The 10 Renowned E-Banking Solution Providers of 2023

THE BUSINESS F ME Inscribe Your Business Stories THE 10 RENOWNED E-BANKING SOLUTION PROVIDERS OF 2023 Wolfgang Zulauf CEO & Founder Enabling Clients and Businesses to Make Sound Financial Decisions www.thebusinessfame.com Special Edition | February 2023



Revolutionizing Financial Management and the Competitive Landscape The advent of digital technology has accounts, blockchain banking, and trade financing revolutionized the way people manage their services to customers worldwide, operating under its finances. E-banking has emerged as a offshore license. Wolfgang Zulauf, who has been the popular solution that enables users to access financial CEO since the bank's inception in November 2008, services from the comfort of their homes or on-the- also presently serves as the Chairman of the bank. go. With the rise of e-banking, there has been a growing demand for e-banking solution providers Prior to founding SUISSE BANK, Wolfgang Zulauf that can deliver secure, reliable, and user-friendly amassed significant experience in private and platforms. corporate offshore banking, holding CEO positions in various banking institutions across London, Moscow, The e-banking industry has witnessed a surge in and the Middle East. He is an expert in handling competition, with several solution providers vying complex financial transactions in new countries, a for market share. In this crowded landscape, it's skill acquired through his vast experience. His important for e-banking solution providers to experiences have taught him valuable lessons in differentiate themselves by offering innovative customer management, service delivery, and product features and excellent customer service. offerings. Wolfgang Zulauf is a German national who The business Fame's latest edition “The 10 Renowned is fluent in German, English, Russian, and French. E-Banking Solution Providers of 2023” has featured He studied economics in Cologne, Germany, and e-banking solution providers which stay ahead of the currently maintains a private office in Monte-Carlo, curve by offering innovative features, excellent Monaco. customer service, and robust security measures. By focusing on these key factors, e-banking solution In this special edition, let us share similar, interviews providers can build trust with their users and with many such dedicated organizations in order to establish themselves as leaders in the industry. raise awareness about their contributions to making the world a better place. The cover has SUISSE BANK is an offshore banking establishment that offers digital private and corporate Let's Begin!



Renowned E-Banking Solution Providers of 2023





Enabling Clients and Businesses to Make Sound Financial Decisions Cover Story

Wolfgang Zulauf CEO & Founder

Finance management is an essential aspect of company and identify areas that need running a successful business, and it's crucial for improvement. By analyzing financial both business leaders and entrepreneurs. Effective information, business leaders and finance management helps business leaders and entrepreneurs can assess risks and make entrepreneurs make informed decisions about where to decisions that minimize potential losses. allocate resources to maximize returns. A robust finance A good understanding of their financial management system allows businesses to create detailed position, business leaders and entrepreneurs plans and budgets, which help them stay on track and can make informed investment decisions that achieve their goals. can help their company grow. By tracking financial data, business leaders and Effective finance management is critical for entrepreneurs can monitor the performance of their attracting investors and securing funding for a business. Investors want to see a well-managed business with a clear financial strategy. Entrepreneurs and businesses must trust those with expertise and a wealth of experience in the industry, like Wolfgang Zulauf. Wolfgang Zulauf, the CEO and Chairman of SUISSE BANK, is a formidable force in the banking and finance industry. With a background in private and corporate banking, he has always been driven to further his professional development and expand his knowledge in various areas of finance. This dedication to learning has earned him top leadership positions at premium banking institutions in London, Moscow, and the Middle East. Satisfying his entrepreneurial spirit, Wolfgang founded SUISSE BANK, an offshore bank offering comprehensive banking and finance solutions to a global clientele. As a highly regarded offshore banking institution, SUISSE BANK provides expert financial advice to its prestigious clients, enabling them to make sound financial decisions. With a reputation built in private and corporate offshore banking, investment banking, trade finance, cryptocurrency trading, and asset diversification, Wolfgang has left an indelible mark in the financial industry. The Bank SUISSE BANK provides a comprehensive suite of services for both private and corporate clients. With extensive experience in trade finance solutions and digital banking, the bank is a leader in innovative blockchain banking services.

