Viacheslav Kostin

🚀Amazing news for the Fintech & Insurtech Association of Slovakia (FINAS)! 👏We have the pleasure to welcome our new member to the FINAS association – Cequence! 👉About Cequence Cequence is a sophisticated software tool for efficient contract management and related processes. With our solution, you can transform complex, manual tasks associated with creating, negotiating, and finalizing contracts into meaningful, automated processes. This saves thousands of hours annually that would otherwise be spent on manual administrative tasks like searching for or transcribing information from documents. 👉Find out more here: https://lnkd.in/d2HZ6ehn https://cequence.io/sk Matej Sedlák #finas #fintech #grow #member #newmember #community #cequence #network #leader #bratislava #slovakia #crypto #bitcoin #blockchain #finance #insurtech

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🎉 Michal Pawlik will moderate a panel discussion on the #Digitalization of #SME #Lending at our upcoming #CEE24 SME Banking Conference: 🌐 What's the current status of digital SME lending in the CEE region? Last year, 24 banks and financial companies provided online or mobile SME loan applications. Stay tuned for new data this autumn! 💡 The future of digital SME lending means no more hassle for customers. Say goodbye to attaching 10 documents or filling out 20+ fields in the online/mobile loan application. The focus will shift to utilizing available data, especially with open finance and e-invoicing becoming mandatory in the EU in the upcoming years. 🚀 New SME Lending fintech players are entering the market, even in digitally strong regions like Poland. A dynamic landscape to watch! 🏦 Do banks still have an appetite for SME loans? There seems to be a noticeable disproportion in the market. Banks are becoming more restrictive in their lending policies to SMEs, while fintech is stepping in to fill the gap, albeit at a higher cost. As a result, SMEs are faced with higher interest rates, making access to financing more expensive. Meanwhile, banks continue to profit from deposits. Is the traditional role of banks in SME lending declining? 📅Join the discussion on November 15 in #Vienna or remotely to explore this evolving scenario and support SME lending in the region! Book your place now 🙌➡️ https://lnkd.in/dAdJEh8Z #smebanking #smelending #smefinance #smebankingconference

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European Central Bank and Norges Bank have signed an agreement for #Norway to join #TIPS, in order to add the #Norwegiankrone (#NOK) to #Eurosystem’s instant payment service. #fintechnews #payments #paymentnews #thepaypers #instantpayments #onlinepayments #mobilepayments #digitalpayments #ecommerce #currencies

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Arnaud CROUZET from Fime discusses how nexo standards can support the future of #payments. 📢 Arnaud CROUZET, Fime Vice President Consulting, and nexo Board member and General Assembly Deputy Chairman said: 📢 “nexo standards caters to the needs of the payments ecosystem, and especially for the European market. Simply put, nexo standards will be able to respond to new initiatives like #EPI and the #DigitalEuro. The standards’ ability to embrace all payments methods brings huge benefits to all stakeholders.” Implement nexo standards with Fime ▶️ https://bit.ly/45zEYxV #FimeConsulting | Arnaud CROUZET, Philippe Mermoud, Mohamed El Yakhlifi, Myriam Deschamps, François Mezzina, Jean-Philippe Niedergang, Arnaud B

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🔦 Alternative Payment Method of the month 🔦 What is LOT Polish Airlines' most popular APM in their domestic market?? It's BLIK: a multi bank, multi channel, A2A, mobile payment method. BLIK enables: ➜ Payments in physical stores (including contactless transactions) ➜ Payments in online stores ➜ Cash withdrawals and deposits at ATMs/cash deposit machines ➜ Instant BLIK transfers to mobile between customers of various banks ➜ Generation of BLIK cheques (9-digit code), used to make payments and withdraw cash from ATMs ➜ Sending a transfer request to settle accounts with friends even faster ➜ Recurring payments #airlinepayments #travelpayments #payments #poland

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📣 Warsaw Finance Week is coming up in November, and we are starting preparations with the support from Mastercard, the strategic partner of the event, as well as and the central partner and the leader of Digital Payments specialization within Future Finance Poland.   Mastercard has been actively involved for years in the development of Polish financial sector in Poland and has been with us since the inception of the FFP initiative, under which we established Warsaw Finance Week and the Future Finance Summit. We are grateful for your continuous support.   During Warsaw Finance Week, you will have the opportunity to learn about Mastercard's perspective on the digital payments sector through expert presentations and a panel discussion. We will discuss, among others, the priorities of the Polish presidency in the context of digital finance – an area that is one of the most crucial for the development of the European financial sector and for strengthening Poland's position as a modern financial center. We will also analyze the ongoing digitalization of the payments market, the latest trends, and their impact on modernizing national economies, improving efficiency, and increasing the availability of financial services.   "As part of Mastercard's participation in the FFP initiative, we initially focused on the area closest to us, by launching the Digital Payments specialization and the associated working groups to further develop payments in Poland. In the next step, we will launch the Digital Identity specialization, aimed at improving the efficiency, security, and innovation of eID solutions in our country. We will share more about both specializations soon at Warsaw Finance Week," said Marta Zycinska, MBA, General Manager of Mastercard Poland. ➡ Register for Warsaw Finance Week: https://lnkd.in/g92xqA6U #WarsawFinanceWeek #FutureFinanceSummit #FinTechPoland Malgorzata Domagala, Aleksandra Sowulewska, Agnieszka Śpionek, Emilia Dębicka, Pawel Widawski, Piotr Brewiński, Aneta Girdwoyń (Kmoch), Katarzyna Multan, Kasia Jedlińska, Gabriela Mrozek, Zuzanna Krauzowicz, Anna Malanowska

