Paypugs, a payment service provider, announced on Friday that it has partnered with Lithuania-regulated Verifo to further expand banking and payment possibilities.
The partnership will enable the two companies to enhance their services in the international money transfer market.
“It’s great to see another
fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term company that believes in providing personalized financial services,” said Alexander Zelinsky, Paypugs’ Chairman of Board.
“In the fintech landscape, partnerships are essential. Not only do they make us faster but also better. PayPugs is delighted to have established a relationship with Verifo in order to achieve better, faster, and cheaper financial services in today’s competitive markets.”
Licensed Services
Verifo operates with an electronic money institution license and is regulated by the Bank of Lithuania. It offers Banking-as-a-Service (BaaS) and
Software-as-a-Service (SaaS
Software-as-a-Service (SaaS)
Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms offer cloud trading services through PaaS, popular investment entities such as JPMorgan Chase released software as a service trading software known as Athena, where traders can better monitor risk while running in-depth analysis on investments. How is SaaS Used?More recently, Goldman Sachs licensed access to its risk management system, SecDB while other industry players such as MSCI the bank, and Bloomberg have become increasingly involved in the applications of SaaS within the fintech industry. Outside of retail trading, SaaS is becoming increasingly invested within the financial markets. Indeed, venture capitalists have already begun investing in SaaS startups.Companies such as Amazon Prime, Spotify, and Netflix are other forms of SaaS that would have issued exponential dividends if investors amassed the stocks during their initial public offerings. SaaS companies are classified as B2B (business-to-business) or B2C (business-to-consumer). The example including streaming conglomerates such as Netflix is an example of a successful B2C SaaS While the streaming examples just shared (Netflix) are examples of a B2C SaaS, examples of B2B SaaS include Dropbox, Adyen, MailChimp, and EverNote.
Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms offer cloud trading services through PaaS, popular investment entities such as JPMorgan Chase released software as a service trading software known as Athena, where traders can better monitor risk while running in-depth analysis on investments. How is SaaS Used?More recently, Goldman Sachs licensed access to its risk management system, SecDB while other industry players such as MSCI the bank, and Bloomberg have become increasingly involved in the applications of SaaS within the fintech industry. Outside of retail trading, SaaS is becoming increasingly invested within the financial markets. Indeed, venture capitalists have already begun investing in SaaS startups.Companies such as Amazon Prime, Spotify, and Netflix are other forms of SaaS that would have issued exponential dividends if investors amassed the stocks during their initial public offerings. SaaS companies are classified as B2B (business-to-business) or B2C (business-to-consumer). The example including streaming conglomerates such as Netflix is an example of a successful B2C SaaS While the streaming examples just shared (Netflix) are examples of a B2C SaaS, examples of B2B SaaS include Dropbox, Adyen, MailChimp, and EverNote.
Read this Term) options, including EU IBAN provision, card issuance, and SEPA & SWIFT payments procession.
The latest partnership came when Paypugs is focused on taking third-party partners for enhancing its services and also signing up business-to-business (B2B) clients. In November, the company Wallester, a company licensed by the Estonian Financial Supervision Authority and an official Visa Principal Member. Furthermore, it also inked a deal with online trading platform BDSwiss to handle client deposits and withdrawals.
“We’re happy to provide our partner PayPugs with smooth, set-to-use, and, at the same time, easily scalable BaaS solutions to start their own fintech business without struggling with the regulation issues, software development, and resource-intensive operational management,” VERIFO CEO, Mantas Staliūnas.
“Verifo philosophy implies a rapid business deployment under the consulting team’s watchful eyes and full-time competent customer support literally one call away, together with strong and accurate attention to compliance and legal procedures.”
Paypugs, a payment service provider, announced on Friday that it has partnered with Lithuania-regulated Verifo to further expand banking and payment possibilities.
The partnership will enable the two companies to enhance their services in the international money transfer market.
“It’s great to see another
fintech
Fintech
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices.
