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Transforming finance through consumer-oriented product and service design.
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We are a community of early-stage fintech startups serving credit unions and community banks.
Community Updates
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Apr 23, 2025
Why VCs Should Stop Wiring Money Upfront – And How Banks Can Win a Lot of New Business With This New Setup
Startups are sitting on investor money they do not need yet, which is not only risky but also costly. It is not only triggering banking red flags but also costing VCs millions in negative carry.
One freeze, one payment delay, or one compliance hurdle, and the entire business can collapse. However, in this setup, there is a huge opportunity for banks and PSPs to attract business with what everyone needs, and it is also very easy to implement.
The deferred funding model is not only better for both VCs and startups but also for the banks and payment providers. Founders and funds are not just looking for a place to park money but they want a trusted financial partner that is flexible, transparent, and responsive.
Whoever offers a real solution can win clients easily.
Read my article for more information: https://www.linkedin.com/pulse/why-vcs-should-stop-wiring-money-upfront-how-banks-can-soltesz-objqc
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Apr 21, 2025
The 2025 Banking Crisis: The Warning Signs Are Clear
Everyone still think that someone will step in before things collapse.
But the tools we used to delay the last crisis no longer work, and the safety nets around our funds are now quietly removed.
The recent move by the Bank of England to stop publishing bailout data is just one example of a broader change when we hide facts to pretend everything is OK.
But while asset prices are floating on empty promises and gold is rising because no one trusts the system anymore, the most damage will not come from the failure but from the delayed responses.
Read my article for more information: https://www.linkedin.com/pulse/2025-banking-crisis-warning-signs-clear-viktoria-soltesz-y3erf/
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Apr 18, 2025
Dear all, we Loyee.ai are hosting a wonderful event for GTM Execs in New York as part of FinTech week!
Feel free to join: https://lu.ma/juoeagvw
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Apr 17, 2025
I’d like to extend a personal invitation to join me
as my guest thru NYPAY at an upcoming Convera Live event in the Financial
District of Manhattan at One World Trade Center on Thursday, 24
April 2025.
Convera Live will feature a panel of industry
experts and peers unraveling market trends driving volatility and
strategies to better position your business for international
success.
Gain strategic insights into:
Trump,
tariffs, and trade updates that could impact financial
markets
The
potential for global expansion despite economic pressures
Takeaways
from other industries that can help manage and mitigate
currency volatility
How to register now:
Convera Live - New York, United States - United States - English
Visit the Convera Live hub to register for the New York event. When registering for our free partner event, please
select NYPAY.
Ron Mazursky
Founder, Board Member and Officer
NYPAY
Upvoted by Ron
Upvoted by 1
2 comments
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Apr 16, 2025
How Payment Flows and Direct Sourcing Are Reshaping International Trade
Your payment setup might be the silent reason your business fails. While you focus on tariffs, competitors are bypassing you completely—collecting faster, settling cheaper, and reaching your customers directly. One change in regulation or a blocked payment flow, and your funds are frozen, refunds pile up, and clients disappear. Most companies won’t realise it until it’s too late.
Read the article for more information here: https://www.linkedin.com/pulse/how-payment-flows-direct-sourcing-reshaping-trade-viktoria-soltesz-kegte/
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Apr 14, 2025
Banks are asking for the power to freeze any account without waiting for a court or police order.
Is it good? Or harmful?
The goal is to act faster than cybercriminals. But the risk of making a mistake is too big to ignore.
One wrong trigger can block a company’s access to its own money, delay salaries, and ruin client trust in a single day. And once an account is frozen based on suspicion, the damage is done, even if it was a false alarm.
Read my article for more information: https://www.linkedin.com/pulse/banks-demand-unlimited-power-freeze-accounts-without-any-soltesz-msszc/?trackingId=Rl9aIf7rIgQVuzwEUYcOeQ%3D%3D
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Apr 11, 2025
AI can now create fake passports that pass KYC checks.
It only takes minutes, and yes, your company is in danger, too!
A Polish researcher just proved to us, just how easy it is to trick today’s onboarding systems using synthetically generated documents.
This isn’t a future threat - it’s already happening.
If your compliance setup relies on static photo checks and third-party tools, you might be exposed and risk some serious penalties, too.
Read the full article to understand what this means for your business, and why every company should treat payments and banking as a critical risk, not an afterthought: https://www.linkedin.com/pulse/ai-generated-passport-passed-kyc-check-real-world-failure-soltesz-g7gqf/
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Apr 4, 2025
You’re playing by the rules while others get a free pass.
When banks and businesses are investing millions in AML and compliance, some governments are pushing for more cash and less transparency—making it easier to move untraceable money and hide ownership.
This is a dangerous game.
But you can also benefit from it - if you know how to play this game.
Read this article for more information: https://www.linkedin.com/pulse/one-step-forward-two-steps-back-the-global-between-cash-soltesz-i7zrf
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Apr 2, 2025
Have you heard about Rose Island?
A fake country with fake money which is built on dreams, not structure.
I keep hearing about new coins - all of them are shiny, hyped, and useless from day one.
No structure. No control. No purpose. Just a symbol pretending to be money.
Well, the history repeats itself - only this time, it’s digital.
Let’s learn from it before millions are wasted on the same mistake online.
Read my article below for the full story: https://www.linkedin.com/pulse/coin-without-purpose-why-money-needs-real-structure-viktoria-soltesz-fmhef
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Mar 31, 2025
If you hear about OFAC’s new 10-year recordkeeping rule today, it’s already too late and you are in risk.
Starting 21 March 2025, anyone subject to U.S. sanctions laws—including non-U.S. firms. If your business touches U.S. dollars, U.S. infrastructure, U.S.-owned entities, or sanctioned jurisdictions in any way, this rule applies to you. This includes companies using U.S. correspondent banks, international payment processors, or outsourced compliance providers, too.
The implications go far beyond compliance. Payment structures, data retention policies, vendor agreements, and internal documentation systems must all adapt—immediately.
EU companies face an added risk.
Under GDPR and AML regulations, personal data collected for AML purposes generally must be deleted after five years unless there’s a specific legal obligation to keep it longer. That’s where the problem starts. OFAC has acknowledged this tension but won’t accept it as an excuse for non-compliance.
There is no transition period. No exemptions. No grace window.
Is your business ready?
Read my article: https://www.linkedin.com/pulse/ofac-trap-most-companies-fail-10-year-record-rule-now-soltesz-19a5f
