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As a Mentor for Nasdaq Entrepreneurial Centre, I have the privilege of mentoring founders across the globe. Last Thursday was a whirlwind of global mentoring sessions with founders from South Africa, Mexico, and the USA. The key takeaway from these sessions was the importance of taking a step back from daily operations to dedicate time for #strategicthinking. Founders recognised this crucial skill and invested time to discuss their specific challenges in scaling their businesses.
Additionally, #operationalefficiency is key to scaling successfully. By integrating systems to achieve greater productivity, founders can focus on what's important.
Lastly, establishing #onboardingprocesses for new staff and setting them up for success is a crucial aspect of scaling a business. It was especially inspiring to hear of the impressive growth and future goals of a South African founder I mentored two years ago.
Click below to #register for a #complimentary chat to learn about my PowerPlay Mentoring program.
#globalgrowth #scalability #foundersuccess #powerplaymentoring
https://www.fdglobal.com.au/scaling-up-programs/scalingup-usa-powerplay-program/
Additionally, #operationalefficiency is key to scaling successfully. By integrating systems to achieve greater productivity, founders can focus on what's important.
Lastly, establishing #onboardingprocesses for new staff and setting them up for success is a crucial aspect of scaling a business. It was especially inspiring to hear of the impressive growth and future goals of a South African founder I mentored two years ago.
Click below to #register for a #complimentary chat to learn about my PowerPlay Mentoring program.
#globalgrowth #scalability #foundersuccess #powerplaymentoring
https://www.fdglobal.com.au/scaling-up-programs/scalingup-usa-powerplay-program/
FD Global PowerPlay Program (Mentoring) - FD Global
FD Global Connections mentoring program "PowerPlay Program" is for business leaders seeking independent, trusted and confidential advice on scaling...
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John S.
Apr 23, 2024 -11:07AM
Incredible work you're doing Trena!
Price should be the least of your concern...
It's devastating to see that even today, the main deciding factor when choosing a new payment provider or bank is still the price.
However pricing is a complex issue, and seeing the benefits which overcome pricing is not a rocket science. There are many other factors to consider: setup fees, monthly fees, yearly fees, settlement fees, settlement terms and times, transaction fees, and FX fees - just to mention a few.
A common tactic used by PSPs is “hiding fees”—charging extra under various pretexts to compensate for a lower MDR %.
However, the problems don’t stop there: low conversion rates, complicated UX flows, technical downtimes, poor or uninformed customer service, missed settlements, and automatically honored chargebacks can all turn out to be very costly.
These issues are often only discovered when it's too late.
Many non-monetary factors can impact the payment process, potentially making or breaking both customer acquisition and retention. Short-term price discounts might lead to significant losses in profit over the long term.
As a rule of thumb, reliable and robust channels usually are more pricey on the sort term but well worth it on the long run.
It's devastating to see that even today, the main deciding factor when choosing a new payment provider or bank is still the price.
However pricing is a complex issue, and seeing the benefits which overcome pricing is not a rocket science. There are many other factors to consider: setup fees, monthly fees, yearly fees, settlement fees, settlement terms and times, transaction fees, and FX fees - just to mention a few.
A common tactic used by PSPs is “hiding fees”—charging extra under various pretexts to compensate for a lower MDR %.
However, the problems don’t stop there: low conversion rates, complicated UX flows, technical downtimes, poor or uninformed customer service, missed settlements, and automatically honored chargebacks can all turn out to be very costly.
These issues are often only discovered when it's too late.
Many non-monetary factors can impact the payment process, potentially making or breaking both customer acquisition and retention. Short-term price discounts might lead to significant losses in profit over the long term.
As a rule of thumb, reliable and robust channels usually are more pricey on the sort term but well worth it on the long run.
Check out this podcast by Pro Member Viktoria Soltesz. Viktoria is the Founder of PSP Angels, an organization member of FinTech Connector.
Global Legal Law Firm’s podcast about Moving Money Book - talking about economy, the fiat system, crypto, payments and other banking subjects.
Here is the link to the podcast please comment, subscribe, and share to help Viktoria grow her subscribers and influence - https://youtu.be/F0R-rSl9sgk?si=3iltICv6rJoi4AGA
Global Legal Law Firm’s podcast about Moving Money Book - talking about economy, the fiat system, crypto, payments and other banking subjects.
Here is the link to the podcast please comment, subscribe, and share to help Viktoria grow her subscribers and influence - https://youtu.be/F0R-rSl9sgk?si=3iltICv6rJoi4AGA
Mastering the Financial Frontier with Viktoria Soltesz | Moving Money (How Banks Think)...
Olesya Trusova interviews Viktoria Soltesz of PSP Angels!Embark with us as we navigate the intricacies of the financial world alongside Viktoria So...
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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
5 comments
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
3 comments
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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4 comments
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
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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