The future of banking technology: BANCOS CTO and CFO in the Entrepreneur’s Diary Podcast
Last week, our CTO Alexander Domene and CFO Karsten Reichel were guests on Valerian Gegidze’s “Entrepreneurs Diary” podcast. Under the title “How the Top 1% Build Successful Businesses”, they shared their views on the evolving financial technology landscape.
As Alexander outlines, we are experiencing a shift towards seamlessly integrated financial services for everyday transactions: When booking a service, for example, there is a direct choice of credit financing, with all the complex banking processes running invisibly in the background.
This scenario is increasingly becoming a reality. It is not just a technological advancement, but a fundamental change in the way banking services are provided and experienced.
Karsten provides valuable insights into the regulatory environment and shows that the requirements for compliance with EU banking regulations are becoming more complex every year. While process automation offers promising solutions, a key challenge also lies in implementing them while maintaining strict compliance standards.
It is a delicate balance that requires careful planning. In the case of newly established banks, demanding compliance processes need to be implemented from scratch, while established institutions are working to modernize their existing workflows.
The trip of our board members to Georgia to visit our business partner Gegidze proved to be more than just a business trip. The experience provided a unique perspective on how different markets are adapting to global banking trends. Georgia’s position as a bridge between the European and Asian markets combined with its commitment to European standards is an interesting case study in international financial innovation. The podcast conversation with Valerian highlighted this and also showed the value of strong international partnerships.
Listen to the full podcast episode here:
Spotify
Apple Podcasts
