Finance

Financial risks in 2019: how not to lose everything

Last year, in a study of key financial risks, in which 2,415 experts from 86 countries participated, Allianz Risk Barometer placed “possible failures in large-scale production” in first place. This risk surpassed fires and other natural disasters. This makes sense, because ordinary people as well as global financial players are tied into the production sector. Interruptions in production bring…
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Finance

The world is changing. Is SWIFT changing too?

SWIFT, which is the oldest international interbank system for transferring information and making payments, is going through not the best and not the worst of times, but, as the experts say, strange times. On the one hand, SWIFT is trying to evolve, on the other, competitors…
Finance

The Virtual Economy is Opening the Future

Even the bravest analysts are hesitant to offer predictions, because now, and without it being clear to specialists why, cryptocurrencies are suddenly increasing in price – Bitcoin is leading – and simultaneously traditional banks, which are uniting to replace SWIFT, and…
Finance

The time of fintech and neobanks: trends, figures, facts

Who would have thought that even the plastic bank cards you keep in your wallet would be on their way to becoming an anachronism. For example, Morgan Chase Bank has plans to replace the outdated technology of payments and to actively promote the cryptocurrency system. And…
Finance

Why are banks’ clients switching to Fintech?

More and more people – from casual account holders to serious entrepreneurs – are changing their attitude towards the traditional banking system and moving into the world of advanced financial technologies in the virtual space. Every year, traditional banking is losing…
Finance

Why should a business get a European residence permit

For entrepreneurs, the issue of jurisdiction is one of the most important concerns. Many businessmen are still going over the list of offshore zones to potentially register their companies. The reason is clear: the absence of control by government structures, namely tax…
Finance

Fintech, banking, or something yet to be dreamt up?

Financial analysts have long been inclined to believe that tomorrow’s world of cash flow will be fundamentally different from everything that has come before it. At the same time, the classical banking structures until recently believed, and publically stated, that…