FinTechs seek to create payment infrastructures


When a bank becomes a core member of the credit card industry, it doesn’t necessarily mean it’s ready to start issuing cards and processing transactions. Instead, this designation is like a driver’s license.

You might have a driver’s license, but you still need a car, fuel, and roads before you can drive. Likewise, a core member needs a payment processing infrastructure.

This is how Marvin Blazhevski, CEO and Founder of SEPA Cyber ​​Technologies, described his company’s role. FinTech not only enables credit card processing, but also builds, maintains and improves all types of payment processing platform and technology.

“This is where we come into the field,” said Blazhevsky. “Yes, we also have some really big banks as clients, but where the innovation happens is basically you don’t just change the front, but the core as well.”

Growing demand for payment processing infrastructure

The need for such services is increasing, he said.

At first, most FinTechs were building a new front-end, but they would borrow a license from a bank and connect through an application programming interface (API) to an infrastructure the bank had purchased from a traditional processing giant. .

When FinTechs get big enough to be regulated and become banks themselves, they are often still stuck using basic processing, intelligence, governance, security, and other assets that belong to the other bank. . In addition, this bank benefits from their work.

“We have a totally different approach,” said Blazhevski. “We are not taking advantage of the financial service provided to the end user. We are just a technology company, we know where our place is, and we enable all these young FinTechs and also large companies who want to enter the payment industry, who want to set up Visa products or card products, to participate in the payment processing ecosystem.

Using a SEPA platform allows companies to opt for Visa membership, for example, with their own banking license or with a core member who does not have the infrastructure.

Cooperate on exciting crypto projects

SEPA Cyber ​​Technologies celebrated its four years this month. Since its inception, the company has found that its customers have similar service needs: simplicity, time to market, and flexibility to operate the system without having to wait months to add new functionality. But at the same time, no two projects are the same.

“We are very open to communication and finding solutions that are even just an idea,” said Blazhevski. “The most exciting projects are always the projects where someone comes in saying, ‘I have an idea, I have the budget for it and I would like to make it happen. “

The big topics recently revolved around blockchain, crypto, stablecoins, smart contracts and non-fungible tokens (NFT). While its core business is classic regulated technology, SEPA Cyber ​​Technologies has clients who are crypto exchanges, FinTechs that have integrated crypto, and mainstream banks that have integrated crypto.

“Over 40% of our inquiries over the past month were actually still crypto-related,” Blazhevski said. “So we are looking forward to working on some very exciting projects. “



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