Sam Boboev

We share news from the media. Our experts are quoted by the Kommersant newspaper. In the article "Why banks are moving away from mobile to web applications" it says about the latest market trends, namely that: • Recently, Russian banks have been actively updating mobile applications due to sanctions and fraud; • Some banks remove their apps from the App Store and download them as web apps; • Switching to web applications has advantages, such as saving resources and the ability to use on any device; • Adaptive web applications have some disadvantages, such as limited functionality and lack of access to some functions. • Banks are stepping up web development in order to preserve the maximum of familiar functionality for their customers. • Sanctions restrictions encourage banks to switch to web versions, although this is not always fair. Evgeny Pudovkin, Technical Director of Telecom birzha, notes that in the near future we can expect the appearance of both other special browsers and an expansion of the range of market participants (and even companies from other industries) using such browsers: "The need to switch from native to web applications for at least sanctioned players is obvious, as well as The desire of credit institutions to preserve the maximum of their usual functionality for their customers is obvious." You can read the full text of the article at the link. https://lnkd.in/ep78dYt3

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“Our paramount goal is to revolutionise the digital experience for billions of people all over the world.” - Alty Alty is an IT product outsourcing company which was founded in Ukraine in 2009. Its expertise lies in providing consulting services and designing and developing solutions for FinTech start-ups and international banks. With more than 13 years of experience, Alty has been involved in optimising hundreds of digital products for corporations around the world. However, the company views user perception as the primary measure of its success, which is why it is constantly striving to create top-quality products. Here are three award-winning projects: 📱 The “GTWorld” app – a platform designed to redefine banking services in Nigeria – was developed for GTBank, one of the country’s largest banks. The application boasts a sleek user interface, faster payments and advanced security features. ✈️ Laid-back travel was the initial inspiration for the development of the Halyk Travel app. The main idea was to unite all needed services in one place. Thus, the app offers a linear flow for purchases of plane and train tickets. It gives users the opportunity to select what they need and to go anywhere in the world. By using the budget calculator, it is possible to estimate costs in advance and avoid miscalculations. Moreover, apartments and cars can also be rented. A light and rounded design, with different kinds of cute loading animations that speak to the audience in a joyful tone, makes using the app a pleasant experience. 💳 Monobank is the first Ukrainian mobile-only bank. Since this financial institution has no branches, the service is provided solely through a mobile app which allows users to open a bank account and make full use of all offered products. The account-opening process has been simplified by dividing it into three easy steps. Potential customers only need a phone, and it takes just five minutes to become a client. The app offers a variety of banking services: from free money transfer and the paying of utility bills with no commission to loans and cashback. Customer support is provided through the most popular messenger services and by telephone. Congratulations to Taras Donchenko, Vlad Derkach and all project team members of Alty 🎉 Find out more about Alty here: https://lnkd.in/eRAn37gh #RedDotWinner #RedDotAward #CommunicationDesign

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I found an interesting research about Product Managers job in Russian market and one thing especially attracted my attention. I found out that we have a gender balance (almost)!! And my reaction was like "Wow! That's super cool!". But after I read the next slide and I found out that Junior and Middle PM positions women and men share almost equally, only 28% of CPO-level PMs were women! 😳 The first line is women (on the pic), the second line is men. It makes me sad but it's definitely something that I want to share and just raise awareness. Maybe in 5 years we will read a new research and situation will change :) I feel quite positive about it and I think I see a good trend. Link for the research (in Russian only): https://lnkd.in/ecP8fK8Z

