Viewpoints

2020 has undoubtedly seen the acceleration of digital payments globally and, alongside this, the need to ensure that your payments system can handle not only this shift, but also the unknown, has become even more relevant – writes Alexey Osipov, EVP & Managing Director, MEA at Compass Plus Technologies.

Did you know that the average weight of a plastic card is 5 grams and by the beginning of 2020, 5.6 billion payment cards were issued worldwide - the total weight of which was 28 million kilograms.

Anatoly Kaptsan, Chief Software Architect, discusses the capabilities fintechs should look for when designing or buying a payments platform and how the choice of how they implement their platform today – whether to build, buy or a combination of the two - will affect the future of their business (page 31).

We asked Gary Dunsmore, Projects Director at Compass Plus, to answer some questions on how Compass Plus are managing projects remotely through the global pandemic. Gary covers everything from interrupted zoom calls to projects going live during these strange times.

Maria Nottingham, EVP, discusses how, in 2020, any system fundamental to, and at the heart of an FI's business, has to be technologically capable and have unrivalled future-proof interconnectivity, natively ingrained into the very nature of the underlying platform (pages 16-18).

When a bank, payment service provider or Fintech assesses their technological requirements, it is safe to assume that these will be completely different.

When it comes to usability in the payments industry, customer experience and security always seem to be at loggerheads with one another.

Digital innovation around the world has revolutionised the way the average person makes payments. It’s not just about cash and cards anymore.

Compass Plus' response to COVID-19

Igor Simonov, AVP, Business Development & Sales Manager, APAC, addresses the necessity for financial institutions in Asia Pacific to reconsider their fraud management strategy.