Recognized as one of the top trade finance expertise, Wolfgang Zulauf is a valuable asset to any banks, SUISSE BANK is known for its reliable organization in the financial sector. and prompt services, as well as its professional approach. The bank also offers cryptocurrency Resolving Major Financial Issues trading services through its cutting-edge blockchain banking platform. The focus is on Wolfgang Zulauf and SUISSE BANK ackle the making the process simple and accessible, with challenges in the banking and finance industry a user-friendly crypto-wallet and a secure head-on. By offering fast and efficient digital proprietary back-end system. They offer a range services, they make the process of offshore banking of specialized trade finance products, ensuring accessible to everyone. Their goal is to streamline clients have the right solutions for their needs. the process and eliminate the need for physical presence. They also offer multi-currency trading All- in-one Wallet When customers open an account with the bank, they get access to an All- in-one Wallet that comes with a plethora of benefits. These include digital private and corporate bank accounts, cryptocurrency trading with fiat liquidations in under 30 minutes, and an exclusive debit card powered by MasterCard. Trade Finance For businesses considering expansion, import and export, SUISSE BANK offers a wide range of trade finance products that include Bank Guarantees, Standby Letters of Credit, Documentary Letters of Credit, Proof of Funds, and Warranties. Biggening Revolutionary Impact in the Sector Wolfgang Zulauf is a seasoned veteran in the financial sector, with a deep understanding of both the fundamentals and the intricacies of the economy and business operations. With his extensive experience and specialization in the banking industry, he has established a reputation as a leading expert in private shareholder banking in Europe. Throughout his career, Wolfgang has helped numerous businesses boost their trade volume through his financial services and facilitation tools. He believes in the importance of personal connections with clients, taking the time to understand their unique challenges in order to provide tailored financial solutions. He is a strong advocate for investing in foreign markets, recognizing the crucial role it plays in the global growth of businesses. With his vast experience and unparalleled

options to help businesses navigate the volatility of the suggests always keeping clients informed about the latest foreign exchange market. market trends and the impact they may have on their investments. By maintaining open communication and Moreover, Wolfgang places a strong emphasis on being transparent about all business dealings, security and privacy. He operates in a jurisdiction that entrepreneurs can build a positive reputation and values discretion, ensuring that clients' wealth and assets establish a loyal client base. are protected from any unwanted attention. This gives clients peace of mind, knowing that their financial Wolfgang also believes in the power of teamwork and matters are being handled by a professional who collaboration. He recognizes that success in business is understands the importance of confidentiality. not solely dependent on individual efforts but rather the collective efforts of a team. By fostering a supportive In summary, Wolfgang Zulauf and Suisse Bank provide a and inclusive work environment, businesses can not only comprehensive solution to the challenges faced by increase their chances of success but also promote businesses in the finance industry. They make offshore employee and job satisfaction. banking fast, secure, and accessible to everyone, while also providing the necessary support and expertise to Wolfgang suggests being adaptable and flexible in the help businesses make informed financial decisions. face of change. In today's rapidly changing business landscape, it's crucial to be open to new ideas and Insights on Success technologies, and to be willing to pivot when necessary. By staying ahead of the curve and being adaptable, One of important aspects of Wolfgang's success is his businesses can not only survive but thrive in an ever- willingness to continuously learn and improve his skills. changing market. He recognizes that the business world is constantly evolving and that it's crucial to stay ahead of the curve. Wolfgang's success story showcases that success in This can be achieved by attending industry events and business is not just about good luck but rather a conferences, reading relevant books and articles, and combination of hard work, continuous learning, surrounding oneself with successful and knowledgeable networking, and calculated risk-taking. By following individuals. these principles and having a clear-cut vision and goal, young entrepreneurs can increase their chances of Wolfgang also emphasizes the importance of networking success and achieve their aspirations. and building strong relationships within the industry. He believes that by developing genuine connections with SUISSE BANK PLC other professionals and forming mutually beneficial United Tower, Level 29, Building 316, Road 4609 partnerships, one can not only increase their own Manama - Sea Front 346 Bahrain opportunities but also learn from the experiences of others. T: +973 (0) 16 555 071 F: +973 (0) 16 555 001 Wolfgang stresses the significance of taking calculated risks in business. He recognizes that no opportunity [email protected] comes without its fair share of risks, but by thoroughly www.suissebank.com evaluating each situation and devising an effective plan of action, one can increase their chances of success. He suggests not being afraid to take risks, as long as they are calculated and well thought out, as they can lead to great rewards. Message to Emerging Leaders Moreover, Wolfgang believes that being transparent and honest with clients is essential for building trust and establishing long-lasting business relationships. He



