Latest opinions that Sergiy Fitsak has shared on Finextra

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Sergiy Fitsak

Managing Director, Fintech Expert

Softjourn

Member since

23 Jun 2023

Location

Ivano-Frankivsk

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Sergiy's opinions

The Strategic Value of Code Audits Before Selling or Merging Your Business

In the competitive world of business transactions, ensuring that every aspect of your company is optimized can dramatically increase its valuation. A key component often overlooked is the technology underpinning the business. Code audits are essential in this regard, serving as a comprehensive evaluation of your software's health and efficiency. By...

29 April 2024 /payments /retail Banking Strategy, Digital and Transformation

How FedNow is Shaping Payments Since its Groundbreaking Launch

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a significant departure from the traditional Automated Clearing House (ACH) system. This shift signifies a pivotal moment in banking innovation, offering instantaneous transaction processing that aligns wi...

09 April 2024 /payments /retail Banking Strategy, Digital and Transformation

Key Challenges Digital Banks are Facing in 2024

With the neobanking market projected to swell to $6.37 billion in 2024, and a user base expected to hit 386.3 million by 2028, the industry's potential is undeniable. Yet, alongside opportunity come substantial challenges, from profitability to cybersecurity. Clash of Titans: Traditional vs. Digital Banks The consumer demand for comprehensive fin...

25 March 2024 /payments /retail Banking Strategy, Digital and Transformation

Must-Have Features for Digital Banks in 2024

In 2024, digital banks continue to rise, drawing in customers with their innovative services. Leading digital banks such as Chime, Current, and Varo report significant increases in both customer numbers and deposit volumes. The competitive landscape is intensifying as technology giants and traditional banks unveil their digital banking solutions, ...

28 February 2024 /payments /retail Banking Strategy, Digital and Transformation

Gig Economy and Millennial Momentum: Key Trends Shaping the Prepaid Card Market in 2024

The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from gig economy dynamics to millennial spending habits, the surge in virtual card usage, the popularity of eGift cards, and the innovative approach of pre...

14 February 2024 /payments /retail Banking Strategy, Digital and Transformation

9 Predictions for Expense Management Technology in 2024

In 2024, the travel and expense (T&E) management industry is set to undergo significant transformations, driven by technological advancements like AI, Blockchain, and predictive analytics. The global expense management market is projected to reach $13.15 billion by 2030, indicating a strong trend toward the adoption of advanced solutions acros...

24 January 2024 /payments /retail Banking Strategy, Digital and Transformation

The Biggest Payments Industry Trends of 2024 (and How to Implement Them Now!)

Emerging Digital Payment Trends As we usher in 2024, the payments industry stands on the threshold of a new era, marked by an accelerated pace of innovation. This dynamic landscape is a testament to the sector's agility in responding to the rapidly evolving demands of the digital consumer and the forward march of technology. What payment trends ca...

11 January 2024 /payments /retail Banking Strategy, Digital and Transformation

How AI-Driven Chatbots are Transforming the Financial Services Industry

AI-powered solutions are rapidly maturing, becoming a vital asset across numerous industries, particularly within finance. According to a Markets and Markets report, the global chatbot market achieved a valuation of $4.7 billion in 2022 and projected growth to $15.5 billion by 2028. The evolution of chatbots has vastly improved their linguistic ca...

03 January 2024 /payments /retail Banking Strategy, Digital and Transformation

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