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What should you clarify with a financial institution before opening an account? In the previous post, we discussed the essential requirements for Electronic Money Institutions. In summary, you should ask these questions initially: 1. Do you offer worldwide payments for my business? 2. Are your SEPA payments direct or through partners? Do you provide SEPA Instant? 3. Is my company a suitable fit for you in terms of risk appetite? Do you have experience working with deals like ours? Here’s what else needs to be clarified ⬇️ ✅ Tariffs. Due to the involvement of multiple intermediaries and conversions, the cost of a payment can increase significantly, sometimes reaching up to 10% of the total amount. Before opening an account, check the maintenance costs and the fees for each type of payment. Сonsider the tariffs for complex transactions. For instance, the delivery of consolidated cargo, where your trucks are transporting goods from various companies, may require a more thorough review, leading to increased costs. 👌 A good example is when it is clearly stated in advance that such a transaction will cost 0.5% of the payment amount, not less than a certain specified amount. 🙅 A bad example is when they state, "Due diligence costs 250 euros per hour," but the final cost depends on the lawyers' workload. This is not acceptable: the client should be informed of the cost before making the payment, rather than being surprised by a range like "either 2,000 or 7,000 euros." ✅ Transaction Processing Time. The speed of a transaction depends on the channels used by the financial institution to send the payment. The more intermediaries involved, the more checks will be required, resulting in a longer and more complicated payment process. Some of our clients report that in other banks, even a recurring payment (one that is repeated multiple times under the same contract, where it's already well-known what and where you're transporting) can take almost a week. For modern businesses, this delay is unacceptable. So it is important to inquire about payment processing speed before opening an account. ✅ Public Information about the Company. In some cases, the beneficiaries of an organization may be involved in criminal proceedings or other negative circumstances. However, bear in mind that satisfied clients do not usually rush to the internet to leave positive reviews; they simply continue their operations. The internet tends to attract negativity. If you come across a consistent stream of positive comments, it is worth taking note of. #Bilderlings #SmartBanking #ElectronicMoney #FinancialDecisions #BankingForBusiness

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🖥PM Jobs - The Leading Job Board for Product Managers I want to briefly talk about an interesting product that helps find work, with which I am not affiliated, but which I simply liked. PM Jobs is the leading job board for product managers, product marketers, product designers, or other related fields. Their role is to connect actively job-seeking product professionals with companies that need expertise in creating innovative products and driving growth. I think they support professionals at any stage of their product job search and eliminate the need to filter through the noise. As they say themselves, they help you find the perfect spot based on your experience level, location, company size, contract type, and minimum salary requirements. Their website is https://lnkd.in/en5XrWSr You can also subscribe to their newsletter and receive 1 email per week with over 30 new curated jobs and career development materials, no spam.

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Polish SPI (Small Payment Institution) Explained Introduced alongside the Polish Payment Services Act update, the SPI is a regulatory framework designed for businesses offering limited payment services. It acts as a "sandbox" for entrepreneurs, particularly FinTech startups, to test and refine their payment service models within a controlled environment. Benefits of Obtaining an SPI License: • The application process for an SPI license is less complex compared to full NPI licenses; • The SPI framework allows startups to test their payment service concepts in a regulated environment before scaling up. Read our new article here to find out more on this topic: https://lnkd.in/eyeXTZkh International Fintech Business (IFB) can help you enter the fintech industry. We can help you incorporate a company with an SPI license in Poland. IFB also provides a diverse selection of ready-made companies with these licenses for sale. Our experts can help answer any questions you may have. Contact us today! For details: office@ifbusiness.uk More info: ifbusiness.uk #IFB #Fintech #Poland #Payments #FinancialInstitutions #SmallPaymentInstitution

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Dear #fintech friends, We have started the month of May with some interesting deals 🍡 🔥 What's trendy in fintech atm? We keep seeing a fair number of #crypto deals - last week they made up over a third of funding rounds! 🔍 Last week we saw 8️⃣ official fintech deals in #Europe for a total amount of 75.5m€ raised with: 3️⃣ deals in the UK 🇬🇧 2️⃣ deals in Switzerland 🇨🇭 1️⃣ deal in Denmark 🇩🇰 1️⃣ deal in Spain 🇪🇸 1️⃣ deal in Italy 🇮🇹 🥇 Congratulations to the UK-based Lunar, extending its previous round close to €24.1 million from its main investors. 🥈 Applause also goes out to Urban Jungle Insurance, the Insurtech headquartered in the UK which has successfully secured €13.1 million in funding from its existing investors. 🥉 Lastly, we congratulate Backed Finance AG, for securing $9.5 million in its Series A round, led by Gnosis alongside other investors Honorable mentions also go to SumUp, Capital on Tap, and Pleo for raising an impressive €1,500 million, €409 million, and €40 million debt vehicles respectively.  💡 To learn more about last week's activity and the 4️⃣ news that caught our eye, check Pauline's article ➡ https://lnkd.in/e2Ni_Nmz

