Digital Challenges of the Bulgarian Banks 2020

February 6, 2020

As the demand for digitisation of financial services increases, the traditional financial institutions often struggle with the implementation of innovative solutions. However, although it is widely known that banks currently face various issues, related to the digital transformation of their financial services, there is a lack of consolidated information on what those issues are. This is why iRoboInvest recently released a report on the “Digital Challenges of the Bulgarian Banks”. The report represents the opinion…

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Първият български финтек доклад

September 10, 2019 Leave a comment

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

September 9, 2019

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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EBA Report on the Regulation of FinTech Activities

August 2, 2019 Leave a comment

The European Banking Authority (EBA) has published its EBA Report on Regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities of 18 July 2019 describing the regulatory framework applicable to fintech firms when accessing the market. The report sets out the EBA’s findings from an analysis of national developments on the regulatory perimeter for fintech activities and services, the national regulatory status of fintech firms and the authorisation approaches of national competent authorities (NCAs)…

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Report on Regulatory Sandboxes and Innovation Hubs

January 10, 2019 Leave a comment

The European Supervisory Authorities (ESAs, i.e. EBA, EIOPA and ESMA) have published the attached Report – FinTech: Regulatory sandboxes and innovation hubs, JC 2018 74 of 7 January 2019 under Article 9(4) of each ESA Regulation and following the Commission’s March 2018 FinTech Action Plan that mandates the ESAs to carry out an analysis of innovation facilitators and to identify best practices. The report contains a comparative analysis of the innovation facilitators established to date in…

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European Banking Authority (EBA) Reports on Fintech

July 12, 2018 Leave a comment

On July 5th Eva Maydell was appointed the European Parliament rapporteur on the Regulation on Charges on cross-border payments in the Union and currency conversion charges. In this context, she is committed to hearing the opinion of all stakeholders and plans to organise public discussions in fall.  The EBA has published the attached EBA Report on the Impact of Fintech on Incumbent Credit Institutions’ Business models of 3 July 2018 and the attached EBA Report on the Prudential Risks and…

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