Innovation
Innovation
With 40% of its population under 25 and a 95% cell phone penetration rate at the end of 2014, Turkey has positioned itself as a highly attractive market for mobile banking.
The consultancy firm Deloitte highlights this year's trends. Big Data progresses from being a trend to become a reality and data analysis gains strength.
The Mexican company Sisoft is a startup that focuses on technological innovation and developing custom software. It develops technology and patents based on different electronic and physical theories. This is done through a group of teams that develops solutions like Li-Fi, vision systems for people who cannot see and robotic hands.
It isn’t common to come across a 500 euro bill, but now it’s possible that they may disappear completely. In their last meeting, European Union economics and finance ministers (Ecofin) considered removing 500 euro bills from circulation. It is also being explored by the ECB. Why? To help reduce possible financing sources for illegal activities.
In an opinion column in the magazine Wired, Bill Richardson –former governor of New Mexico and ambassador to the United Nations– states that Mexico represents a major business opportunity for startups that are going through a financial crisis.
Millennials do not intend to go into a branch in their lives. They're used to taking out all services online and want to have the same facility with banks. But, as highlighted in the BBVA Research article “Digital contracting of financial services: electronic identity as a key element” there is no regulatory framework allowing banks to remotely verify the identity of new customers.