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James G. Oct 16, 2024
Community Announcement
Last active over 7 days
Last active over 7 days
Hello FinTech community,



I wanted to share some
exciting news with you—I’ve recently started a new position at Technossus. We
focus on technology solutions including cloud, data, processes and functionality arenas,
and I’m thrilled to be part of such a dynamic team. Reach out if you're interested in
discussing any business or technology optimization needs you have.



I just wanted to keep you in the loop and let you know that
if you ever have any needs in this area, I’d be happy to assist. No pressure at
all; I simply wanted to reconnect and share my new journey.
Here are some of our recent projects in the FinTech space for your review.
Technossus
Creates Fintech Product in 24 Hours | Technossus CA



Implementing
a FinTech Platform | Technossus CA



Feel free to reach out anytime here or direct to my email at: james.gray@technossus.com
Cheers!
 
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Viktoria S. Oct 16, 2024
Knowledge Share
Last active over 7 days
Last active over 7 days
Caught in the Scam Crossfire: Will New Rules Shift the Cost to You?
Starting October 7th, banks and payment providers in the UK must now refund scam victims up to £85,000 within five days.
While this sounds like great consumer protection, this new rule also places significant operational and financial strain on payment providers, which could lead to higher fees, longer transaction times, and restricted services for customers = YOU.

Read my article on this issue and discover why this could mean higher costs for YOU here:
https://www.linkedin.com/pulse/caught-scam-crossfire-new-rules-shift-cost-you-viktoria-soltesz-0xqac
 
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Viktoria S. Oct 14, 2024
Knowledge Share
Last active over 7 days
Last active over 7 days
Evolution of Payment and Banking
Interview with Banking on Information with Rutger van Faassen

Beginning
20 years ago, global commerce and digital payments expanded, and required guidance on a new challenge: effectively managing relationships with banks and payment providers.
The questions shifted—clients wanted to know the safest, most efficient ways to handle their funds across borders.
The results of banking decisions were confusing and incoherent: one provider might facilitate a transaction seamlessly, while another could flag the same transaction as risky. This experience highlighted a need for better understanding of banking and payments and sparked the mission to uncover the underlying "whys" that shape each institution’s approach to handling transactions.
Today
Today, I run an independent payment and banking consultancy, which works with clients across various industries to develop robust banking and payment strategies. Payment and banking today address essential elements of various business operations, including marketing, profitability, risk, technology, integration, and growth potential, which need to be dealt with.
Future
Technological advancements will likely drive many changes in the payment industry, but global regulatory standards will remain inconsistent. Different countries will maintain unique rules, requiring businesses to carefully manage these variations to avoid regulatory challenges. Banks and payment providers will continue to evaluate transactions according to their specific criteria, creating both opportunities and risks in international operations.
As banking and payment operations grow in importance, many businesses will recognize these functions as distinct from traditional finance. Today’s payment methods require expertise in various fields such as UX, banking, compliance, and technology that go beyond typical finance or investment concerns.
You can watch the interview here: https://www.youtube.com/watch?v=ttMfW2oRpss&ab_channel=RutgervanFaassen
 
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