The International Monetary Fund (IMF) and the World Bank (WB) have published an agenda devoted to the fintechs, and call for the extensive cooperation between the regulators.

5,000 Slovak firms operate from tax havens

Poland: unemployment up in December’18

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.

Although Sberbank denied information that it plans to acquire a controlling stake in Yandex, Russian tech giant lost more than 20 per cent of capitalization on this news.

Lithuania plans to take a leading role in enhancing cooperation between China and Central and Southeast Europe (CSE) in the fintech sector.

Russia’s largest financial institution, the state-owned Sberbank continues to increase its profits by a rapid pace despite the numerous obstacles many Russian banks have been facing.

Cutting edge technology is revolutionizing the rules the financial sector has operated under so far. The institutions that will only evolve instead of undergoing a revolution could disappear from the market.

There is no shortage of fintech companies in Poland. Interesting companies are also emerging in the e-commerce industry. However, they are not successful on foreign markets.

There are 170 companies operating in the Fintech sector in Poland, 60 of which have benefited from the government's "Innovation Hub" development program.

Over the course of the last dozen or so months, EU institutions, as well as the Polish Financial Supervision Authority have intensified their efforts to help fintech companies to develop.