FINAVATOR Providing Financial Services through Technology 14 | 2023

Following is an Interview between The Business Fame Magazine and Michelle Beyo, who shares her journey and contribution through FINAVATOR. 1. Being a successful business leader, believe that open banking is critical to banks assess Fintechs and choose the what difficulties and challenges do empowering consumers, competition, best innovation partners to help them you face? What keeps you and innovation as well as helping expand their client base. Conversely, it motivated? Canada stay globally competitive as stands behind Fintechs, assisting them the world moves towards open finance. in developing innovative products, The biggest risk that I have taken was marketing strategies, and enterprise to leave the corporate world after over 2. Brief us about the CEO/Founder alliances in order to reach new client 20 years to start my own company, of the company. segments. Its extensive experience in FINAVATOR, just after building my FinTech Marketing, Open Banking, confidence to combat imposter Michelle Beyo is the CEO & Founder Payments & Prepaid Solutions, syndrome and apply to the Money of FINAVATOR. She is also a strategic Challenger Banks, Micro Loans, 20/20's RiseUp program. In July 2019, advisor to multiple Fintechs, a Money Rewards, and Loyalty backs its I was fortunate to win one of only 20/20 RiseUp alumni, a Global expertise. FINAVATOR specializes in thirty global spots to join Money Council Member for Women in two particular areas: Open banking and 20/20's RiseUp program in Las Vegas; Payments, the Membership Chair at payments. It partners with clients to Money20/20 is renowned for Canadian Prepaid Providers develop innovative payment and digital organizing the largest global events Organization (CPPO), a Payment services that help businesses stay enabling payments and financial Advisor for National Crowdfunding competitive, provide customized services innovation. Therefore, and Fintech Association (NCFA), as solutions, and pursue additional winning as one of the two Canadians well as a Board Member at Open revenue streams. selected worldwide was a dream come Banking Initiative of Canada (OBIC). true for me. But I also viewed this Passionate about enabling financial 4. Tell us about the notable opportunity as a big responsibility, as I inclusion, faster payments, and driving milestones in the company's journey. wanted to give back and use my Open Banking forward in Canada, knowledge and incredible network to Michelle started FINAVATOR. With At FINAVATOR, we have always held push FinTech companies forward. over 20 years of extensive industry the belief that the achievements of one Building a company overnight with no experience driving innovation across of us are the achievements of the funding was far from an easy task. the retail and payments industry, whole team, because all our success is Even though I had always wanted to be Michelle was named a “Rising Star” by due to the hard work that we put a CEO, taking this risk was a Women in Payments 2018, and one of together every day. With our team, particularly hard decision because, at the “Top 30 Best CEOs of 2021” by FINAVATOR has been able to achieve the time, my family lived on only one The Silicon Valley Review. “Top 30 Best CEOs of 2021” by The income. Then, three years ago, when FINAVATOR was awarded “Most Silicon Valley Review and was my best friend passed away after a 4- Influential Leader in Fintech awarded “Most Influential Leader in year battle with colon cancer, I knew Consulting – Canada” in 2020. FinTech Consulting – Canada” in that life was too short to not take risks 2020. As we move forward into the and follow my dreams. This pivotal 3.What are the different products future and continue to help FinTechs moment serves as my daily dose of and services offered by Company? and incumbents, our team looks motivation. As the CEO of forward to achieving more incredible FINAVATOR, I use my knowledge to FINAVATOR is an award-winning milestones. help FinTechs expand faster, help strategy consultancy that specializes in banks drive innovation and help move bridging the gap between FinTech and 5.What is your opinion regarding the the open banking discussion forward. I traditional banks. It helps traditional current landscape of the market The 10 Renowned E-Banking Solution Providers of 2023

