One primary factor that distinguishes “Fintech challengers” from traditional banking is their flexibility and ability to adapt to the ever changing consumer expectations and demands. However, there are two conflicting forces in the world of Fintech. On the one hand, an organisation has to move quickly and bend to the will of its (new) customers in terms of features and functionality, but on the other hand finance is one of the most regulated industries in the world, meaning that one has to adhere with compliance, incorporate tested security and fraud prevention, i.e. things which are in their very nature slow.
Ideally, the stack which you rely on should give you freedom to keep many options open. You should be able to pivot the design and functionality in accordance with new regulations and market opportunities that arise with them, both quickly and securely.
Stability and security are core values for Pannovate. It is vitally important that all our products offer the highest quality, compliance and stability and most of all we understand its importance to our customers.
Pannovate has over 20 years of experience in Fintech and Payments, one of the most heavily regulated sectors, so we understand the pressures of these regulations on any new fintech. Not only have we employed all the latest security standards but we are also up to date with how we treat data.
We are GDPR and PSD2 compliant and have ISO 27001, ISO9001/2 and ISO14001 certificates which ensure we treat any data securely and safely and also ensure all our customers do too. All Pannovate products have Security and Compliance Excellence Road Maps as standard, which are included in our monthly updates, so you can be sure you’re in safe hands.