About
An ultimate new way to accept payments online
Receive direct bank payments from…
Articles by Michael
-
Community Development Drives Differentiation in Open Banking as Banking Monitoring Evolves
Community Development Drives Differentiation in Open Banking as Banking Monitoring Evolves
By Michael Bystrov
Contributions
-
How do FinTech data protection officers measure and demonstrate the value and impact of their role?
FinTech Data Protection Officers (DPOs) showcase their impact by ensuring regulatory compliance and preventing fraud. They utilize KYC technologies for meticulous end-customer verification, vital for anti-money laundering and fraud prevention. At Noda, our DPOs implement solutions like Pay & Go for seamless customer onboarding, including non-ID upload and liveness detection, thus safeguarding and streamlining the client onboarding and deposit process.
-
What are some of the tools and techniques for FinTech cybersecurity testing and auditing?
To bolster FinTech cybersecurity: Threat Intelligence: Utilize real-time monitoring to counter Advanced Persistent Threats and protect data. Mobile Security: Implement end-to-end encryption, secure coding practices, and Multi-Factor Authentication. IoT Security: Standardize protocols and audit regularly. Regulatory Compliance: Maintain checklists for GDPR, CCPA, and continuously update security measures. Insider Threat Management: Establish strict policies and training. Emerging Threats: Monitor AI, enhance cloud security with encryption, and prepare for ransomware with backups and training. Cyber Insurance: Choose a policy aligned with your risk profile. These comprehensive strategies safeguard sensitive data and enhance client trust.
-
How do you integrate mobile payments with your existing systems and processes?
In 2024, cross-border mobile payments are reshaping global transactions, making them quicker and more economical. This shift benefits international trade and e-commerce, showcasing mobile payments' worldwide impact. The landscape is rapidly evolving with more smartphone usage, Generation Z's mobile payment adoption, and the rise of contactless and biometric security. These changes are steering us towards a seamless, secure, and intuitive payment environment, significantly altering digital financial transactions. This transformation not only reflects a major shift in handling finances but also fosters innovation and growth in the fintech sector, highlighting the extensive influence of mobile payment technology on the global economy.
-
What are the latest trends and developments in the digital payment industry and how do you keep up with them?
2023 was a significant year for open banking. Open banking adoption is proliferating among businesses and consumers. A total of 9.7 million payments were made using this technology in the UK in June 2023, according to the Open Banking Impact Report. This is 88% higher than a year ago, in June 2022. This trend is likely to continue in 2024 and beyond. Consumers and companies worldwide reap the benefits of personalized products and efficient payments. Juniper Research, for example, predicted the total value of open banking transactions would reach $330bn by 2027. That’s from $57bn in 2023, a total growth of 479%.
Activity
-
We just caught our breath from our last event, and now we’re gearing up for the next one! 📅 Noda is excited to be the Bronze Headline Sponsor at…
We just caught our breath from our last event, and now we’re gearing up for the next one! 📅 Noda is excited to be the Bronze Headline Sponsor at…
Liked by Michael Bystrov
-
🌟 What an incredible start to gamescom! 🌟 Yesterday was packed with productive meetings and engaging discussions. Let's keep the momentum going!…
🌟 What an incredible start to gamescom! 🌟 Yesterday was packed with productive meetings and engaging discussions. Let's keep the momentum going!…
Liked by Michael Bystrov
Experience
More activity by Michael
-
Gamescom has just started 🎮🌍 The Noda team is waiting for you 🚀 📍Hall 02.1 | Stand C040 - D039 #Gamescom #Noda #GamingIndustry #OpenBanking…
Gamescom has just started 🎮🌍 The Noda team is waiting for you 🚀 📍Hall 02.1 | Stand C040 - D039 #Gamescom #Noda #GamingIndustry #OpenBanking…
Liked by Michael Bystrov
-
🎉 Tomorrow is the day! Gamescom kicks off and the Noda team is ready to meet you in Cologne! 🎮🌍 Join us to explore innovative payment solutions…
🎉 Tomorrow is the day! Gamescom kicks off and the Noda team is ready to meet you in Cologne! 🎮🌍 Join us to explore innovative payment solutions…
Liked by Michael Bystrov
-
🎉 Exciting News from Noda! 🎉 We're proud to announce that Noda has been recognized for its commitment to security by being listed on the Visa…
🎉 Exciting News from Noda! 🎉 We're proud to announce that Noda has been recognized for its commitment to security by being listed on the Visa…
Liked by Michael Bystrov
-
🌟 Ethical Innovation in Finance! 🌐 Explore the vital balance between innovation and privacy in the realm of open banking in our latest feature…
🌟 Ethical Innovation in Finance! 🌐 Explore the vital balance between innovation and privacy in the realm of open banking in our latest feature…
Liked by Michael Bystrov
-
We have many more peaks to conquer 🏔️
We have many more peaks to conquer 🏔️
Liked by Michael Bystrov
-
🎉 Counting down to gamescom! 🎉 Next week, join the Noda team at one of the most exhilarating gaming conferences of the year in Cologne! 🎮🌍 We…
🎉 Counting down to gamescom! 🎉 Next week, join the Noda team at one of the most exhilarating gaming conferences of the year in Cologne! 🎮🌍 We…
Liked by Michael Bystrov
-
Monday insights 🌟 Our PR Manager, Darya Lyhach, shares expert insights on handling crisis communications. Wishing you a crisis-free week, we…
Monday insights 🌟 Our PR Manager, Darya Lyhach, shares expert insights on handling crisis communications. Wishing you a crisis-free week, we…
Liked by Michael Bystrov
-
Explore the evolution of online payment methods and their transformative impact on e-commerce with our latest article. Discover how Noda's innovative…
Explore the evolution of online payment methods and their transformative impact on e-commerce with our latest article. Discover how Noda's innovative…
Liked by Michael Bystrov
-
I am excited to share another insightful piece from HackerNoon where I discuss the transformative impact of open banking. "Open banking empowers…
I am excited to share another insightful piece from HackerNoon where I discuss the transformative impact of open banking. "Open banking empowers…
Shared by Michael Bystrov
-
🌐 Transforming Business with Open Banking 🚀 Discover how open banking is revolutionising the financial landscape, breaking down traditional…
🌐 Transforming Business with Open Banking 🚀 Discover how open banking is revolutionising the financial landscape, breaking down traditional…
Liked by Michael Bystrov
-
Join me at gamescom in Cologne 😎 Visit Noda at Hall 02.1, Stand C040 - D039 to discuss potential partnerships and explore our cutting-edge open…
Join me at gamescom in Cologne 😎 Visit Noda at Hall 02.1, Stand C040 - D039 to discuss potential partnerships and explore our cutting-edge open…
Shared by Michael Bystrov
Explore collaborative articles
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
Explore MoreOthers named Michael Bystrov
-
Michael Bystrov
Director for Economics and Finance - "Onego Tractor Plant" Ltd.
-
Michael Bystrov
manager – luk
-
Michael Bystrov
Институт Управления и Информатики
-
Michael Bystrov
Expert security engineer-auditor – NPP Record
4 others named Michael Bystrov are on LinkedIn
See others named Michael Bystrov