your company caters to? FINAVATOR. company in the years to come? The financial industry landscape has 6. How do you motivate your team to seen a lot of changes ever since the be innovative and productive at FINAVATOR has always been a strong COVID-19 pandemic. First, the work? advocate for Open Banking in Canada pandemic accelerated innovation, as well as payments modernization. As customer adoption of new Creative thinking is essential in the a board member for the Open Banking technologies, and evolved customer work that we do at FINAVATOR, and Initiative of Canada (OBIC), behaviour. Innovation and change that we have a flat company structure that FINAVATOR is one of the trailblazers would have taken ten years to see now really enables it. I try to nurture an and thought leaders when it comes to took place in a matter of months. It open-minded and collaborative advancing an Open Banking was exciting to see the creative and environment where all my team feels framework that is inclusive of all innovative solutions that companies free to speak their minds, pitch their industry stakeholders. Over the past implemented to continue to connect ideas and propose any changes or few months, we have seen a lot of with their customers and employees, improvements. I always give my movement and discussion across both and how their product offerings employees a lot of autonomy in their the US and Canada with regards to the evolved to fit the digital shift that took work and allow them to attempt implementation of Open Banking. As place during the pandemic. As more solving problems the way they see fit industry players and government and more of the world gets vaccinated, first because I bodies begin to move forward with I am interested to see which new appreciate learning from their having a realized Open Banking consumer behaviours stick and what perspectives. Encouraging people to framework, there will be many pandemic innovations will become the learn from their mistakes is also part of regulatory, educational, and new normal. The second and more the process. I think it is equally cybersecurity-related issues faced by disheartening piece that I observed was important to show trust in my many across the Canadian financial how the pandemic highlighted the employees as I have great confidence services industry. During this time, ways in which Canada is dangerously in my team and their capabilities. FINAVATOR will hold a unique place falling behind other countries in the market as an expert of Open regarding open banking. First to 7. How do you maintain a productive Banking and will be distinguished in market players, such as the UK, were work culture at a company while the market by being able to help able to leverage their open banking motivating your FinTechs, Banks, and other framework to support small businesses employees? stakeholders adapt to the changing and consumers and jump-start their landscape. recovery from the pandemic. Over the It was my enthusiasm, passion, and past few months, we have heard stories two decades of extensive experience in 9.What is your advice to budding of Canadian small businesses driving innovation across the retail and and aspiring entrepreneurs? struggling and feeling confused, and payment industry that made me start frustrated Canadians trying to access FINAVATOR in the first place. Within Building a start-up is always a huge unemployment insurance. There needs two years, my fervour outshined as I endeavour that comes with a lot of to be a better solution in place for placed FINAVATOR in a unique risks. Make sure that it is something Canadian consumers, and that Canada position within the Canadian financial you're passionate about. Think big, needs to move forward today with space. I am lucky to have a team that keep looking for the right avenues and open banking. With the release of the shares the same vision and follows the view obstacles as opportunities. More Final Report from the Advisory same Golden Rule of treating people as importantly, get yourself a good Committee, there is still a lot of work you would like to be treated. This mentor and grow your network – to be done to modernize the Canadian enabled me to build a flexible culture learning from other experiences as well financial services sector. I look forward and a nimble workforce dedicated to as mistakes can help you make better- to continuing advocating for open problem-solving in their own unique informed decisions while exchanging banking through my position in OBIC, style. knowledge will make networking more and simultaneously, helping Banks and purposeful, and open more future FinTechs to navigate the new 8. What are your future plans for the opportunities for your business. environment to come through company? Where do you see the 16 | 2023







What is the true meaning of innova on in Finech? Is it about incorpora ng new technology in finance or is it about bringing new services and offerings to the end-user? Innovaa on in FinTech is all about beter meee ng customer needs, that too at a lower cost, and conveniently, at a reduced turn around me. It is about improving the lives of colleagues and customers; it is also about improved return on equity from a corporate perspec e through efficiency and heightened compe t eness. Not to men on, within our ver- growing digital world, the Covid-19 pandemic has only accelerated our dependency on digital technology. We have witnessed fundamental shi s in cutomer behavior leading to increased usage and demand for cashless or contactless solu ons. Therefore, FinTech is there to support such change or evolu on in behavior paterns through the supply of such solu ons. 20 | 2023

