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

To Build or to Buy Fintech Software?: Guide to Making the Best Decision

The dilemma of whether to build or buy fintech software has long been a tough decision for many entrepreneurs. The allure of a personalized solution can be tempting, but not all startups possess the financial resources necessary for custom software development. On the flip side, opting for a ready-made solution might seem cost-effective during the ...

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

Emerging Technologies to Safeguard Against Credit Card Fraud

The Rise of Digital Payments and the Escalation of Fraud Risks The COVID-19 pandemic has propelled the world towards the era of electronic payments, a trend that shows no signs of reversing. At 37.8%, credit cards emerged as the most reported method of payment involving scams in 2022, accounting for an estimated $1.034 trillion in e-commerce sales...

27 September 2023 /payments /retail Banking Strategy, Digital and Transformation

Goodbye to Passwords: Is Voice Authentication the Future of Fintech Security?

Voice authentication technology is gaining momentum across various consumer-driven sectors, potentially rendering your voice as your future password. Global Voice Recognition Market Overview In 2020, the global voice recognition market boasted a valuation of $9.27 billion, a figure expected to surge to $27.16 billion by 2025, with a compound annua...

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

Deploying APIs for Fintech Advancement: The Emergence of Banking-as-a-Service

The landscape of financial services is undergoing a paradigm shift - courtesy of Banking as a Service (BaaS) - which is reshaping the dynamics between traditional banking institutions and fintech enterprises in their joint effort to cater to consumers' banking needs. BaaS empowers fintech companies to furnish their clientele with an extensive arra...

13 September 2023 /payments /retail Banking Strategy, Digital and Transformation

The Cloud Chasm: Why Nearly Half of Remittance Companies Aren't on the Cloud

Do you recall the times when selecting a service provider meant dealing with physical software and frequent updates? In 2006, tech giants like Google and Amazon led a transformative movement by embracing the limitless potential of cloud computing. Their forward-looking initiative has subsequently sparked changes across various sectors, although th...

16 August 2023 /payments /retail Banking Strategy, Digital and Transformation

Harnessing the Power of Graph Technology for Fraud Prevention

What is Graph Technology and What Can it do for Financial Institutions? Graph technology has been a cornerstone of mathematics for centuries, and its application in financial institutions and fintechs has been rapidly gaining attention and traction in recent years. As financial fraud becomes more sophisticated, traditional methods of detection bas...

03 August 2023 /payments /retail Banking Strategy, Digital and Transformation

How To Be (And Stay!) a Disruptor In The Payment Card Market

This guide aims to help you gain a competitive edge in the Payments Market with insights, trends, and technological awareness. Payments Market Overview The digital payments market has witnessed incredible growth, surpassing the automobile manufacturing sector. It is projected to achieve an astonishing value of $20 trillion USD by 2026. This remarka...

19 July 2023 /payments /retail Banking Strategy, Digital and Transformation

Exploring Variable Recurring Payments (VRPs): Features and Advantages

Introduction The emergence of Variable Recurring Payments (VRPs) has revolutionized the payments industry, captivating the interest of consumers, merchants, and financial institutions.This article dives into the world of VRPs, analyzing their impact, advantages, and implications for both businesses and customers. Understanding Recurring Payments...

12 July 2023 /payments /retail Banking Strategy, Digital and Transformation

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