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Paul Shumsky

CEO & Founder
@Finpace.tech
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Followed by John Sims, Martha Boyle and 5 others you follow
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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

Paul Shumsky

Banking App Technology: Native vs Hybrid vs Cross-platform

Are you looking to capture the growing demand for mobile banking? If yes, you might be already stuck with choosing an app development approach: native, hybrid, or cross-platform development frameworks. Given how upfront and personal mobile apps are to their users, it’s critical that you understand the benefits and drawbacks of the different routes...

15 July 2021 /security /devops IT Metrics

Paul Shumsky

Top 4 Remittance Providers For FinTechs

If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a huge effort. By inte...

13 July 2021 /payments /markets Innovation in Financial Services

Paul Shumsky

Top 5 Financial Software Development Companies

Growing Impact of Financial Software Solutions The COVID-19 pandemic provided a unique opportunity for the fintech industry. It fast tracked a shift from traditional banking services predominance to the abundant digitalization of financial services. This year is likely to be just as momentous, with digital banking no longer considered just a finan...

09 March 2021 /payments /retail Innovation in Financial Services

Paul Shumsky

Digital Banking and FinTech Trends in 2021

Demand for Fintech and digital banking products, already rising steeply before the COVID-19 pandemic set in last year, was given even greater impetus during 2020 and is likely to have gained years of ground in what has been an extraordinary year. Moreover, it is expected that virtual payment and banking solutions will take the lead in the financia...

22 February 2021 /crypto /predictions Trends in Financial Services

Paul Shumsky

FinTech In The Middle East: 2021 Forecast

The Middle East is one of the world's most heterogeneous regions, spanning three continents and 21 countries, with a population of close to 600 million. It is a culturally, politically and economically diverse region that also encompasses the six Arab states that are members of the Gulf Coordination Council. This diversity is reflected in the vast...

07 February 2021 /markets /predictions Trends in Financial Services

Paul Shumsky

Digital Banking In The Middle East: Overview and Forecast for 2021

The Middle East and North Africa region is well-known today for its great potential for the FinTech industry, there is a research by Velmie proving this region as one of the most promising for FinTech projects. Thanks to a variety of factors from the relatively low competition and expansion to favourable regulations and rapid internet and technolo...

21 January 2021 /startups /markets Fintech

Paul Shumsky

Top Reasons Why Mobile Banking Will Thrive In 2021

Demand for digital banking services, already rising steeply before the COVID-19 pandemic set in last year, was given even greater impetus during 2020 and is likely to have gained years of ground in what has been an extraordinary year. Stay-at-home orders and social distancing requirements meant customers who were not already familiar with operating...

18 January 2021 /retail /predictions 5G Payments Schemes and Strategies 2020 - 2035

Paul writes about

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  • retail banking
  • wholesale banking
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  • predictions

Paul's opinion archive

  • 2025 (1)
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Paul reads

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

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