Fintech Associations from all Over Europe Come Together to Develop and Promote the Ecosystem

Fintech associations from twelve countries lay the foundations for the development of joint initiatives, sharing the experience of each country and creating synergies that will allow to improve the Fintech ecosystem throughout the continent.  Svetoslav Dimitrov – BoD Member of BFA, represented the Bulgarian Fintech sector during the meeting. Twelve Fintech associations from all over Europe (including Spain, Italy, Portugal, Holland, Sweden, Poland, Finland, Hungary, Czech Republic, Slovakia, Luxembourg and Bulgaria), participated in a meeting…

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Първият български финтек доклад

Общият брой на финтек компаниите в България е 65, като по този показател страната е лидер в региона на Югоизточна Европа; През последните три години оперативните приходи на финтек сектора са се удвоили, а средният ръст на индустрията на годишна база е около 33,5%; Около 1/3 от българските финтек компании развиват своята дейност в сферата на плащанията. София, България – Българска финтек асоциация издаде първия цялостен доклад за състоянието на финтек сектора в България. Целта на проучването,…

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The First Bulgarian Fintech Report

The estimated number of Bulgarian Fintech companies is 65, which is more than that in any other SEE country; In the last three years the total operating revenue of the fintech sector has more than doubled, maintaining a steady increase of approximately 33.5% on an annual basis; The majority of the Bulgarian Fintech companies operate in the Payments segment. Sofia, Bulgaria – The Bulgarian Fintech Association recently released the first comprehensive report about the Fintech sector in…

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Common Position of the European Fintech Sector

The Bulgarian Fintech Association became a co-signatory of a Proposal for action in the field of financial technology and innovation. The ideas were submitted by a number of European Fintech Associations to the European Commision.  The proposals in the common position of the sector are:   The creation of a Single European Standard for Open Banking; Harmonisation of the methods of electronic and remote identifiction so that obliged entities in all members states can use…

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Phone Killed the POS Terminal

This year’s edition of Raiffeisen Bank’s Elevator Lab Challenge ended with a great success for one of our founding members Paynetics and their project Phos.  After a day of mentoring and pitching sessions, Phos was chosen as the winner in Reiffeisen Bank’s competition. The start-up will receive a wildcard to pitch directly on the global semifinals of Elevator Lab Challenge. The company also starts a PoC with the bank’s local branch right away.  PHOS is a revolutionary application that turns…

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The Latest Achievement of Paynetics and Reloyalty

We once more have a reason to be proud of our members!  Phos and Phyre – two of Paynetics’ projects, and Reloyalty are among the finalists in Reiffeisen Banks’ Elevator Lab Challenge! Phos is a solution which will benefit the small and medium enterprises by transforming their smartphones into POS-terminals.  Phyre is a digital wallet for mobile payments, ditial loyalty cards and peer-to-peer payments.  Reloyalty is a dynamic loyalty platform which gathers information about the user’s behaviour and crafts customer discounts accordingly.…

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