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London-based Fintech Farm, a startup specializing in digital tools for medium-sized banks in emerging markets, has successfully raised $32 million in funding. This capital injection comes from an initial Series B round led by Nordstar and an extension Series B round led by the Bank of Georgia. Founded by Dmytro Dubilet (co-founder of Ukrainian neobank Monobank), former KPMG M&A exec Nick Bezkrovnyy, and Alexander Vityaz (founder of Corezoid), Fintech Farm offers a unique “neobank in a box” technology. This solution provides medium-sized banks with comprehensive digital banking tools, including debit and credit cards, buy now pay later, and stock investment capabilities. Since its launch in 2020, Fintech Farm has partnered with banks in Azerbaijan and Vietnam, reaching over 1 million users. The startup focuses on operational support rather than regulatory or infrastructure services, setting it apart from other banking-as-a-service providers. Currently, Fintech Farm is expanding into India, aiming to increase consumer access to credit in a market with intense competition and a high uptake of digital payment systems. This funding round underscores the strong investor interest in B2B fintech models. In the first quarter of 2024, $2.1 billion was invested in B2B fintechs, nearly double the amount funneled towards consumer fintechs.

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adesso UK Launches GenAI Tool to Support Financial Services Firms With DORA Compliance of Contracts Libero Raspa, director at adesso UK said: “Financial services firms are facing ever greater regulatory scrutiny, with many struggling to prepare for directives such as DORA. The reality is that many businesses lack the necessary technical and human resources to ensure they remain fully compliant with extensive contracts. “It’s exciting to introduce Compl. AI to the UK market as it represents a concrete example of how generative AI benefits businesses. The main benefits of this solution are saving time and money, releasing internal staff from mundane tasks, preventing human errors, and achieving compliance ahead of the January 2025 deadline.” https://lnkd.in/dD8H_Xtb #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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We live in a time where user experience is directly related to company and revenue growth. The science of user experience is based on psychological principles that were established a long time ago and are used to make digital products accessible and competitive. By understanding and applying these principles, companies can create intuitive and enjoyable experiences that meet the needs and expectations of their users. Investing in user experience design not only enhances customer satisfaction but also drives business success. By prioritizing user experience, companies can build stronger relationships with their customers, improve loyalty, and ultimately boost their bottom line. As technology continues to evolve, staying ahead of user experience trends and best practices will be key to maintaining a competitive edge. #telecom #fintech #userexperience #customsoftwaredevelopment #lixium

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Designing an investment FinTech product: key differences and challenges 1. Know the financial sphere and develop a mindset The first challenge you face working in FinTech is that you need not only a broad understanding of the industry and its niche but also in-depth expertise in its specific areas. Sometimes it might feel like opening Pandora's box — the user flows are complex and have multiple scenarios to tackle since user cases also vary greatly. Typically investors engage in a dynamic environment that requires them to constantly process large amounts of information, have strategic thinking, make quick and at the same time thoughtful decisions, and manage risks regularly. 2. Deeper research Another reason why it is quite challenging is that the professional investment sphere is something you can’t relate much to compared to B2C products that you’re using frequently. The best approach would be to do as much research as possible syncing with different teams in your company, arranging the user interviews and testing the hypotheses. 3. Data is everywhere The pages and elements are full of data. Usually, this data consists of: financial details (e.g. amount invested, pre-money/post-money valuation, capital owned); dates (e.g. the operation made); company-related info (companies you invested in). This again makes FinTech products stand aside from the others since many online products have less data and/or focus on specific types of content. 4. Precise attention to UI details the need to introduce a monospace font which helps to read numeric data faster and more efficiently; alignment — setting up the rules on when to use alignment to the right side depending on the type of data; the data can/cannot be updated — showcase different states; 5. Prioritising the hierarchy Text, alongside numeric data, is one of the crucial elements of the FinTech apps. Therefore, it needs a watchful eye to define the best results. First, we spotted the problem — the current design system doesn’t have enough styles thus, in many cases, text styles don’t help to see the info instantly. We took various product screens that contain different UI elements to analyse and further, make new variations of styles. Having 5 products — Dealflow, Portfolio, Contacts, Portal, Documents — while each of them has multiple complex flows, doesn’t make it easy to find one and only solution. We prioritised the most used flows first. We tested different line weights, removed unnecessary text styles and added the ones that bring consistent progression based on the maximum amount of titles we might have. ---------------------------- #fintech #investment

