PCM vol. 3 Issue 9
The September issue is focused on Regulations and Compliance with a great emphasis on PSD2. Payments and FinTech point of views from Retailers and Payment Service Providers.
The September issue is focused on Regulations and Compliance with a great emphasis on PSD2. Payments and FinTech point of views from Retailers and Payment Service Providers.
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EXPERT INTERVIEW<br />
<strong>PCM</strong>: What are your recommendations<br />
for FinTech companies and start-ups<br />
to take advantage of these major<br />
changes?<br />
Gregory: Focus on the customer: don’t<br />
focus on just technology and user<br />
experience. It’s very important that your<br />
solution really addresses a customer<br />
pain point which is solved by your<br />
solution. Understand how your solution<br />
will bring value to consumers and how<br />
you can charge for it. Also, don’t see<br />
banks as your enemies. Even though<br />
they are the incumbents there is still a<br />
lot that can be learned from them. Also,<br />
don’t forget that how innovative your<br />
solution might be, there is a big chance<br />
you need to integrate it with a bank or<br />
a financial institution in some sort of<br />
way to deliver your solution. So, you<br />
also better understand how they work<br />
as well. And especially if you want to<br />
do something in payments: do take the<br />
time to understand how the ecosystem<br />
works and which place you want to take<br />
in the value chain.<br />
2knowlab<br />
2knowlab was founded in December of 2016. We see ourselves as ‘business navigators’<br />
that accelerate businesses based on knowledge sharing, ideation and gamification. We<br />
give expert guidance with a personal touch based on a hands-on mentality. Currently<br />
we primarily focus on three domains: Financial Supply Chain, Online Payments and<br />
Fintech.<br />
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