decisions , review specific corporate behaviour and personalise hedging and risk management strategies .”
Technology underpinning payments processing Payment processing is a critical function for neobanks , requiring speed and reliability . Lucian Daia explains that neobanks use different technologies for various payment channels , integrating high-throughput communication technologies and reducing processing steps to ensure speed and integrity .
“ The technology used to initiate and process payments depends on the payment channel - account to account ( such as SEPA IcT ) or card -based ,” he says .
“ While the protocols are different , both channels should ideally be integrated using technologies that allow high-throughput low-level communication . In addition to this , reducing the number of processing steps and systems involved in authorising a transaction ( while preserving security and data integrity ) is essential to avoid long processing times .
“ Two essential aspects we always prioritise while implementing FinTech projects are transaction completion ( through multiple attempts , channels and techniques ) and transaction integrity . While speed is important , making sure a payment transaction correctly and successfully goes through is essential .” fintechmagazine . com 79