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🏦 54% of banks plan to use AI to meet SEPA Instant and ISO 20022 deadlines. That’s the result of new research surveying 200 payment professionals about AI in payments. While 90% agree payment modernization is crucial, far fewer are actively leveraging AI to drive their transformation. So, how can banks unlock AI’s full potential in payments modernization? Our Head of Innovation, Raquel Gomes, explains 👇 Learn more 👉 https://lnkd.in/eh6ujf4x

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In the UGLA #ecosystem + 1 #opportunity: acquiring from monobank and LiqPay from PrivatBank 🎉 Now, it is even more convenient and comfortable for #companies and their #customers to make payments in UGLA. It means that our partners can now: 📌 accept payments by all modern payment methods 📌 see detailed payment analytics 📌 use free SRSO (software registrar of settlement #operations) to fix #payments 📌 have several acquiring partners for processes related to payments Of course, there were also #bonuses for customers: 📌 the possibility to conveniently pay for #goods and services 📌 one-click payment for repeated payments 📌 data security With UGLA ERP, it is much easier to #work, scale #business, and not be distracted by extra steps! Let's go 💪🏼

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TUATARA will be present on the IT@Bank 2024 conference, discussing our approach and expertise for AI Governance in the financial industry. I believe it's worth meeting Tomasz Kostrzab there for a chat on how to implement AI solutions compliant with regulations such as #AIAct, while maximising business value. #aigovernance #banking #genai

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💡 Banking innovations: The Risk of Playing it Safe (2/3)💡 Banks are improving efficiency. Intensely. It’s one of the most important strategy goals for majority of banks in CEE. Where is the risk with this approach? Let’s use the Red / Blue Ocean Strategy. 🔴 Red Ocean Strategy: By boosting efficiency, banks compete in the crowded, commoditized market, increasing short-term profits—but also driving fierce pricing wars and shrinking margins. It’s a cycle with a predictable end. 🔵 Blue Ocean Strategy: Transformative innovation lies in unexplored spaces. When found, it's rewarded with high margins and growing earnings. One may say: Ok, but banking is slow industry. Such process will take years and years. That’s totally right. But creating Blue ocean takes years and years. It requires experiments. It requires patience. So why banks are doing this? Because it worked in past. But with all the digitalization, blockchains and AI, it won’t work in the future. #Banking #Innovation 

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Greta Ranonytė, Head of Fintech Hub LT, discusses the future of fintech in "Economy Today" podcast!🎊 Greta Ranonytė, Head of Fintech Hub LT, recently took part in a fascinating discussion on the "Economy Today" podcast, hosted by Žinių radijas. The episode focused on the future of fintech in Lithuania, exploring the potential for the emergence of fintech unicorns in the country. During the podcast, Greta Ranonytė shared her insights on the current landscape of the Lithuanian fintech sector, highlighting its rapid growth and the innovative spirit driving this expansion. She highlighted the increasing interest from international investors and the favourable regulatory environment, which has made Lithuania a key hub for fintech startups in Europe. Greta Ranonytė also discussed the key challenges that need to be addressed for Lithuanian fintech companies to scale globally and reach unicorn status, such as access to capital, talent acquisition and fostering a culture of innovation. Greta Ranonytė's participation in the podcast underlines Fintech Hub LT's commitment to being at the forefront of industry developments, and contributing to the national conversation on the future of fintech in Lithuania. As the association continues to support its members in navigating the complex fintech landscape, Fintech Hub LT remains dedicated to fostering an ecosystem in which Lithuanian fintech companies can thrive and achieve significant milestones, including the coveted unicorn status. Listeners can access the full episode on the Žinių radijas website, for a deeper insight into the future prospects of the Lithuanian fintech industry. More details here: https://lnkd.in/eswqDXji #fintech #hub

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Next stop: Latvia! The Latvia Fintech Forum is happening on November 5th, 2024 and BankingLab is thrilled to be part of it. Latvia’s FinTech scene is undoubtedly one of the most promising on Europe’s innovation landscape. Let’s meet up! 🚀 #banking #corebanking #fintech

