Latest opinions that Paul Shumsky has shared on Finextra

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Paul Shumsky

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@Finpace.tech

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10 Sep 2019

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Paul's opinions

Advancing Banking Apps Security With GPS

Mobile-based fintech solutions are becoming the first port of call for many financial services, as people embrace the simplicity, cost-effectiveness and speed of mobile payments. Milennials and Gen-Zers admire mobile experiences they get with banking, payroll, customer loyalty apps and others. However, digital fraud is rising as fast, if not faste...

18 February 2020 /security Fintech

How Blockchain Is Changing Remittance In 2024

Every year hundreds of billions of dollars are transferred internationally by businesses and individuals who have emigrated from their home countries and cross-border money transfers are likely to experience double-digit annual growth rates over the next few years. Remittances reached a record high in 2018, according to the World Bank. In a press...

24 January 2020 Blockchain in Banking and Financial Services

The Top 10 Use Cases For Mobile Wallets in 2024

Consumers are benefiting from the fast pace of innovation in the fintech industry in Europe. Mobile wallets in particular are experiencing rapid take up because of the advanced range of financial services they offer users and their simpler, more cost effective and seamless functionalities. Globally coordinated regulatory initiatives are freeing up...

11 November 2019 /startups Open Banking

Uber Can Learn From Walmart’s Employee Mobile Wallet Experience

Uber could well be the next uber employer to be offering employees access to a payroll-based mobile wallet that provides financial benefits, including financial loans. Recently, the listed ride-hailing business, which has 19 000 employees worldwide, sent out an in-app message to some of its drivers saying it is building a new financial product to ...

25 October 2019 /payments Fintech

Building Customers Rewards Program With Blockchain

Coca-Cola has always been a master of branding and innovation when it comes to marketing. In 1887 Coca-Cola was the first company to create a handwritten coupon offering consumers a free glass of Coca-Cola. Between the years of 1894 and 1913 about 1/9th of Americans had received a free Cola. This method is credited to Coca-Cola being in every stat...

14 October 2019 /devops Trends in Financial Services

Rethinking Payroll With Blockchain And Mobile Wallets

Mobile digital wallets are revolutionizing the financial services industry and offering far more potential than just making and receiving digital payments. We explore one exciting area of development: branded mobile wallets as a payroll solution. Imagine giving staff access to an all-in-one, company-branded, holistic financial solution on their m...

08 October 2019 Finextra site news

Building A Bank With Microservices

Let's begin with the most common statements on using cloud solutions for online banking platforms I frequently get from clients: Statement #1: No banks use cloud solutions! Answer: Read a bit more of example Bankinter, Stripe and Capital one (Capital One, Stripe, Bankinter) Statement#2: Cloud providers are not compliant in our area! Answer: They ...

07 October 2019 /cloud Banking Architecture

Why Ecommerce Business Needs a Mobile Wallet in 2024

The retailers that stand to gain the most ground in today’s fast-evolving industry are those that build a streamlined online and in-store shopping experience that is second to none - and digital wallets offer a powerful means of doing this. Shopping is as much about the comfort and ease of the retail experience as it is about what is on offer onlin...

02 October 2019 /payments Open Banking

How To Build FinTech Apps In 2024

Banks and other early Fintech companies, which were built on legacy or some other system are quickly realizing how difficult it is to make changes to their digital services. The recent evolution of cryptocurrencies and marketplaces are putting a lot of pressure on banks and FinTech companies to up their digital game. Most of them are realizing tha...

30 September 2019 /devops Banking Architecture

4 Myths About Blockchain

While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, and news articles focus primarily on the ‘pros’ (and occasionally exaggerate the positive impact Blockchain technology can have) without mentioning or ...

27 September 2019 /security Transaction Fraud Systems and Analysis

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