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Why hiring a full-time Head of Payment might be an expensive mistake
Full-time employees often spend most of their time on basic tasks like data entry, despite being paid high salaries for their specialized skills. Not using a resource efficiency is a common operational mistake, which can demotivate staff and lead to quittings.
A more efficient approach is hiring a professional consultant for high-level tasks and a lower-level employee for routine work. For medium-sized companies, high-level payment management usually requires only 15-30 hours per month. Full-time employees may lack exposure to the latest industry trends and standards, which a consultant can provide.
Engaging a payment and banking consultant, especially for specific projects, provides access to specialized skills without long-term costs, making it a strategic and economical choice for companies.
Consultants offer flexibility and cost-effectiveness, operating on a project-specific basis. This allows companies to pay for expertise only when needed, reducing long-term financial commitments. They also bring extensive experience and valuable industry insights, helping avoid costly mistakes.
Read more: https://www.linkedin.com/pulse/why-hiring-full-time-head-payment-might-expensive-mistake-soltesz-q3abf/?trackingId=%2Fz2ZhLwCRwCe8IrryBCCwA%3D%3D
Full-time employees often spend most of their time on basic tasks like data entry, despite being paid high salaries for their specialized skills. Not using a resource efficiency is a common operational mistake, which can demotivate staff and lead to quittings.
A more efficient approach is hiring a professional consultant for high-level tasks and a lower-level employee for routine work. For medium-sized companies, high-level payment management usually requires only 15-30 hours per month. Full-time employees may lack exposure to the latest industry trends and standards, which a consultant can provide.
Engaging a payment and banking consultant, especially for specific projects, provides access to specialized skills without long-term costs, making it a strategic and economical choice for companies.
Consultants offer flexibility and cost-effectiveness, operating on a project-specific basis. This allows companies to pay for expertise only when needed, reducing long-term financial commitments. They also bring extensive experience and valuable industry insights, helping avoid costly mistakes.
Read more: https://www.linkedin.com/pulse/why-hiring-full-time-head-payment-might-expensive-mistake-soltesz-q3abf/?trackingId=%2Fz2ZhLwCRwCe8IrryBCCwA%3D%3D
Why hiring a full-time Head of Payment might be an expensive mistake
Being cost effective but still getting the top talent is a hard challenge for every company. While the obvious choice might be to hire a full-time ...
A good friend and former client in London is launching his second fund, a $10 million seed fund in the UK, Europe & US to invest in Tech-Driven Finance startups leveraging the Founder’s Fintech domain. In his first fund, he got a track record of 10x TVPI.
He is an outstanding specialist in go-to-market strategies for finance products and a hands-on guy, so he puts himself on the battlefield to boost portfolio cos results.
The focus will be on easy-to-deploy tech in different cross-sections of the finance industry.
$3m is already committed, let me know if you want to know more and I am happy to make the introductions here.
Best, V
He is an outstanding specialist in go-to-market strategies for finance products and a hands-on guy, so he puts himself on the battlefield to boost portfolio cos results.
The focus will be on easy-to-deploy tech in different cross-sections of the finance industry.
$3m is already committed, let me know if you want to know more and I am happy to make the introductions here.
Best, V
How to know your business is ready to expand globally, and how to get it there if not
I recently shared my insights on this important topic - one which business leaders regularly ask me. Read the article to uncover my business tips for successfully expanding globally. Click below to read the full article.
Contact us at enquiry@fdglobal.com.au if you require further advice.
https://www.fdglobal.com.au/the-journey-toward-global-expansion-is-fraught-with-challenges-particularly-when-venturing-into-complex-landscapes-like-the-united-states-statistics-reveal-that-only-around-30-per-cent-of-scaleups-s/
I recently shared my insights on this important topic - one which business leaders regularly ask me. Read the article to uncover my business tips for successfully expanding globally. Click below to read the full article.
Contact us at enquiry@fdglobal.com.au if you require further advice.
https://www.fdglobal.com.au/the-journey-toward-global-expansion-is-fraught-with-challenges-particularly-when-venturing-into-complex-landscapes-like-the-united-states-statistics-reveal-that-only-around-30-per-cent-of-scaleups-s/
Trending Updates
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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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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
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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
Upvoted by 8
4 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
Upvoted by 9
5 comments
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
Upvoted by Victor and 7 others
Upvoted by 8
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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
Upvoted by 13
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