Page 20 - bne_Tech_11_2020

NIBs
November 2020 www.intellinews.com I Page 20
on its mobile database. Instead registration will rely on facial recognition based on biometric data, Kazakh TV reported.
The new system is set to be introduced by the end of the year - the Egov Mobile application will include “the most popular documents”, transferring identity cards, driver's licences, diplomas and certificates into a digital format, the report said.
For 30 types of documents, citizens will be
able to provide information directly from their smartphone without requesting a certificate. The new system makes it possible to rely on QR codes or sending info via any available messenger.
“The number of smartphone users is growing, so the need to provide government services on a mobile platform is increasing correspondingly. I instruct Kazakh Ministry of Digital Development together with interested state agencies to approve a plan to switch all socially significant government services to the eGov mobile. The population needs concrete results from your work. We have to completely eliminate the need for paper-based documents already in 2021, introduce services provision
from the ‘Government for citizens’ corporation and improve the level of accessibility of all online services to almost 100 percent,” the report quoted Prime Minister Askar Mamin as saying.
Currently, around 85.5% of 700 government services are provided online - the share is set to grow to 90% by end-2020.
Romanian unicorn UiPath reportedly selects banks to manage its listing
UiPath, the first unicorn set up by Romanian entrepreneurs, is reportedly working with JPMorgan Chase & Co., Morgan Stanley, Bank of America and Credit Suisse to prepare its initial public offering (IPO), scheduled for 2021.
UiPath is also in talks with other banks, and the initial public offering may be launched immediately after the first half of 2021, according to Bloomberg.
UiPath could be valued at over $20bn. In September, it was announced that UiPath had begun negotiations to hire investment banks.
This summer, the company was valued at just over $10bn after a financing round of $225mn.
In July, Daniel Dines, the company's general manager and co-founder, officially announced that UiPath was preparing an initial public offering for 2021.
UK fintech DiPocket sets up CEE base in Lithuania
UK’s DiPocket, a fintech that provides a range of cashless payment solutions to its clients, has established its centre for Central and Eastern Europe (CEE) in Lithuania.
Lithuania has been lately hailed as a haven for fintech firms that are seeking expansion or relocating due to Brexit.
According to DiPocket CEO Fedele Di Maggio, choosing a location for the firm’s regional base was easy – Lithuania is arguably the most fintech- friendly environment upholding the highest regulatory standards in the region.
Currently, DiPocket has a team of 40 people, which it plans to grow to more than 100 people in 2022, and a large part of the new hires will be based in Lithuania.
The company has just received an Electronic Money Institution (EMI) license in Lithuania, Lithuania's foreign investment promotion agency Investuok Lietuvoje (Invest Lithuania) said.
Having expanded its value proposition and organically built a strong client base, DiPocket recently raised €6mn in Series A funding from EXIM Cross-border Fund managed by GB & Partners Investment Management, and is planning to strengthen its position across CEE and beyond from its new Lithuanian base.