The Polish banking sector is feeling the pressure of rising personnel costs and costs related to IT investments. Burdens are growing while the rate of return on equity declines, thus the consolidation of the sector may accelerate.
The Warsaw Stock Exchange (WSE) has announced the launch of a private market based on a blockchain. It has a chance to be in the avant-garde of the blockchain revolution as most of the capital markets have taken a rather cautious approach to this technology.
Fintech companies have made considerable progress in promoting financial inclusion through new business models and products. Incomplete or inadequate access to financial services is a problem faced by a large part of the population around the world.
For the first time, the Bank for International Settlements in its annual report has devoted a special chapter to cryptocurrencies. The BIS indicates that cryptocurrency technology cannot become a substitute for the existing solutions in the scope of issuing money.