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Paul Shumsky

Technology Advisor
Entrepreneur
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Paul Shumsky

Top 10 Mobile White-Label Wallet Solution Providers 2023

In the next few years, strong growth in the Asian mobile wallet industry is expected to be replicated in the US, as consumers come to appreciate the full scope of financial capabilities that mobile wallets have to offer them. US retailers like Walmart, Starbucks and Dunkin Donuts have experienced good uptake in their company-branded wallets, while ...

28 July 2022 /payments /markets

Paul Shumsky

How To Build A Future-Fit Cloud Banking System?

Cloud Banking – an Introduction: Cloud banking is a potential game-changer and a catalyst for enterprise business transformation that would be so effective for financial institutions in near future. Basically, it empowers financial institutions to manage core banking platforms and applications in the cloud. On-demand enhanced computing power is pr...

28 July 2022 /retail

Paul Shumsky

Top 6 Wallet Software Providers In 2023

Many businesses are increasingly forming a request to create a custom-branded wallet. There are a myriad of ways a company can use a digital wallet. For example, it could be related to launching loyalty programs or the need for a centralized payment system for the local market in which you operate. But sometimes even large companies come to the p...

09 June 2022 /devops /markets

Paul Shumsky

How To Start A Neobank In 2023

In the fast-growing financial services sector, neobanks are especially important. In recent years, the industry has attracted record investments, so perhaps neobanks can soon replace the system users are accustomed to. The pace of transformation of the financial services industry in recent years has been driven by two dynamics: a growing customer ...

01 June 2022 /startups

Paul Shumsky

Top 7 Cloud Banking Software Providers 2024

Cloud technologies have recently become commonplace in day-to-day operations, not only in the banking sector but also in other areas of business. It can be said that cloud computing is taking on a leading role in the growth of IT businesses. A cloud bank is a banking infrastructure that exists in the cloud. The term Cloud Service Providers (CSP) ...

23 May 2022 /security /wholesale Bigger than Technology

Paul Shumsky

Top 5 Digital Banking Software Companies 2023

Digital banking industry is one of a few to keep growing tremendously despite all the challenges the world is facing in 2022. The growing trend is very much similar across many regions leading to a great demand on technology and white-label solutions. This situation often leads to inappropriate decisions in terms of the resource and product planni...

18 May 2022 /startups /markets Online Banking

Paul Shumsky

What Is Wrong With BaaS Solutions For Neobanks?

Software as a Service (SAAS) offerings, also described as Banking as a Service (BAAS) and Platform as a Service (PAAS), together with regulatory relaxations, have opened a whole new world to businesses that have traditionally been excluded from operating inside the hallowed halls of traditional financial services. Customers are the primary benefi...

24 March 2022 /retail /startups Artificial Intelligence and Financial Services

Paul Shumsky

Is BaaS Really The Way To Go?

Banks have been on a multi-decade-long digitalization journey during which they have been called on to respond proactively to client needs for more accessible, efficient, and cost-effective banking by completely transforming their business models. From the first internet banks launched in the mid-1990s to the first smartphone banking app brought to...

09 February 2022 /retail /predictions

Paul Shumsky

2022 Fintech Market Forecast

2021 remained resilient for Fintechs even despite the continued pandemic vulnerabilities. Moreover, there was a significant growth of the venture investments in Q3 and Q4 across many regions. Verticals such as digital asset exchange, digital payments and savings experienced 19% YoY growth according to World Economic Forum and the World Bank data. ...

27 December 2021 /markets /predictions Digital Banking Trends

Paul Shumsky

Building a Secure FinTech MVP

Mobile penetration changed the way we do things and build new products, and finance management is not an exception. In Europe alone, fintech app usage is up 72% since the beginning of the pandemic in 2020. Neobanks like Monzo and Revolut are quickly expanding their user base, Coinbase becomes a public company, Robinhood opens the doors for retail i...

03 December 2021 /security /retail

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Paul writes about

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Paul's opinion archive

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