9 Results
Inna Demchenko Head of project at Bank
In Ukraine remote customer identification and the option to become a bank customer online has been officially in place since 2020, and at present nearly 40 banks out of 63 operating on the market have introduced the option to establish business relationship with the client using remote service channels. Although the service of card opening by new ...
08 March 2024 /retail Digital Banking Trends
Ukraine has moved to a new stage in the process of implementing open banking, as on 11 August the National Bank of Ukraine (NBU) published on its official website the approved Open Banking Concept and the introduction plan. The regulator's experts worked on the document jointly with working groups of market participants, including banks, non-bank f...
15 August 2023 /retail Open Banking
The implementation of remote identification and the ability to become a new customer without physically visiting a branch revolutionized banking services. In Europe this process remained mostly hybrid and involved only online ordering of a card, but with a mandatory visit to a branch to sign documents upon card receipt. At the same time in Ukraine ...
22 May 2023 /retail /identity Digital Identity Management
The number of bank branches in Ukraine and Europe is rapidly decreasing, so from 2008 to 2022, the number of branches in the EU decreased by 39%, from 225 thousand to 134 thousand, while in Ukraine during the same period the number of branches decreased more than 4 times, from 21 thousand to 5.5 thousand subdivisions as of the end of 2022. Accordi...
09 January 2023 /retail Banking Strategy, Digital and Transformation
According to the statistics of National Bank depository, since the beginning of the war, Ukraine has raised about UAH 150 billion (about USD 4 billion in equivalent) through the sale of government bonds, which indicates a high level of trust in the state and faith in its future. Domestic government bonds are securities issued by the Ministry of
14 October 2022 /markets Fintech
In August, Ukraine celebrates the 31st anniversary of its independence, and although this year we are forced to fight for sovereignty, every Ukrainian is confidently holding his front, making a daily contribution to the victory and further development of our country. What key achievements can be highlighted: Electronic documents. Ukraine is the fi...
31 August 2022 /payments Fintech World
Ukraine is facing now a difficult time, but the banking system continues to work steadily despite a full-scale military invasion of the neighboring country. At first glance, this may seem like a phenomenon, as during constant shelling, missile strikes, occupation of a part of the territory, clients have a possibility to obtain all necessary bankin...
06 June 2022 /retail /sustainable
Back in 2020, Ukrainian legislation allowed banks to establish business relationships with new customers and open accounts for them completely remotely. Moreover, banks were even offered several options for how to conduct remote identification without the physical presence of the customer, namely: - Video verificatiion; - Selfie with liveness ...
25 January 2022 /retail Digital Banking Trends
Open banking. New opportunities for the financial market of Ukraine. Open banking, which will be fully operational in Ukraine in 2025, will launch a new phase in the functioning of the financial market. Banks will open their interfaces (API) and allow third-party companies to acquire customer data, using them, to create new innovative services. In...
29 December 2021 /retail
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