Latest opinions that Kyrylo Reitor has shared on Finextra

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Kyrylo Reitor

Chief Marketing Officer

International Fintech Business

Member since

06 Jun 2024

Location

London

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Kyrylo's opinions

IFB trip to Japan Fintech Week ⛩️

The narrative about Japan has always been that it is closed to foreigners. Our experience at Japan Fintech Week 2025 revealed that this perception is outdated. Japan is a country not merely open to international innovation, but actively cultivating it. The Japanese government has set a bold goal with a target of 100,000 startups and 100 unicorns b...

28 March 2025 /payments /regulation

The Silent Revolution – How Women Are Transforming the Fintech Industry

Fintech, like other business sectors, strives to implement innovations to evolve for the better. Among the trends that are gradually taking root in 2025 are: Artificial Intelligence (AI) Usage – AI is employed for data analysis and personalized financial services. According to CBInsight, investments in AI are on the rise, reaching $23.2 billion...

10 March 2025 /retail /predictions Fintech

How women are transforming FinTech

Every historical change begins with an invisible impulse - a quiet spark that eventually grows into a significant wave. A similar process is now occurring in the financial sector, where, contrary to familiar stereotypes, more and more women are entering FinTech and expanding the industry's horizons. According to a Deloitte report, women still make...

03 March 2025 /payments /wholesale Fintech

IFB at Latvia Fintech Forum 2024: New Horizons in Financial Innovation

In November 2024, the International Fintech Business (IFB) team participated in the Latvia Fintech Forum, a landmark event that brought together over 250 industry leaders, regulators, and innovators in Riga. This premier gathering provided valuable insights into Latvia's emerging position as a key fintech hub in Europe. During the forum, we held p...

31 January 2025 /payments /regulation Fintech

MSBs: What You Need to Know About Regulatory Requirements

MSBs operating in Canada are facing significant regulatory changes. According to a recent notice from Approved MSB Services, the Bank of Canada has introduced new regulations under the Retail Payment Activities Act (RPAA), requiring all MSBs to register within a specified timeframe. This regulatory overhaul is part of a broader global trend aimed ...

04 December 2024 /regulation /wholesale Banking Regulations

How to avoid potential risks when working with correspondent accounts

The utilization of correspondent accounts has become increasingly prevalent in the financial services industry, particularly among fintech companies seeking to expand their global reach and access new markets. While these partnerships offer numerous benefits, they also come with inherent risks that must be carefully managed to ensure the integrity...

27 November 2024 /payments /wholesale Banking

Upgrade of SPI License to API License in Poland

As of 2024, the Polish Financial Supervision Authority (KNF) has established clear guidelines for Specialized Payment Institutions (SPIs) looking to upgrade to Authorized Payment Institutions (APIs). This transition aligns with the demand for processing higher transaction volumes and delivering a wider range of services, reflecting the financial s...

20 November 2024 /payments /wholesale Digital Banking

Forex Market Regulation on the African Continent

Africa, with its rapidly growing economy and the dynamic development of financial markets, is increasingly attracting the attention of investors from around the world. The Forex market in this region demonstrates significant potential, but its growth is constrained by several specific factors requiring appropriate regulation. Regulation of Forex i...

15 November 2024 /security /markets Fintech

Future of SPI in Poland

The evolving regulatory landscape and increasing competition present both new opportunities and significant challenges for SPIs in Poland. Opportunities: Niche Markets: SPIs can successfully compete with large banks by targeting specific market segments, such as youth, small businesses, or by providing specialized services (e.g., for travelers). In...

06 November 2024 /payments /wholesale Payments strategies 2015-2020-2030

Top 5 jurisdictions to obtain EMI license in 2025

The European Payment Services Directive (PSD2) has ignited a fintech revolution across Europe, spurring the growth of Electronic Money Institutions (EMIs). As fintech companies seek to capitalize on this opportunity, understanding the most conducive jurisdictions for obtaining an EMI license is paramount. In 2025, these five European countries sta...

30 October 2024 /payments /regulation Financial Services Regulation