The Chairman of the Supervisory Board of ConcordBank and the founder of the open fintech ecosystem Concord Fintech Solutions Olena Sosiedka during her speech at the forum "Stable Ukraine: Economy against Covid" told about the successfully implemented cases within the ecosystem over the past six months.
“The goal of the Concord Fintech Solutions ecosystem is to create and strengthen connections both between its participants and between customers. This approach and philosophy of openness is an excellent basis for building effective partnerships and creating innovative products. We want Ukrainian technologies and products to enter the international market and be in demand, and foreign fintech companies - to start easy a business in Ukraine”, - emphasized Olena Sosiedka
She also spoke in detail about the case of an international partnership with Alif Bank from Tajikistan, which was connected to the ProCard processing center.
"It is the first digital bank in the country and one of the most technological banks in Central Asia. Thanks to the connection to our processing, the bank can issue Visa cards, connect acquiring to its business clients and develop the ATM network. We also helped them connect to the local payment system "Korti Milli" and the Chinese "China UnionPay", - said the founder of the ecosystem.
In addition, one of the most striking examples of cooperation of ecosystem elements with players in the international fintech market is the case of integration of mobile account balance with card account of one of the neobanks in Kazakhstan.
“ProCard processing center as part of the Concord Fintech Solutions ecosystem has been cooperating with our mobile operator “Beeline Kazakhstan” for 9 months ». The result of this cooperation was a mobile neobank Simp!y with a unique functionality - a card account integrated with the mobile phone balance. In addition, thanks to the ProCard, in the CEMEA region the card number includes the customer's phone number for the first time”, – said Serhii Holovan, the Development Director of Beeline Kazakhstan.
Let us remind you that Concord Fintech Solutions is the first open fintech ecosystem in Ukraine, within which participants of financial market can create and develop their own fintech projects. The unified infrastructure of the ecosystem is formed by ConcordBank, independent processing center ProCard, payment service ConcordPay, IT-company MustPay, billing system MassPay, as well as the Charity Exchange "DobroDiy".