Sergiy Fitsak

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Managing Director, Fintech Expert

Softjourn

Member since

23 Jun 2023

Location

Ivano-Frankivsk

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Gig Economy and Millennial Momentum: Key Trends Shaping the Prepaid Card Market in 2024

The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from gig economy dynamics to millennial spending habits, the surge in virtual card usage, the popularity of eGift cards, and the innovative approach of pre...

14 February 2024 /payments /retail Banking Strategy, Digital and Transformation

9 Predictions for Expense Management Technology in 2024

In 2024, the travel and expense (T&E) management industry is set to undergo significant transformations, driven by technological advancements like AI, Blockchain, and predictive analytics. The global expense management market is projected to reach $13.15 billion by 2030, indicating a strong trend toward the adoption of advanced solutions acros...

24 January 2024 /payments /retail Banking Strategy, Digital and Transformation

The Biggest Payments Industry Trends of 2024 (and How to Implement Them Now!)

Emerging Digital Payment Trends As we usher in 2024, the payments industry stands on the threshold of a new era, marked by an accelerated pace of innovation. This dynamic landscape is a testament to the sector's agility in responding to the rapidly evolving demands of the digital consumer and the forward march of technology. What payment trends ca...

11 January 2024 /payments /retail Banking Strategy, Digital and Transformation

How AI-Driven Chatbots are Transforming the Financial Services Industry

AI-powered solutions are rapidly maturing, becoming a vital asset across numerous industries, particularly within finance. According to a Markets and Markets report, the global chatbot market achieved a valuation of $4.7 billion in 2022 and projected growth to $15.5 billion by 2028. The evolution of chatbots has vastly improved their linguistic ca...

03 January 2024 /payments /retail Banking Strategy, Digital and Transformation

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

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