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Viktoria S. Sep 17, 2024
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Last active over 7 days
Last active over 7 days
Payment and Banking Strategy - Why Asking a Few Simple Questions is Not Enough

Many businesses focus too narrowly on payment vendors and miss the bigger picture when crafting a payment and banking strategy.
Asking a few simple questions isn't enough to address the complex risks and compliance challenges and can seriously hurt your business. Superficial frameworks often focus on the fees and ignore critical elements like data security, technology, operational efficiency, leaving businesses exposed to financial losses, reputational damage, and legal risks.
The Soltesz Payment Framework takes a holistic approach, covering all aspects from risk management to operational efficiency, ensuring long-term success and security.

Read my full article here: https://www.linkedin.com/pulse/payment-banking-strategy-why-asking-few-simple-enough-soltesz-v89ne/

Payment and Banking Strategy - Why Asking a Few Simple Questions is Not Enough

I recently came across various studies and recommendations (here, here, here, here and here, and even here, just to mention a few) which are being ...

 
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Johannes G. Sep 17, 2024
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Last active over 7 days
Dear Fintech Connector Community,

Digital Assets and Tokenization is transforming the financial industry. But how far are the big banks really in the adoption curve? We dived deep deep into the topic and wrote a research article "Institutional Blockchain Adoption - The Top 30 List of Global Banks on the Forefront", which we will very soon also publish as report.

I can just say it's really impressive and demonstrates that this is a gamechanger for the future of finance and full steam ahead.

https://medium.com/riva-markets/institutional-blockchain-adoption-the-top-30-list-of-global-banks-on-the-forefront-24605fb3a1ed


Institutional Blockchain Adoption — The Top 30 List of Global Banks on the Forefront

How the banking world is getting ready for its biggest transition: Our comprehensive list of the leading global banks projects, initiatives, partne...

 
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Viktoria S. Sep 16, 2024
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Last active over 7 days
Last active over 7 days
Cui bono? (Who benefits?)

Many merchants mistakenly believe that payment agents, ISOs, cashiers, and gateways can act as payment consultants, or payment strategists, but this is far from the truth.
The idea of receiving independent, professional advice from someone trying to sell you their services is problematic. Merchants who rely on payment agents or salespeople are often left without the full picture.
To identify who is advising and why, just ask yourself: Cui bono? (Who benefits?)
- Why does someone want to convince me to send as much volume as I can, when it’s not really a risk-averse approach?
- Why are they recommending only a limited set of payment providers or solutions?
- Are they tied to specific partnerships that benefit them more than they benefit my business?
To run a successful business, you need more than just basic payment methods. You need a strategy that considers everything—risk management, cost optimization, and the latest technological advancements. With the help of true, independent payment consultants, you can ensure that your payment processes are streamlined, secure, and ready to support your growth.
To read the article: https://www.linkedin.com/pulse/cui-bono-who-benefits-when-sales-posing-payment-viktoria-soltesz-xocwc
 
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