{"id":110,"date":"2020-12-01T16:49:39","date_gmt":"2020-12-01T14:49:39","guid":{"rendered":"https:\/\/uapay.ua\/en\/?p=110"},"modified":"2020-12-01T16:49:44","modified_gmt":"2020-12-01T14:49:44","slug":"digital-lending-defines-direction-of-fintech-in-ukraine","status":"publish","type":"post","link":"https:\/\/uapay.ua\/en\/digital-lending-defines-direction-of-fintech-in-ukraine\/","title":{"rendered":"DIGITAL LENDING conference outlined the directions of development of the fintech industry in Ukraine"},"content":{"rendered":"\n<p>Dmitry Zarakhovich took part in the panel\ndiscussion &#8220;Regulation and protection of consumer rights&#8221; as part of\nthe DIGITAL LENDING event \u2014 the largest online conference in Ukraine on digital\nlending and finance. Also among the conference participants were Vasily\nNevmerzhitskiy from Creditvest Bank, Alena Andronikova from Moneyveo, Bogdan\nTitamir from Groshi Vsim, Yulia Vetka from USAID FST and Igor Pashko from the\nAssociation of Financial Institutions (AFI). The discussion was moderated by\nRostislav Duke, UAFIC.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Digital_landing_Post-700.jpg\" alt=\"\" class=\"wp-image-111\" srcset=\"https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Digital_landing_Post-700.jpg 700w, https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Digital_landing_Post-700-300x300.jpg 300w, https:\/\/uapay.ua\/en\/wp-content\/uploads\/sites\/3\/2020\/12\/Digital_landing_Post-700-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure><\/div>\n\n\n\n<p>During the discussion, the speakers discussed\nissues of legislation in the field of innovative finance, the feasibility of\nintroducing financial ombudsmen and regulating the latest technologies, as well\nas protecting the rights of the lender in digital lending.<\/p>\n\n\n\n<p>Dmitry Zarakhovich noted that there are still\nmany legislation\u2019s gaps in the field of innovative finance in Ukraine. For\nexample, there are no rules that describe the taxi transportation market (Bolt,\nUber, Uklon and others) or the receipt of money from a buyer for a delivered\nproduct in the e-commerce field. There are also questions about the legal\nstatus of specific processes related to the mass market and individuals. All\nthis prevents the market from developing rapidly and coming out of the shadows.<\/p>\n\n\n\n<p>The same can be said about cloud services and\nblockchain \u2014 the registration of the correct legal status for all these areas\nwill give an impetus to the rapid development of the latest technologies and\nlead to an entry into the white plane of the market, which is now more than 90%\nin the shadows.<\/p>\n\n\n\n<p>The experts also touched upon the issue of the\nfinancial ombudsman. Dmitry Zarakhovich pointed out the problem of the\nmentality of many Ukrainians regarding money. As a result of many years of\nSoviet education, people are afraid of money, they do not know how to manage\nit. We all need to work hard to make information about money more accessible\nand reduce irrational fears of finances.<\/p>\n\n\n\n<p>One of the drivers that can improve the\nsituation in this area is the introduction of the financial ombudsman institution.\nIt will help to resolve disputes between the client and the bank at the\npre-trial stage, as well as improve the conditions for doing business for both\nthose who lend and those who borrow money.<\/p>\n\n\n\n<p>Finally the experts came to the conclusion that\nthe innovative finance market in Ukraine has a very great potential. The\nongoing work of business associations and civil society organizations on the\nimplementation of current legislation is extremely useful and will help accelerate\nits development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dmitry Zarakhovich took part in the panel discussion &#8220;Regulation and protection of consumer rights&#8221; as part of the DIGITAL LENDING event \u2014 the largest online conference in Ukraine on digital lending and finance. Also among the conference participants were Vasily Nevmerzhitskiy from Creditvest Bank, Alena Andronikova from Moneyveo, Bogdan Titamir from Groshi Vsim, Yulia Vetka [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-news","tag-uapay"],"_links":{"self":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":1,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/110\/revisions"}],"predecessor-version":[{"id":112,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/posts\/110\/revisions\/112"}],"wp:attachment":[{"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/categories?post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uapay.ua\/en\/wp-json\/wp\/v2\/tags?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}