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What should the CTO of a #neobank know when choosing a Core Banking platform? Sygnum Bank SINNAD ModernFi neon AO Home Credit Bank Kazakhstan Tomorrow GoHenry Pockit Wirex Nickel BNP Paribas UKRSIBBANK BNP Paribas Group Equity Bank Bank of Georgia Bank Cler BankFinancial BankFive Bank Frick Caary Capital Griffin Astra Bank Current Alpian Fire Arab Financial Services Prismea Valyuz Oxygen Juni PenSam Curve Aion buddyunicredit Countingup Dozens GoHenry #fintech #neobanks #corebanking

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A few years ago, there was considerable debate about the #Metaverse and its practicality. Today, banks like PKO Bank Polski and #fintech companies are embracing the trend, utilizing the Metaverse as a fresh platform for client communication and relationship-building. Is this a parallel to the major social media revolution of 2015, or an entirely new phenomenon? Check out our new article here to find out more: https://lnkd.in/dNbKnpGy

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Driving the responsible adoption of AI in banking, Saldo Bank's CEO Jarkko Maensivu recently shared an insightful perspective on "AI Regulation: shaping the digital future" at FIBE Berlin. 🧭 Saldo has used explainable AI models like XGBoost, achieving impressive gains of 6% improved fraud detection and 28% better churn modeling compared to traditional techniques. While prioritizing transparency and explainability for compliance, Maensivu highlighted opportunities to advance through flexible AI governance. He advocated for a shift towards approving the overall robust AI process versus static individual models. 💡 The true gamechanger? The ability to continuously retrain AI on real-world performance data for sustainable optimization. Maensivu outlined how this cutting-edge approach could propel the financial sector forward. While #FIBEBerlin may be over, the conversation around ethical AI innovation is just getting started. #fintech #banking #ai #airegulation #saldobank

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We're pleased to announce that we have obtained our VASP financial license - courtesy of the Polish government. This will aid our expansion on a global scale and would enable us to serve our users better. Check the comments for the article link. #Palremit #monday #VASP #fintech #cryptocurrency #financialservices #digitaltrading #digitalcurrency

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🚀 Congratulations to these remarkable 10 companies for securing funding in their latest investment rounds! 1. Mobi Banka - $35M - Mobi Banka offers a comprehensive digital banking experience, providing users with seamless online and mobile banking services, making financial management more accessible. 2. Topl - $1M - Topl is a blockchain protocol focused on creating a more transparent and sustainable economy, enabling users to track the social impact of their transactions. 3. Switchyards - $5M - Switchyards is a unique co-working and event space, designed to foster creativity and innovation among entrepreneurs and startups in the heart of Atlanta. 4. Solar Foods - $9M - Solar Foods develops sustainable food products by producing protein from air and electricity, creating a revolutionary approach to food production that reduces environmental impact. 5. Stoxkart - $12M - Stoxkart is a commission-free stock trading platform in India, offering low-cost, transparent trading services to help investors grow their portfolios without additional fees. 6. Iambic Therapeutics - $27M - Iambic Therapeutics uses AI to revolutionize drug discovery, speeding up the process of developing novel therapeutics for complex diseases and advancing personalized medicine. 7. Face Rock Creamery - $1.5M - Face Rock Creamery is an artisan cheese producer in Oregon, known for its handcrafted cheeses and commitment to sustainable dairy farming practices. 8. Turnkey - $15M - Turnkey offers a platform for building and managing Web3 applications, simplifying the process for developers and empowering them to create decentralized solutions with ease. 9. Sublime Security - $20M - Sublime Security provides advanced email security solutions, leveraging AI and machine learning to detect and prevent phishing attacks and other email-based threats. 10. Lumeris - $100M - Lumeris delivers value-based healthcare solutions, partnering with providers to improve patient outcomes while reducing costs through data-driven insights and coordinated care. 🚀 To stay on top of startup funding news, follow Growth List. Sign up for complete access to data and contact information.

