During the last several years FinTech has become one of the fastest growing industry worldwide. With a great number of new technologies aimed to escalate financial world, only the most innovative companies have the potential to overcome the occurring challenges. 2019 will be the year of success for those FinTech brands that are prepared to address those:
RegTech
RegTech is now one of the fastest-growing FinTech areas, with more startups to occur in 2019. Adopting RegTech is not only beneficial for a company to be legally compliant, but also to stay in line with new solutions appearing today, maintaining competitiveness.
Optimized Platforms
This one could not be solved without FinTech. Thanks to new innovative platforms, we now have essential tech solutions to help with different types of management challenges, both financial and regulatory. With such solutions as Crassula, you can manage eCommerce, banking, automate KYC and much more without even creating a team for that.
Blockchain
Like any other technology, blockchain has its own downsides and benefits. While before there was a big excitement around its innovativeness and safety, this time will open up to more criticism towards it. The main challenge is to define when a completely decentralized system actually works towards advantages and improvements and when it limits the company’s abilities. It is also possible to address mixed solutions with different levels of access and functionality.
FinTech systems already challenge card issuers and banks, and with the right approach, they will be able to keep and grow their market share.
The world without cards and transfer fees already exists. Support it by addressing innovative FinTech solutions.
Crassula is an open banking software platform that helps companies to create FinTech products as a White Label. Crassula products are:
eCommerce: product for creating an online payments system that allows offering global payment gateway for merchants.
Banking: product for creating online banking or e-wallet for users, businesses and e-commerce clients that allows creating accounts, issue cards, make SEPA and WIRE transfers.
Cryptocurrency Exchange: software for building currency exchange products: cryptocurrency purchase with payment cards, cryptocurrency sale with payouts to the card, etc.
Operations: a product that helps clients with back-office, gathering dedicated teams that help to deal with account management, bookkeeping, customer care, technical support, etc.
RegTech: AML/KYC solution that with the unique scoring algorithm helps companies to efficiently manage risks and comply with EU regulations in the process of onboarding new users and merchants.
