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Paul Shumsky

Founder
@Finpace.tech
Member since
10 Sep 2019
Location
Ny
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Followed by John Sims, Martha Boyle and 5 others you follow
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Paul's opinions

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Paul Shumsky

MCP as the Foundation for Secure and Agile Banking Partnerships

Banks today face a persistent dilemma. On one hand, they must adapt to the market conditions quickly integrating new partners, responding to evolving regulations, and launching products faster than before. On the other, every integration risks exposing the most sensitive parts of their infrastructure. Too often, the result is delay, added cost, or...

19 August 2025 /ai /security Banking Architecture

Paul Shumsky

Why Traditional Mobile Banking Apps Are Reaching Their Limits and How Agentic UI Will Replace Them

Every major shift in digital banking has started with a problem that could no longer be ignored. Moving from branches to online banking addressed the need for convenience. The move from online to mobile banking apps gave customers access to their finances anywhere and anytime. Now a new challenge is emerging. Even the best mobile banking apps are ...

15 August 2025 /ai /retail

Paul Shumsky

AI is Changing the Game for Online Search

The way we find things online is totally changing. Traditional search engines? They're outdated. Now, AI-powered search is taking over, and it's doing a much better job. These smart AI systems give people exactly what they want, quickly and efficiently. If you want your business to be found, you need to adapt. It's that simple. SEO is out, AI sear...

13 February 2025

Paul Shumsky

How AI is Transforming Digital Banking: Perspectives for 2025 and Beyond

In today’s fast-paced world, customers have grown accustomed to AI-powered convenience in every facet of their lives—from personalized shopping recommendations to voice-activated home assistants. But when it comes to financial services, many still find themselves facing outdated systems and impersonal experiences. What if your institution could ha...

26 December 2024

Paul Shumsky

Best Agency Banking Software Solutions in 2024

Agency banking is revolutionizing financial access for millions in underserved regions, making financial inclusion not just a goal, but a growing reality. Here’s an in-depth look at the top agency banking software solutions of 2024 and what to consider when choosing the best platform for your needs. Introduction to Agency Banking With over 1.4 b...

27 November 2024

Paul Shumsky

What is Banking Core Software and Why is it Important?

From day-to-day banking operations such as transactions, authentications, loan payouts, and risk assessment to managing customer profiles and services, banks have a lot to handle. Managing all these aspects of banking by human resources alone is very difficult, if not completely impossible! This is why banks utilize specialized financial technolog...

02 November 2023

Paul Shumsky

Top 5 Best Bank Software Development Companies

Agile and adaptive banking is on the rise. In the past several years, the demand for flexible and virtual financial services options has prompted a transition from traditional banking methods to automated and AI-generated customer features, access, personalized recommendations, and 24/7 online support. In today’s rapidly evolving, disruptive techn...

30 August 2023

Paul Shumsky

Top mobile wallet software platforms in 2023

Mobile wallets have become increasingly popular in recent years, with more and more people relying on them to manage their finances and make transactions. In this post, we will take a closer look at the mobile wallet market and discuss popular white-label software platform providers. The global mobile wallet market is a rapidly growing industry th...

08 June 2023

Paul Shumsky

Top 4 Programming Languages for Fintech

Fintech as an industry has always been very receptive to new technologies. The huge volume of transactions, the low tolerance for risk, and the need for instant processing made software a perfect force multiplier and the main competitive advantage for Fintech companies. While choosing a Fintech software businesses are considering many criteria su...

23 February 2023

Paul Shumsky

Top 5 Banking Software Providers in the UK in 2023

The United Kingdom is a highly competitive market for both traditional and digital banking. The UK is the second-largest destination for Fintech investment after the United States, with innovation and technology driving efficiency among established players and strengthening connections with financial centers around the world. The UK Fintech sector...

09 February 2023

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Paul writes about

  • artificial intelligence
  • security
  • payments
  • regulation & compliance
  • people
  • retail banking
  • wholesale banking
  • cloud
  • devops
  • start ups
  • financial inclusion
  • cryptocurrency
  • identity
  • markets
  • covid-19
  • predictions

Paul's opinion archive

  • 2025 (2)
  • 2024 (1)
  • 2023 (2)
  • 2022 (1)
  • 2021 (7)
  • 2020 (9)
  • 2019 (11)

Paul reads

  • Finpace: AI-Native Banking Core
  • Abrany: Answer Engine Optimization for Fintech
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