Sergiy Fitsak

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Managing Director, Fintech Expert

Softjourn

Member since

23 Jun 2023

Location

Ivano-Frankivsk

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Sergiy's opinions

Maximizing Profit Potential: Essential Considerations for P2P Payment App Development in 2024

The Emergence of P2P Apps In our tech-driven world, convenience reigns supreme. Peer-to-peer (P2P) payment applications offer a user-friendly and streamlined solution for transferring money to others or settling bills. These apps have seen an unprecedented surge in popularity, with a whopping 84% of consumers acknowledging their use of P2P servic...

28 December 2023 /payments /retail Banking Strategy, Digital and Transformation

Top 7 Fintech Trends Predicted for 2024

The payments industry's ever-evolving nature blends innovation and change, traversing various paths at an unparalleled speed. Enterprises and consumers have markedly shifted away from physical currency, embracing digital transactions through cards, mobile devices, digital wallets, and wearable tech. This shift has completely redefined payments, ma...

20 December 2023 /payments /retail Banking Strategy, Digital and Transformation

Why Code Audits are Essential Before Mergers and Acquisitions

In the dynamic world of fintech - where mergers, acquisitions (M&As), and tech integrations are commonplace - the quality of software systems is pivotal for achieving long-term growth. When firms undertake mergers or acquisitions, one of the most critical aspects they inherit is the software system. Should this software contain poor coding or o...

06 December 2023 /payments /retail Banking Strategy, Digital and Transformation

Is Machine Learning the Ultimate Weapon Against Financial Fraud?

The financial sector is anticipated to experience a notable surge in fraudulent activities, leading to projected losses exceeding $40 billion by 2027. This increase marks a significant uptick from prior estimates. The rise in fraudulent transactions is linked to multiple factors, notably the expanding volume of online transactions. This surge off...

29 November 2023 /payments /retail Banking Strategy, Digital and Transformation

FinOps: Just a Buzzword or the Key to Getting More Out of Cloud Investments?

Introduction to FinOps Services Cloud computing has become an integral part of modern businesses, offering scalability, flexibility, and cost efficiency. However, the escalating complexity of cloud infrastructures pose a challenge in cost management. This is where FinOps steps in. Let's dive into the realm of FinOps, its advantages for businesses, ...

22 November 2023 /payments /retail Banking Strategy, Digital and Transformation

Why Including KYC and SCA Compliance in Your Payment Security Strategy is Crucial

In today's landscape, safeguarding your customers from threats and ensuring a seamless payment experience is more critical than ever before. Enter Know Your Customer (KYC) and Strong Customer Authentication (SCA) – two pivotal components in achieving these goals. In this article, we'll delve into the ways in which these processes can elevate your ...

15 November 2023 /payments /retail Banking Strategy, Digital and Transformation

How Much Does it Cost to Build a Payment Gateway? - And Other Frequently Asked Questions

For many businesses, creating a secure and effective payment solution is of great importance, whether you opt to construct your own payment gateway or consider other possibilities. By making well-informed choices and utilizing the knowledge of industry experts, businesses can position themselves at the forefront of payment processing, fostering gro...

08 November 2023 /payments /retail Banking Strategy, Digital and Transformation

What the New Payment Services Directive PSD3 Means for Financial Institutions

How has PSD2 affected the market, and will PSD3 be the answer to major problems in the industry? The evolution of PSD2 should certainly be on the minds of those in the finance industry. In a recent survey conducted by the Thales Group, it was found that 38% of users would consider switching their bank if another provider offered better rates or se...

25 October 2023 /payments /retail Banking Strategy, Digital and Transformation

The Advantages and Challenges of Creating Your Payment Gateway

Constructing your payment gateway offers various benefits and certain challenges. Before you embark on this endeavor, it's crucial to comprehend how developing a payment gateway from scratch can positively impact your business while also acknowledging the hurdles that may arise along the way. Advantages of Creating Your Payment Gateway Let's sta...

18 October 2023 /payments /retail Banking Strategy, Digital and Transformation

Ready for the Online Payment Gateway Craze?: Valued at $117.5B and Growing Fast

Introduction With the growing recognition of the advantages of having their own payment gateways, businesses are increasingly seeking in-depth knowledge on constructing and operating such systems. Whether the goal is to reduce service fees, cater to underserved areas, or overcome technical limitations, a profound understanding of the intricacies i...

11 October 2023 /payments /retail Banking Strategy, Digital and Transformation

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