The Pain of Payments - Why Brokers Struggle Behind The Scenes - Article by Viktoria Soltesz at the Game Changers Magazine

The latest edition of Game Changers Magazine, is featuring an article by Viktoria Soltesz at PSP Angels.

For many FX brokers, CFD firms, and prop trading companies, the biggest challenge is payments.

Clients expect instant deposits, fast withdrawals and seamless onboarding. But behind the scenes, companies have to navigate a complex web of compliance requirements, documents, tech to satisfy the banks and payment providers. Liquidity management and cross-border regulations are extra hard for this high risk industry.

The issue is that payment operations become increasingly fragmented.

Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, sales and growth and more. We believe that it should be considered a standalone function, an essential element of the business strategy, not just a part of finance.

You can read the full article in the latest edition of Game Changers Magazine here The latest edition of Game Changers Magazine, is featuring an article by Viktoria Soltesz at PSP Angels.

For many FX brokers, CFD firms, and prop trading companies, the biggest challenge is payments.

Clients expect instant deposits, fast withdrawals and seamless onboarding. But behind the scenes, companies have to navigate a complex web of compliance requirements, documents, tech to satisfy the banks and payment providers. Liquidity management and cross-border regulations are extra hard for this high risk industry.

The issue is that payment operations become increasingly fragmented.

Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, sales and growth and more. We believe that it should be considered a standalone function, an essential element of the business strategy, not just a part of finance.

You can read the full article in the latest edition of the Game Changers Magazine here https://issuu.com/paulgc/docs/game_changers_issue_54