MASTERCARD AND PAYNETICS PRESENT THE NEW MDES WALLET PHYRE

The first digital wallet in Bulgaria which offers digitization of payments and loyalty cards, between-users payments and access to commercial offers! Are you tired of carrying multiple cards in your wallet? Since we were, we decided to create an application to solve the issue. The product is already on the market and his name is Phyre. But what does Phyre represent? It is a certified mobile device that allows the…

Should Banks Collaborate (Not Compete) With FinTech Startups?

When digitally native financial services and next generation FinTech first emerged as legitimate contenders to incumbent banks, battle lines were understandably drawn. You couldn’t attend a banking conference for several years without hearing the expression “FinTech’s intention is to eat your lunch” seemingly on repeat. Fast forward to 2018, and the atmosphere has undoubtedly changed somewhat. Whilst neither party is completely at ease with the other’s position, there is much…

Biometrics and Future Expectations

Advancements in biometric identification management technology are moving so fast, it is tough to predict just how much it will potentially change the world we live in. Biometrics are fundamentally changing identification management in a host of industries and governmental entities. There is no question that biometrics now touch virtually every  corner of the world to improve security, but what is perhaps most fascinating is the benefits biometrics have established…

RegTech – FinTech’s Little Brother

With mobile apps, banking automation and blockchain already transforming financial services, financial institutions are now looking to regulation technology, or RegTech, to meet compliance requirements. The financial services industry has seen explosive growth in what has become known as FinTech (Financial Technology).  As regulatory requirements increase, a more specific set of technologies – known broadly as RegTech (Regulatory Technology)—is helping financial services firms comply with new rules.   Like FinTech, RegTech…