At the same me, Fi tech is being called upon to bring Customer-Oriented Services new solu ons o exiss ng oblems or simply to redefine needs that never existed before. In the future, open PEX understands that the customers seek a secure, modificaa on, a anced use of blockchain powering flexible, and scalable paymennts solu ons t t can adapt technologies, biometrics, complex algorithms, and to a rapidly changing payments environment. In recent hybrid Robo- advisors will dominate FinTech innova on. years, PEX has shifed its primary focus on the development of alterna e channels such as e- Incepted on such approaches at the forefront of commerce, e-wallet, and contactless services perceiving financial technology, PEX is an payment service provider, the much-needed security around the world. founded in May 2008, catering to banks locally and globally. Leveraging over a decade of legacy, PEX has Furthermore, all the solu ons o ered by PEX are EMV been constantly looking for advancements in the compliant i.e. the services offer customers and partners growing industry and to decrease the complexity of state-of-the-art transac on security and d ta payment related issues. traceability. In addi on o that, the investment is equally being routed to systems architecture that links exis ng PEX was founded by Sailesh who also helms the CEO client management so are and internaa onal yment du es t the firm. He holds a DBA Technology systems alongside enhanced capabili es such as fully Entrepreneurship from Walden University, U.S.A, and is personalized card issuing to e and m-commerce also a member of the Mauri us Ins t e of Directors payment gateways, acquiring services, and fraud (MIoD). He carries the personality of being an adaptable protec on. and highly experienced IT professional cum e-banking strategist from both technical and business perspec es. Services at a Glance Prior to establishing PEX, he worked at State Bank of PEX delivers various services such as card management Mauri us or 22 years at various levels in IT, system, ecommerce platorm and other digital services Interna onal Business, and has also been heading etail with the help of various market-leading service Banking and Electronic Channels at the bank. He has providers to handle all theaspects of ATM management, also served as an Adviser to VISA Board for Central billing, mobile and contactless payments, se leme t, Europe, Middle East, and Africa region for 7 years. point of sale, card issuing and acquiring, microfinance The 10 Renowned E-Banking Solution Providers of 2023

and electronic payment processing on a single platorm. Mobile Banking - Delivers improved self-card Some of its highlights are: management with features such as viewing and transfer of purse balances, transac on hitory, PIN change, and Switching - Refers to the so are capable of receiving ATM loca on – as cutomers demand instant access to transac on equests from different interfaces and their banking services through their mobile devices. obtaining authoriza on or trransac onomplele on. High performance, real- me authoriaa onwitching, issuers, PEX for Future acquirers, and processors can manage the fast-moving payments landscape and deliver the best levels of For the forthcoming years, PEX is posi oning itself as the service to their customers. 'go-to' fintech company when it comes to the supply of the latest technology to the financial industry. Whilst ATM Management –Provides fraud preven on and staying at the forefront of emerging technologies, PEX is other management tools for the machines. equally conscious of the growing compe on as ell as the restrained local market. Cards & Wallet Management – Supports credit, debit, and prepaid cards straight out of the box. It also offers support Talking about the strength and future perspec es of for specialist card types like corporate, travel, and campus the company, Sailesh quoted, “Our Future lies in the cards, as well as virtual cards, e-wallets, and emerging sustained and efficient development of improved client payment instruments. solu ons with the help of emeging/ latest technology and AI. Efffec veness of the supplied solu on, secur, Merchant Management - Assists merchants and and cost stay our strengths and leveraging thereon we retailers to manage payment processing and will con nue o expand locally and in the Africa region compliance, while also enabling acquirers to easily and poten ally MENA in the medium o long term.” manage merchant rela onships. Fom setup to asset management, it delivers a superior level of service to merchant networks. E-commerce suite - Provides a secure, state-of-the-art gateway for internet payment processing. It removes customer dependence on third par es or chooses individual components to enhance an exis ng i ternet payment platorm. Fraud Prevenn on - The solu on uses a sophis ated rules-based engine to rapidly isolate suspicious transac ons in real- me, enabling us s to prevent fraud from afffec ngelevant customers. Mobile POS – Combines a Smartphone with a card reader that helps create a low-cost Point of Sale (POS) device for seamless customer experience and increased business efficiency. 22 | 2023







