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The Complexity of Building Payment and Banking Teams
Creating an effective banking and payment team is crucial for online businesses, relying on the skills of accountants, lawyers, and developers. Accountants handle financial management, including budgeting and processing fees, and ensure accurate recording and reconciliation of transactions. Lawyers navigate regulatory landscapes to set up frameworks for contracts with payment providers, essential for compliance and risk management.
Developers maintain the technical infrastructure necessary for seamless payment processes, managing system connectivity and data security standards like PCI DSS, and preventing service disruptions.
However, finding one person with all these skills is challenging, especially for smaller companies. Larger businesses may hire specialists for each role, but smaller ones often depend on external consultants, increasing costs and complicating coordination.
Moreover, building a payment team is not a one-time task. Continuous adaptation to new regulations and technologies is required, involving ongoing updates and strategic planning. This may mean allocating resources for regular training and support or forming partnerships with external experts to ensure compliance and operational efficiency at a lower cost.
For more information, read my article here: https://www.linkedin.com/pulse/complexity-building-payment-banking-teams-viktoria-soltesz-5wf2e/?trackingId=XyM3HQbxTIm48cPkZFa6ZA%3D%3D
Creating an effective banking and payment team is crucial for online businesses, relying on the skills of accountants, lawyers, and developers. Accountants handle financial management, including budgeting and processing fees, and ensure accurate recording and reconciliation of transactions. Lawyers navigate regulatory landscapes to set up frameworks for contracts with payment providers, essential for compliance and risk management.
Developers maintain the technical infrastructure necessary for seamless payment processes, managing system connectivity and data security standards like PCI DSS, and preventing service disruptions.
However, finding one person with all these skills is challenging, especially for smaller companies. Larger businesses may hire specialists for each role, but smaller ones often depend on external consultants, increasing costs and complicating coordination.
Moreover, building a payment team is not a one-time task. Continuous adaptation to new regulations and technologies is required, involving ongoing updates and strategic planning. This may mean allocating resources for regular training and support or forming partnerships with external experts to ensure compliance and operational efficiency at a lower cost.
For more information, read my article here: https://www.linkedin.com/pulse/complexity-building-payment-banking-teams-viktoria-soltesz-5wf2e/?trackingId=XyM3HQbxTIm48cPkZFa6ZA%3D%3D
The complexity of Building Payment and Banking Teams
Setting up an effective banking and payment team is crucial for any online businesses. The challenge of sourcing the right talent however is a crit...
Are you going to Money 20/20 in Amsterdam today / tomorrow - see you there!
m3ter are hosting a breakfast next the RAI for fintechs interested in usage-based pricing and operations trends - there will be pricing experts, investors and like-minded fintechs having refreshments for day 2 if you are interested: https://tinyurl.com/2p8tufc4
If you can't make the breakfast but are there and would like from free consultation on the latest in fintech SaaS pricing happy to help!
m3ter are hosting a breakfast next the RAI for fintechs interested in usage-based pricing and operations trends - there will be pricing experts, investors and like-minded fintechs having refreshments for day 2 if you are interested: https://tinyurl.com/2p8tufc4
If you can't make the breakfast but are there and would like from free consultation on the latest in fintech SaaS pricing happy to help!
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Angel L.
Jun 5, 2024 - 8:53AM
Connect with Mario Cohen
My latest article at Techvangart
This article provides insights for anyone interested in the major changes happening in the financial industry today. I discuss the future of finance, focusing on the changes in traditional banking and the increasing influence of virtual currencies.
My book, "Moving Money – How Banks Think," highlights the importance of trust and innovation in finance. I explain how digitization is changing consumer behavior and the broader economic environment, emphasizing the need for regulatory frameworks to keep up with these developments.
Discover how these changes are reshaping the movement and management of money, and why trust and regulation remain vital.
Read more here: [New Narratives of Money](https://techvangart.com/2024/05/29/new-narratives-of-money/)
This article provides insights for anyone interested in the major changes happening in the financial industry today. I discuss the future of finance, focusing on the changes in traditional banking and the increasing influence of virtual currencies.
My book, "Moving Money – How Banks Think," highlights the importance of trust and innovation in finance. I explain how digitization is changing consumer behavior and the broader economic environment, emphasizing the need for regulatory frameworks to keep up with these developments.
Discover how these changes are reshaping the movement and management of money, and why trust and regulation remain vital.
Read more here: [New Narratives of Money](https://techvangart.com/2024/05/29/new-narratives-of-money/)
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Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
Upvoted by Johannes and 11 others
Upvoted by 12
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Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Upvoted by Greg and 8 others
Upvoted by 9
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Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
Upvoted by Brian and 4 others
Upvoted by 5
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Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
Upvoted by Diego and 7 others
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Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Upvoted by Ridham and 14 others
Upvoted by 15
3 comments
Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
Upvoted by Stuart and 2 others
Upvoted by 3
6 comments
Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
Upvoted by Michelle A. and 7 others
Upvoted by 8
5 comments
Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Upvoted by Alfonso and 8 others
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Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
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Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Upvoted by Vikas and 12 others
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