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Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Top 10 Challenges in Cloud Migration: Strategies for Success in 2024

For many companies today, the question is no longer "Should we migrate to the cloud?" but "What should we migrate, and how quickly should we do it?" By understanding the challenges involved in large-scale cloud migrations, businesses can create more effective implementation strategies and avoid common pitfalls such as security...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

One Year Since the FedNow Launch: What You Should Know

Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. As we mark its first year, it’s crucial to understand its impact on financial transactions, especially within the fintech sector. With over 900 financial institutions onboarded, including major players like Chase and Wells Fargo, FedN...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

The Benefits of DevOps for Your Business

DevOps has become a buzzword in the business and technology world, promising enhanced efficiency, collaboration, and innovation. Understanding the principles of DevOps and how it can benefit businesses is crucial for organizations looking to stay ahead in today's competitive landscape. What is DevOps and How Does It Benefit Businesses? DevOps is a...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Sustainable Finance: Navigating the Emerging World of Green Fintech

The fintech sector is undergoing a significant transformation, integrating sustainability into its core operations. This shift, known as green fintech, is revolutionizing the way financial services address environmental challenges. Here, we explore the emerging trends, technologies, and innovations driving this change, and highlight key players in...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

The Rise of ESG in Fintech: Ethical Finance's Impact on Fintech Companies

The fintech sector is undergoing significant changes as it embraces sustainability and ethical principles. This movement, known as green fintech, is transforming financial services to address environmental and social issues. Understanding Ethical Finance Traditional financial metrics such as profitability and revenue remain crucial, but ethical fin...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Navigating the Evolution of Digital B2B Payments in 2024

In today’s fast-paced business environment, securing and maintaining relationships with large enterprise clients is crucial for revenue growth. However, processing their payments poses significant challenges, especially as transaction complexities and amounts increase. Traditional payment methods like paper checks often lead to delays and ineffici...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Guide to Choosing a Cloud Services Provider for Fintech Companies

Fintech firms are increasingly reliant on advanced technology to provide innovative financial services. Gartner forecasts that by 2025, 85% of organizations will prioritize a cloud-first strategy, necessitating cloud-native architectures to meet their digital goals. Cloud computing is essential for these companies to scale effectively, manage larg...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

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...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

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...

/payments /retail Banking Strategy, Digital and Transformation

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

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...

/payments /retail Banking Strategy, Digital and Transformation

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