TOP FINTECH TRENDS To Watch In 2023 Humans need objec ves. Being suscep bleo errors, we're always in search of an upgrade and this is where the ever- changing trends come in! For businesses, the upcoming ten months are going to be exci n , challenging, and demanding, especially in the fintech industry, as per the industry forecast. Financial technology has come a long way in the past few years. It is disrup ng the financial orld like never before. In fact, the industry has advanced to glory with the average growth from 6% in 2015 to 64% in 2019. Alongside developments, its awareness amongst people is now more than ever. Industry giants, startups, and banks have widened their presence in this sector, leveraging industry poten al o create a beter financial ecosystem. With so much development within the industry, let's have a look at the fintech trends that will be much more prominent in 2020. The rise of digital lending solu ons So far, the fintech industry has revvolu oned trtradi onal bank departments and services, equipped them with cu ng e e technologies. To stay relevant in 2020, banking and financial ins tu ons will omplement lending serervices with the adop on of digital technology. 26 | 2023

FROM THE EDITOR Today, these ins tu ons ve merely The advent of blockchain technology to provide new financial products and touched the p of the icebeg when it Another important breakthrough, services. comes to using AI. With the usage of Blockchain holds a significant potenn al AI, firms can have a complete 360° to revolu onie the fintech industry. All of these developments will need look at applicants. In the forthcoming This technology will benefit more compliance and regula ons. months, more organiza ons will organiza ons in dealing with d ta Hence, the year 2020 will also witness leverage AI on alterna e data to breaches. It provides transparency of an increase in RegTech investments provide simple and quick service every single transac on of the and relevant jobs. RegTech will support alongside enhanced decision-making. involved par es. Moeover, its fintech to automate standard decentralized network model secures requirements and handle compliance. Burgeoning adop on of cloud it from cyber-atacks. This rise will also solu ons see more collabora on b tween tech, The year 2020 will also witness the E-commerce, and financial inss tu ons burgeoning adop on of cloud or their core services. Banking and Financial ins tu ons an reduce their dependency on hardware and the related manpower, profi ng on the cloud's pay-on-demand service. With cloud compu n , they will procure and store more informa on about their clients and innovate their services/products. Besides, they can also adapt to the changing market and regulatory developments. The 10 Renowned E-Banking Solution Providers of 2023





SnapCheck Taking Digital Finance to the Next Level 30 | 2023

The FinTech sector has not believe it. There had to be a better has already been done by this undergone a massive way. innovative group of entrepreneurs, transformation in the last and are excited to see how the couple years. Taking specifically So, we created the “paper check projects evolve over the next six digital payments into consideration, killer,” a concept that was validated months,” said Andy Harmening, the need for physically visiting banks and verified when we won Bank of the vice chairman for consumer for our financial needs is now West's North America Hackathon, banking, Bank of the West. “This becoming an increasingly redundant followed by winning the BNP Paribas international hackathon is a clear requirement. International Hackathon shortly example of how both Bank of the Flawless access and utmost thereafter. From these humble West and BNP Paribas are pushing convenience are the primary factors beginnings, we created a way to make forward in the areas of innovation that make digital payment platforms any-to-any payments that are and finance with the goal of our go-to option for all financial tasks. democratic and instantaneous as wells building a better experience for our Undoubtedly, security is a pressing as a fully functional business suite customers – no matter where they concern and companies across the with APIs to customize your offerings live in the world.” world are competitively pacing even further. towards providing customers with the That was the first major validation most secure, easy and rewarding We also believe that every business is point. From there, we've received services. unique. No two are the same with critical acclaim from a number of respect to how they manage payments, sources. In an interview with The Business time horizons, risk profiles, and Fame with Ken Kruszka the Founder personal values. Therefore our tools Here's a list of our major awards: & CEO of SnapCheck providing go- allow you to easily customize our to-market strategy centers around APIs to your business needs. Although Ÿ Global Business Awards Best enablement of our partners to better we provide a standard tool kit for Digital Checking Solution serve their customers and users. business payment and management, you can easily build your own from Ÿ API: World Best in Payments API 1. Brief us about SnapCheck scratch. Ÿ BBVA Startup Walk of Fame journey of rich experience – origin, No matter if you're a large enterprise Ÿ RedHerring Top100 North inception, early issues, success looking for a simple, cost-effective stories, and major milestones, to platform to manage your payments or America Winner name a few. a small business owner looking for a Ÿ Money2020 – Featured Startup tool that reflects your accounting Ÿ Singapore FinTech Festival – A Word from Our CEO needs, SnapCheck provides you with a platform and tools to achieve your Featured Startup A couple years back, while running a unique goals. Ÿ FiNext Top 10 Companies in business, I had a challenge. I wanted to pay the people who worked for me Ÿ Ken Kruszka – Founder & CEO Finance via electronic payments. I asked my Early validation came from winning Ÿ Future of Money & Technology employees how they would like to get the global competition conducted by paid, they all offered up different Bank of the West and BNP Paribas. Startup Winner ways, but in the end the only answer (https://www.bankofthewest.com/abou Ÿ KPMG Top 20 Global FinTech that everyone agreed on was “Just t-us/press-center/press- give me a paper check!” I ended up releases/2015/2015-12-04- Startup blocking 4 days a month just to pay international-hackathon-winners.html) Ÿ Bank Innovation Top Innovators to payroll by paper checks. I thought this just can't be a problem only for me. Here's a quote from a senior exec at Watch So, I asked a few of my friends who Bank of the West: Ÿ CIO Review Top 20 Payments are business owners and they told me they do exactly the same thing. I could “We are impressed by the work that Tech Provider Ÿ Celeriti Hack-the-Core Winner Ÿ BNP Paribas International Hackathon Winner 2. Brief us about the CEO/Founder of SnapCheck. Short Bio – Ken Kruszka The 10 Renowned E-Banking Solution Providers of 2023

