Concord Fintech Solutions open fintech ecosystem is expanding its market presence and reaching the international level. This was stated by its founder Elena Sosedka during her online speech on January 28 at the international conference FINTEX Online in Azerbaijan.
She also stressed that one of the elements of the ecosystem - the ProCard processing center - became the first Visa-certified Visa partner in Southeast Europe under the Ready for Fintech Enablers program.
“At the moment, ProCard has several banks on board, including foreign ones. This is an important case in Ukraine, when a processing company provides processing services to other participants in the international market. In addition, at the end of last year, ProCard was the first in Southeast Europe and the CIS to receive the status of a partner of the Visa Ready for Fintech Enablers program”, said Sosedka.
According to her, the goal of Concord Fintech Solutions to reach the international level is to establish cooperation between different market participants and provide its infrastructure to companies that plan to offer their customers new fintech products.
“The ecosystem is based on a win-win strategy. In collaboration, we see more potential for the development of the fintech industry than in competition. Only in partnership and synergy can we create a truly breakthrough and innovative product on the market”, summed up Elena Sosedka.
It will be recalled that Concord Fintech Solutions is the first open fintech ecosystem in Ukraine, within which financial market participants can create and develop their own fintech projects. Unified infrastructure is formed by ConcordBank, independent processing center ProCard, payment service ConcordPay, IT company MustPay, billing system MassPay, which provide a variety of solutions on the market, as well as a number of in-depth expertise of teams. In addition, within the framework of the CSR policy, an important place in the ecosystem is occupied by the DobroDiy digital charity exchange, which, thanks to the ecosystem's tools, has broad technical capabilities. For example, the DobroDiy platform accepts donations online and uses chat bots to collect donations and hold charity events.