Viktoria Soltesz as a Guest on Risk Explained - by Anna Stylianou

The latest episode of Risk Explained, hosted by Anna Stylianou, invited Viktoria Soltesz to discuss one of the biggest blind spots in business: payments and banking.

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

During the conversation, Viktoria explains why "money only works because we trust it," why "one bank account is not a bank account," and why choosing a payment provider based on price alone can become one of the most expensive decisions a business ever makes.

She also expains why businesses should stop making payment decisions on gut feeling and start treating payments and banking as a strategic business function.

Today, the ones who manage payment and banking tasks are not adequately trained to do so. Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs. 

The episode also explains why banks suddenly close accounts after years of working together and how frozen funds can affect businesses that have done nothing wrong.

The episode reveals why independent payment advice matters, and how commission driven introducers ruin the industry for everyone - and shall never be trsuted.

If you are a business owner, CEO, CFO, compliance professional or anyone responsible for payments or banking decision in a company, this episode is well worth watching.

It shares practical examples, clear explanations and lessons that can help businesses avoid expensive mistakes before they happen.

You can watch the whole episode here: https://www.youtube.com/watch?v=DS9Ugt7tExo