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🎮 Do You Like Games? Discover the Connection Between Open Banking and the Gaming Industry! 🕹️ In February 2023, Wargaming teamed up with Noda to introduce swift open banking payments, offering players diverse payment methods like account-to-account (A2A) transactions. This collaboration exemplifies how open banking can enhance the gaming industry by simplifying transactions and improving user experiences. 🔐 Key Benefits: - Cost Efficiency: "Noda’s unified platform connects multiple banks globally, simplifying payment processing and reducing costs," says Sebastian Totté, Noda’s Head of Gaming. Open banking cuts down payment processing expenses significantly. - Rapid Transactions: Unlike traditional methods that delay transactions, A2A payments credit funds almost instantly, improving cash flow management for gaming businesses. - Enhanced UX: Seamless payment processes prevent cart abandonment and increase conversions, enhancing overall customer satisfaction. 🚀 Explore how Wargaming leverages Noda for better payment experiences in our full article https://lnkd.in/dz2aFgGA. #Noda #Wargaming #OpenBanking #GamingIndustry #PaymentSolutions #DigitalPayments #Innovation #CustomerExperience

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👝 The web version of Google Wallet has launched in Ukraine Users of the web version can change payment methods in Google Wallet, update Wallet and Google Pay settings, and view transaction history. ➡️ Google has been rolling out a web version of Google Wallet since April. 13 countries have been added to the list of countries where you can already use the web version of the electronic wallet from Google, including Ukraine. This was reported by 9to5Google. 💳 Wallet.google.com (http://wallet.google.com/) gives access to a list of saved payment methods, that is, credit and debit bank cards, as well as loyalty cards, travel tickets, and event tickets. It displays the actual barcode, which can be removed. Identity cards and any passes are therefore only available in the mobile version of the wallet. #Wefunagency | #Googlep| #Tip  ➖➖ ➖➖ ➖➖ ➖➖ ➖➖  🏠 Ads account rental service: ✉️ For all questions : https://t.me/meuth_agency | https://t.me/ceuth_agency ✉️ Subscribe to the channel: https://t.me/wefun_agency

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TheFinRate - Rating Service Provider for Global Financial Businesses - Mistertango 😍 🚀 Exciting News! Introducing Mistertango: Your Business’s New Financial Ally! 💼💳 Are you tired of the endless hurdles and red tape associated with traditional banking? Say hello to Mistertango—a fintech disruptor that is revolutionizing the way businesses manage their finances. Here’s why Mistertango is the perfect financial partner for your business: 💯 Swift Account Setup: Time is money, and Mistertango understands that. With Mistertango, you can open your business account within 24 hours. No more waiting weeks for paperwork and approvals. Get your account up and running quickly so you can focus on what matters—growing your business. 😍 Transparent Fees: Mistertango believes in honesty and transparency. Say goodbye to hidden fees and unexpected charges. With competitive rates and clear, straightforward pricing, you can keep more of your money where it belongs—with your business. 🙌 Global Reach: Mistertango equips you with Visa debit cards accepted worldwide, making cross-border transactions seamless and hassle-free. Whether you’re dealing with suppliers overseas or expanding your market internationally, Mistertango ensures your financial operations remain smooth and efficient. 👍 Financial Security: Licensed by the Central Bank of Lithuania, Mistertango prioritizes the security and safety of your funds. You can trust that your money is protected by rigorous regulatory standards and state-of-the-art security measures. ✌ Mistertango isn’t just a bank; it’s a comprehensive financial ally dedicated to supporting your business's success. Join the revolution and discover how Mistertango can simplify and enhance your financial management. Follow TheFinRate - Rating Service Provider for Global Financial Businesses - for the latest updates l✌️ Join TheFinRate - Rating Service Provider for Global Financial Businesses - Today: https://thefinrate.com Explore Mistertango today: https://lnkd.in/gD4t7Zq #Mistertango #Fintech #BusinessBanking #FinancialRevolution #GlobalBusiness #SecureBanking #TransparentFees https://lnkd.in/gD4t7Zq

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