82877
The financial regulator of Iran, namely the Central Bank of Iran, provided the bylaw on Iranian fintech industry in the last week of September 2017.
The financial regulator of Iran, namely the Central Bank of Iran, provided the bylaw on Iranian fintech industry in the last week of September 2017.
Sunday, March 04, 2018

Fintech Gets Boost in Iran via Regulatory Support

Sunday, March 04, 2018

Fintech Gets Boost in Iran via Regulatory Support

In recent years, the financial industry has seen fast-growing adoption of financial technology, or fintech. Considerable investment flows are expected to be placed into the sector, which has stimulated expectations for high returns in Iran.
There are some estimations that a significant portion of bank revenues, especially in retail banking, is at risk over the next 10 years. On the contrary, some findings on increased banking efficiency and capabilities could outcompete any new futuristic competition.
New service providers have entered the Iranian market for financial services, including Internet, retail and telecom firms. Iran has been witnessing a rise in automation, specialization and decentralization trends that could leverage vast quantities of consumer and firm data.
The emergence of fintech is only the latest wave of innovation to impact the banking industry. While banks have undergone various technology-enabled innovation phases before, fintech has the potential to elevate the role of data as a key commodity, and drive the emergence of new business models.
 

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/BSgYn2
03/04/2018
  1. https://goo.gl/gnFTrP
  • https://goo.gl/c8Axdy
  • https://goo.gl/T9g2JC
  • https://goo.gl/Gatc6B
  • https://goo.gl/YyfKLZ

You can also read ...

IMF Pledges Continued Work With Central Bank of Iran
More than a week after US Treasury Department blacklisted...
Billet Export Prices Increase
Iranian export steel billet prices picked up in the week ended...
The Sartak-Pishta border gate between the Kurdistan Regional...
More Grain Shipments to Iran
For transport and logistics industry experts, spring is always...
Majlis Forex Options Still on Agenda
Chairman of Majlis Economic Commission said on Tuesday a...
Foiling US Sanctions on Iran: The EU Blocking Regulation
The EU has announced its intention to protect European...
Bank Lending to Economic Sectors Up 14 Percent
Iranian banks and credit institutions allocated 257.2 trillion...
German Companies Seek Ways to Keep Doing Business With Iran
Germany’s small-to-medium-sized firms, or Mittelstand, are...

Add new comment

Trending

Googleplus