2017 - 20th Annual Steven Galovich Memorial Student Symposium

Presentation Title

FinTech Opportunities in Eastern Europe

Student Presenter(s) and Advisor

Olga Gutan, Lake Forest CollegeFollow

Location

Library First Floor

Abstract

In many geographic regions, the use of mobile banking apps is increasing to expand financial inclusion, enhance economic development, and improve quality of life. While great potential exists in Bulgaria, Estonia, Moldova, Romania, and Ukraine, only limited use of fintech (financial technology) has occurred. This slow acceptance of digital finance is partially explained by a limited phone culture and the political environment in these countries. In contrast, Kenya and South Africa have experienced extensive use of fintech for savings, loans, and transfers of digital funds.

Presentation Type

Individual Presentation

Start Date

4-11-2017 10:30 AM

End Date

4-11-2017 11:45 AM

Panel

Financial Services in Developing Economies

Panel Moderator

Les Dlabay

Field of Study for Presentation

Area Studies, Business, Entrepreneurship and Innovation, Finance, International Relations

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Apr 11th, 10:30 AM Apr 11th, 11:45 AM

FinTech Opportunities in Eastern Europe

Library First Floor

In many geographic regions, the use of mobile banking apps is increasing to expand financial inclusion, enhance economic development, and improve quality of life. While great potential exists in Bulgaria, Estonia, Moldova, Romania, and Ukraine, only limited use of fintech (financial technology) has occurred. This slow acceptance of digital finance is partially explained by a limited phone culture and the political environment in these countries. In contrast, Kenya and South Africa have experienced extensive use of fintech for savings, loans, and transfers of digital funds.