Elias Thomaidis

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Regulatory Resilience: Fintech's AML Frameworks through Comprehensive Gap Analysis and Methodologies

May 23, 2024 | finextra.com | Penny Townsend |Nenad Marovac |Brian Gaynor |Elias Thomaidis

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In a world where innovation meets finance, fintech companies stand at the forefront of revolutionising how we interact with money.
Payment Orchestration: building blocks for a great performance

May 23, 2024 | finextra.com | Penny Townsend |Nenad Marovac |Brian Gaynor |Elias Thomaidis

Introduction In our earlier blog on Payment Orchestration, we discussed how Payment Orchestration is much more than just transaction routing alone. It is the combination of elements, features, and benefits that makes Payment Orchestration a success. In this blog, we continue on our first blog describing the elements that together make Payment Orchestration. Don’t put all your eggs in one basket One benefit of Payment Orchestration is that it reduces the dependency on one acquirer or PSP.
10 Key Benefits of Using Cryptocurrency as a Method of Payment

May 23, 2024 | finextra.com | Penny Townsend |Nenad Marovac |Brian Gaynor |Elias Thomaidis

What are some benefits of using cryptocurrency as a method of payment? Well, imagine a world where traditional banks are the gatekeepers of transactional velocity and cost, like toll booths on a highway. Let's explore that idea in detail below. Enhanced Security Cryptocurrency's blockchain technology ensures transactional integrity through intricate encryption, making alterations nearly impossible.
Unveiling the Power of Interchange Optimization for ISVs

May 21, 2024 | finextra.com | Nenad Marovac |Brian Gaynor |Elias Thomaidis |Denis Shafranik

In the fast-paced landscape of today’s industries, particularly within the technology sector, efficiency and streamlining operations are imperative. Every aspect of operations, including financial transactions, plays a crucial role in the success of anyone in the IT world, from developers to ISVs. ISVs, in particular, have an opportunity to take advantage of this situation.
Learnings from the Ben Bernanke Report

May 21, 2024 | finextra.com | Elias Thomaidis |Martin Bradbury |Mete Feridun |Joris Lochy

The implications of Ben Bernanke’s review of forecasting for monetary policy making at the Bank of England go far beyond the Bank itself. His recommendations lead with a call to accelerate the modernisation of software used to manipulate data as rapidly as feasible. The Bank should certainly expand investments in creating the flexible, scalable and dynamic data platforms necessary as the foundation of effective forecasting.
Super apps: What’s in a name?

May 21, 2024 | finextra.com | Brian Gaynor |Elias Thomaidis |Denis Shafranik |Nick Stephens

The phrase super apps has gained currency in recent years, generally used to mean a digital one-stop-shop for a range of services. The likes of Uber and DoorDash have expanded their offerings beyond their core services, while Revolut refers to itself as a ‘financial super app’ in its marketing, and the recent IPO of Kazakh fintech Kaspi.kz at a valuation of $18bn brought the concept further into the mainstream. It is, however, a pretty vague concept, and one I think merits unpacking further.
Understanding Open Banking: From PSD2 to Global Adoption

May 21, 2024 | finextra.com | Elias Thomaidis |Denis Shafranik |Nick Stephens |Delia Pedersoli

Open banking has significantly gained popularity in recent years, and customers have become more willing to adopt it. The latest UK Open Banking Impact report, for example, revealed that in the six months to June 2023, over 11% of British consumers were active users of open banking, an increase from 7% in 2021. But what is open banking, and where did it come from?
3 signs your payment provider is holding your business back

May 21, 2024 | finextra.com | Elias Thomaidis |Denis Shafranik |Nick Stephens |Delia Pedersoli

The payment landscape is unpredictable, but technology allows businesses to constantly improve their offerings. However, this also means that customers expect more and want an enhanced buying experience. That’s why now more than ever, business leaders should be evaluating their payment stack and assessing whether it’s serving their business’ growth. This is especially true if a company is planning to expand into new markets, which requires catering to local payment preferences.