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Let's connect at Money 20/20 in Amsterdam!
If you'd like to chat about how usage / consumption based pricing strategies are starting to take off in fintech, and best practices for going down that route let's connect. Happy to share experiences and learning from across SaaS and tech that we're now seeing adopted in fintech and financial services businesses more widely.
If you'd like to chat about how usage / consumption based pricing strategies are starting to take off in fintech, and best practices for going down that route let's connect. Happy to share experiences and learning from across SaaS and tech that we're now seeing adopted in fintech and financial services businesses more widely.
Money20/20 Europe in Amsterdam | 4 - 6 June 2024
Join us in Amsterdam, where the industry's leading Financial Services innovators come together to connect and create the future of money. Buy your ...
Miscoding via vouchers, top up cards and crypto
High-risk payments have a storied history with anonymous vouchers, top-up cards, and cryptocurrency. Early on, when compliance was less stringent, people used creative ways to process payments for services like adult entertainment and gambling. As the internet expanded, so did the demand for alternative methods.
Anonymous top-up cards were one of the first solutions. They allowed users to purchase a virtual or physical card without providing personal information. Funds could be added via bank transfer or another card, and balances could then be used for discreet online payments. Online gift vouchers, offering another anonymous way to deposit larger sums than top-up cards were popular too.
However, regulations tightened, as these tools were increasingly linked to fraud and tax avoidance. By 2018, cryptocurrency emerged as a new way to bypass regulation. Exchanges allowed users to buy crypto with traditional currency, enabling seamless transactions for any product or service. Crypto quickly replaced traditional vouchers and top-up cards as the leading high-risk payment facilitator.
These exchanges often processed payments exclusively for high-risk businesses. However, traditional banks, which collected the fiat currency, quickly noticed suspicious patterns and restricted their operations. After seeing most new exchange applications turn out to be fraudulent, payment providers began rejecting them all, from the get-go.
If a payment method is limited or restricted, there’s often a valid reason.
Read the full article: https://www.linkedin.com/pulse/miscoding-via-vouchers-top-up-cards-crypto-stocks-viktoria-soltesz-dptzf/?trackingId=43nd6x3JS%2ByFm%2BW7o9laBQ%3D%3D
High-risk payments have a storied history with anonymous vouchers, top-up cards, and cryptocurrency. Early on, when compliance was less stringent, people used creative ways to process payments for services like adult entertainment and gambling. As the internet expanded, so did the demand for alternative methods.
Anonymous top-up cards were one of the first solutions. They allowed users to purchase a virtual or physical card without providing personal information. Funds could be added via bank transfer or another card, and balances could then be used for discreet online payments. Online gift vouchers, offering another anonymous way to deposit larger sums than top-up cards were popular too.
However, regulations tightened, as these tools were increasingly linked to fraud and tax avoidance. By 2018, cryptocurrency emerged as a new way to bypass regulation. Exchanges allowed users to buy crypto with traditional currency, enabling seamless transactions for any product or service. Crypto quickly replaced traditional vouchers and top-up cards as the leading high-risk payment facilitator.
These exchanges often processed payments exclusively for high-risk businesses. However, traditional banks, which collected the fiat currency, quickly noticed suspicious patterns and restricted their operations. After seeing most new exchange applications turn out to be fraudulent, payment providers began rejecting them all, from the get-go.
If a payment method is limited or restricted, there’s often a valid reason.
Read the full article: https://www.linkedin.com/pulse/miscoding-via-vouchers-top-up-cards-crypto-stocks-viktoria-soltesz-dptzf/?trackingId=43nd6x3JS%2ByFm%2BW7o9laBQ%3D%3D
Miscoding via vouchers, top up cards and crypto
I always say: money is like water. If it needs to move, it finds it ways, and cuts obstacles.
In the ever-evolving landscape of financial technology, the diversity and dynamism of professional interests reveal much about the sector's growth and the promising areas of innovation. A recent analysis showcasing where our members are focusing their energies offers a fascinating glimpse into the fintech sectors that are currently captivating minds and resources.
Here's a brief summary of the fintech ecosystems our members are interested in:
➡️Blockchain Innovation & Technology: 1701 members interested in the development and application of blockchain technologies.
➡️Digital & Open Banking: 1,541 members engaged in digital solutions and BaaS.
➡️Payments & Wallets: 1,272 members focused on creating and managing digital payment systems and e-wallets.
➡️Business Analytics & Intelligence: 875 members involved in leveraging data analytics and business intelligence tools to enhance decision-making processes and improve operational efficiencies.
➡️Cryptocurrency: 728 members delving into financial services related to cryptocurrencies.
➡️Institutional Investing & VC: 608 members looking at innovation of institutional and venture capital firms investing in startups and innovations.
➡️Back Office & Transformation: Nearly 1,200 members interested in the development, improvement, and maintenance of the systems and processes that support the core functions of financial institutions.
➡️AI & Machine Learning and RegTech: Over 1,100 members looking at compliance and process enhancements by utilizing AI and machine learning algorithms to improve financial services.
➡️Markets, Exchanges, & Banking: Close to 1,500 members focused on consumer and business banking and market exchanges.
➡️InsurTech: 459 members interested in reshaping insurance.
As we continue to witness transformations across financial services, connecting with like-minded people can enrich our understanding and propel our careers and ventures forward.
Let’s keep the conversation going and explore these dynamic areas together!
Here's a brief summary of the fintech ecosystems our members are interested in:
➡️Blockchain Innovation & Technology: 1701 members interested in the development and application of blockchain technologies.
➡️Digital & Open Banking: 1,541 members engaged in digital solutions and BaaS.
➡️Payments & Wallets: 1,272 members focused on creating and managing digital payment systems and e-wallets.
➡️Business Analytics & Intelligence: 875 members involved in leveraging data analytics and business intelligence tools to enhance decision-making processes and improve operational efficiencies.
➡️Cryptocurrency: 728 members delving into financial services related to cryptocurrencies.
➡️Institutional Investing & VC: 608 members looking at innovation of institutional and venture capital firms investing in startups and innovations.
➡️Back Office & Transformation: Nearly 1,200 members interested in the development, improvement, and maintenance of the systems and processes that support the core functions of financial institutions.
➡️AI & Machine Learning and RegTech: Over 1,100 members looking at compliance and process enhancements by utilizing AI and machine learning algorithms to improve financial services.
➡️Markets, Exchanges, & Banking: Close to 1,500 members focused on consumer and business banking and market exchanges.
➡️InsurTech: 459 members interested in reshaping insurance.
As we continue to witness transformations across financial services, connecting with like-minded people can enrich our understanding and propel our careers and ventures forward.
Let’s keep the conversation going and explore these dynamic areas together!
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Nate D.
May 10, 2024 - 8:46PM
I'm happy to be a part of this community and hope to expand it.
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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
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
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
2 comments
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
1 comment