Read this Term company that believes in providing personalized financial services,” said Alexander Zelinsky, Paypugs’ Chairman of Board.
“In the fintech landscape, partnerships are essential. Not only do they make us faster but also better. PayPugs is delighted to have established a relationship with Verifo in order to achieve better, faster, and cheaper financial services in today’s competitive markets.”
Licensed Services
Verifo operates with an electronic money institution license and is regulated by the Bank of Lithuania. It offers Banking-as-a-Service (BaaS) and
Software-as-a-Service (SaaS
Software-as-a-Service (SaaS)
Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms offer cloud trading services through PaaS, popular investment entities such as JPMorgan Chase released software as a service trading software known as Athena, where traders can better monitor risk while running in-depth analysis on investments. How is SaaS Used?More recently, Goldman Sachs licensed access to its risk management system, SecDB while other industry players such as MSCI the bank, and Bloomberg have become increasingly involved in the applications of SaaS within the fintech industry. Outside of retail trading, SaaS is becoming increasingly invested within the financial markets. Indeed, venture capitalists have already begun investing in SaaS startups.Companies such as Amazon Prime, Spotify, and Netflix are other forms of SaaS that would have issued exponential dividends if investors amassed the stocks during their initial public offerings. SaaS companies are classified as B2B (business-to-business) or B2C (business-to-consumer). The example including streaming conglomerates such as Netflix is an example of a successful B2C SaaS While the streaming examples just shared (Netflix) are examples of a B2C SaaS, examples of B2B SaaS include Dropbox, Adyen, MailChimp, and EverNote.
Software-as-a-Service (SaaS), is defined as a subscription-based software licensing model that is nested through external servers. Generally accessible through an Internet connection, SaaS requires users to log into the system by using credentials such as a username (or email) and passwords. One of SaaS’s biggest advantage would be that users aren’t required to download software onto their devices but rather only require an Internet connection to gain program access. While many trading platforms offer cloud trading services through PaaS, popular investment entities such as JPMorgan Chase released software as a service trading software known as Athena, where traders can better monitor risk while running in-depth analysis on investments. How is SaaS Used?More recently, Goldman Sachs licensed access to its risk management system, SecDB while other industry players such as MSCI the bank, and Bloomberg have become increasingly involved in the applications of SaaS within the fintech industry. Outside of retail trading, SaaS is becoming increasingly invested within the financial markets. Indeed, venture capitalists have already begun investing in SaaS startups.Companies such as Amazon Prime, Spotify, and Netflix are other forms of SaaS that would have issued exponential dividends if investors amassed the stocks during their initial public offerings. SaaS companies are classified as B2B (business-to-business) or B2C (business-to-consumer). The example including streaming conglomerates such as Netflix is an example of a successful B2C SaaS While the streaming examples just shared (Netflix) are examples of a B2C SaaS, examples of B2B SaaS include Dropbox, Adyen, MailChimp, and EverNote.
Read this Term) options, including EU IBAN provision, card issuance, and SEPA & SWIFT payments procession.
The latest partnership came when Paypugs is focused on taking third-party partners for enhancing its services and also signing up business-to-business (B2B) clients. In November, the company Wallester, a company licensed by the Estonian Financial Supervision Authority and an official Visa Principal Member. Furthermore, it also inked a deal with online trading platform BDSwiss to handle client deposits and withdrawals.
“We’re happy to provide our partner PayPugs with smooth, set-to-use, and, at the same time, easily scalable BaaS solutions to start their own fintech business without struggling with the regulation issues, software development, and resource-intensive operational management,” VERIFO CEO, Mantas Staliūnas.
“Verifo philosophy implies a rapid business deployment under the consulting team’s watchful eyes and full-time competent customer support literally one call away, together with strong and accurate attention to compliance and legal procedures.”
Source: https://www.financemagnates.com/fintech/news/paypugs-to-enhance-banking-payments-services-with-verifo-partnership/