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Exciting times for fintech in Lithuania 🚀   A recent article in 15min featuring Fintech Hub LT and its members highlights how fintech companies are transforming the financial sector and competing with traditional banks.   At myTU, we are proud to be part of this #innovation. Our Business API helps businesses streamline their payment processes, reduce costs, and improve efficiency. Check out the full article here 👉 https://lnkd.in/eauewu4Z   #myTU #Fintech #Innovation #LithuaniaFintech

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🎉 #CEE24: TOPICS ANNOUNCEMENT 🔊 I'm thinking of forming a separate panel about #embedded #SME #finance at the upcoming #CEE24 SME Banking Conference. While this topic has been discussed much, there aren't many examples when it comes to SME finance. That's why I'd like to 🎉 spotlight two great examples of embedded SME finance from Poland: 1. Embedded #BNPL solutions for B2B by Grupa Pragma (PragmaGO.tech) - non-banking SME lending & factoring company - integrated into the biggest e-commerce platforms in Poland (Allegro, Shoper etc.) In total – 112 e-commerce platforms. Read more➡️ https://lnkd.in/diwf-AFM 2. ING Lease (Polska) launched Lease Now in 2022. Business customers can use Lease Now as a way of payment for their equipment when they buy it online. Read more➡️ https://lnkd.in/duy22HfC ❓Are you interested in diving deeper into this topic❓Are you thinking of offering BNPL for your SME customers? Share your thoughts in the comments🙌 

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Popular Polish Payment Service BLIK Arrives in Slovakia "Shoppers in Slovakia are active e-consumers, so we believe they will like the innovative BLIK payment method. We hope that the cooperation with Tatra banka, which will be the first to offer its users a new intuitive payment method, will demonstrate the benefits of BLIK to the bank's clients. We are confident that people will use BLIK as eagerly as millions of clients of Polish banks do. BLIK is open for cooperation with all market participants and aims at creating universal payment solution available for clients of all banks. Work on further implementations is ongoing, and we will soon announce more partnerships" – says Lubo Pozgay CEO BLIK SK. https://lnkd.in/eHydcgnH Klaudia Rombalska Clear Communication Group sp. z o.o. Tatra banka Lukas Mochnak Patrycja Szwenk Anna Bielawska-Choniawko Ryszard Drużyński #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Listen to our latest podcast! 🎙️ Sirma's leading experts in the financial vertical🚀Alexander Stanev and Merdihan Ismailov share examples and recommendations on AI in banking, open banking, PSD3 and DORA directives, and the EU's instant payments initiative. They also discuss innovative ideas 🌟 for utilizing data in developing new products and solutions. The podcast is in Bulgarian, here's a brief summary in English 👇. https://lnkd.in/dYy8SjRz

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Do you have a high-risk business? With FASTO, get key benefits that other payment gateways don’t offer. ✅ Global Acceptance. With FASTO, access a variety of alternative payment methods such as Visa, master card, mobilepay, Multibanco, Ideal, P24, Blik, Klarna, Ideal and more, to operate in multiple markets. ✅ Transparent Fees. Our fees are 100% clear from day one, with no surprises or hidden commissions. ✅ Fraud Prevention with FASTO Safe Protect every transaction with our advanced fraud prevention system. ✅ 24/7 Personalized Support. Personalized attention via WhatsApp, Instagram, Skype and more. We are always here to help you. ✅ Specialization in High Risk Businesses. We specialize in sectors such as casinos, adult entertainment, and digital content, offering specific solutions for each one

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Crassula continues to push boundaries🥊 and help you level up your business with ClearBank EU. Whether you're just starting out or scaling up, having access to seamless, compliant banking tools is a game changer. 🤔Curious how this partnership can elevate your business? Discover the possibilities for yourself👉https://lnkd.in/dbayfWjw #FinTechGrowth #Crassula #ClearBank

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Open Banking Excellence: Industry Insights Episode 2 out tomorrow! PSD3 has proven to be more than just a sequel to PSD2; it’s reshaped payment services with a broader, comprehensive approach. The regulation was a step toward creating a harmonised system across the ecosystem, removing the ambiguity of national interpretations. We've seen a symphony of regulatory advancements post-PSD3, showcasing Europe’s commitment to strengthening and evolving its financial services market. Open banking has solidified its status as a movement, and everyone in the ecosystem has adapted to thrive in this dynamic environment. Understand the foundations of PSD3, and the future it has shaped for open banking and open finance - Out Tomorrow. Spotify - https://lnkd.in/e4S7HYNw Douglas Mackenzie FF News | Fintech Finance, Nida Sattar Allica Bank, Brian Hanrahan Nuapay - a GoCardless company, Anu Widyalankara EY, Piers Marais Currencycloud

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