safeguarded amidst advancing technology. Regulators face the daunting task of ensuri ..read more

The financial sector is witnessing a paradigm shift with the ascent of the asset-light business model, a change spearheaded by fintech companies worldwide. This model, characterized by minimal physical assets and a heavy reliance on digital technology, offers fintech firms the agility and flexibility necessary to navigate today’s rapidly evolving economic landscape. As traditional banking institutions grapple with the overhead of their physical presence, asset-light fintech companies are redefining the rules of financial engagement. We will dissect the multifaceted implications of the asset-li ..read more