Payment & Banking: Empowering the Finance and Fintech Industry through Digital Innovation
"Proper consideration can make regulations an effective facilitator"
Payment & Banking, an independent economic hub, navigates the complex landscape of the finance and fintech industry. With a team of founders, investors, consultants, and editors, they deliver insights and actively shape the industry.
Based in the heart of the fintech world, Payment & Banking reports, researches, and analyses key topics around payment, banking, fintech, crypto, and digital assets. Their mission is to provide clarity and understanding in an ever-evolving industry.
One of the key challenges in the industry is the complex and often error-prone nature of Know Your Customer (KYC) and Know Your Business (KYB) processes. However, the team at Payment & Banking is dedicated to finding solutions to these challenges.
In the realm of personal finance, the author of this article prefers practical solutions. At the supermarket checkout, a debit card does the trick, while contactless payment is used for quick transactions. The author's favourite finance apps include Qonto for business, Scalable for investing, and PayPal for daily use.
The EU-AML Regulation by 2027 is a significant step towards harmonization and more clarity in regulation. The finance minister has prioritized regulation that sets clear framework conditions, focuses on customer benefit, supports innovation, and technological progress.
One company leading the charge in this digital revolution is Consalty, the RegTech company co-founded by Julia Quittek. Consalty empowers financial institutions in the Payment & Banking sector by simplifying and enhancing regulatory compliance through digital and AI-driven technology. Their mission is to deliver solutions that enable smarter, faster, and safer financial processes, ensuring institutions meet evolving regulatory demands effectively.
They achieve this by developing software that automates compliance, risk management, and operational oversight. Leveraging AI, machine learning, and data-driven insights, their software provides real-time, adaptive compliance and risk monitoring across multiple regions and regulatory frameworks. This approach helps banks and payment companies reduce compliance complexity, increase transparency, and maintain control over operational risks.
In their personal life, the author is an avid sports enthusiast, with CrossFit, Trailrunning, and Triathlon being their preferred challenges. When not working or pushing their physical limits, they spend quality time with their French Bulldog, Lotti, who is the centre of their universe.
[1] Consalty: Simplifying Regulatory Compliance with AI and Digital Technology. (2021). Payment & Banking. Retrieved from https://www.payment-banking.com/consalty-simplifying-regulatory-compliance-with-ai-and-digital-technology/
[4] Consalty: Enabling Smarter, Faster, and Safer Financial Processes. (2021). Payment & Banking. Retrieved from https://www.payment-banking.com/consalty-enabling-smarter-faster-and-safer-financial-processes/
- The team at Payment & Banking is dedicated to finding solutions to complex and error-prone Know Your Customer (KYC) and Know Your Business (KYB) processes, potentially leveraging AI and digital technology as demonstrated by Consalty, a company leading the charge in the digital revolution.
- In the finance world, Consalty empowers financial institutions by simplifying and enhancing regulatory compliance through digital and AI-driven technology, delivering solutions that ensure institutions meet evolving regulatory demands effectively, as seen in their software that automates compliance, risk management, and operational oversight.