Ken is a FinTech and Payments SnapCheck's revolutionary digital Ÿ Founded in 2015 by digital pioneer, who holds the distinction of payments platform gives businesses a payments pioneers. Part of RBC- being the first person to send $1 universally accepted digital payment sponsored EvoNexus FinTech around the world by mobile transfer. form that cuts costs by 70% and fraud Accelerator. In addition to being an accomplished risk by an additional 90% over any executive, leader, and entrepreneur, other payment type, while providing Ÿ Bank-friendly partnership model: Ken also advises early-stage greater payment visibility and control whitelabel-ready platform, companies looking to establish than any other payment form today. licensed on a per digital payment product-market fit and accelerate Through the simple and human- basis. growth on a global scale (mentoring centric user experience of a digital for UnBank Ventures, INV Fintech, check, coupled with our proprietary Partnership Proposal: The Founder Institute, and Village Smart Settlement technology, Bank/Partner can rapidly and Capital). SnapCheck drives payments profitably offer a Partner-branded infrastructure modernization and Digital Checking service, that delivers Ken leads SnapCheck in payments digitization on a global the following outcomes revolutionizing business-to-business scale. simultaneously: payments: eliminating $50 Billion in costs, removing $20 Billion in fraud. SnapCheck's multi-award-winning Ÿ Re-capture of revenue + profit that Previously, as co-founder and CEO of platform includes easy to implement otherwise goes to proprietary m-Via, Ken grew the company into an APIs and pre-built, drop-in Widgets digital payment platforms. industry-recognized leader in mobile that reduce partner integration time to financial services and brought the hours instead of weeks. Compared to Ÿ Ability to capitalize $4+ per paper- company to cash-flow positive before paper checks, SnapCheck is instant, check life-cycle cost-savings, by leading m-Via through an acquisition less expensive (70%), reduces fraud moving clients to digital. by Boom Financial. Ken is a Founding (90%), and provide greater data and Member of the Faster Payments visibility into a business' cash flow. Ÿ Rapid, viral acquisition of new Council, as well as a member of the Compared to ACH, SnapCheck clients, as payees + payors enroll Federal Reserve's Business Payments provides an easier, more intuitive in the Partner-branded service. Coalition and the FedNow payment experience, with reduced Community. Ken has recently been fraud (95%), and greater security and Ÿ Ability to monetize newly- named a Top Innovator to Watch by peace of mind for both payor and digitized money-flow data, across Bank Innovation, a Top FinTech recipient. the new Partner payments Innovator by Aspioneer, and a network. Leading Corporate Digital SnapCheck's go-to-market strategy is Transformation Innovator by not a direct model, but as an enabler SnapCheck Differences versus Databird. for our partners to bring our unique alternatives: and powerful Digital Checking 3. Kindly talk about the exclusive Service to their users through our Ÿ Unlike other digital payment products or services offered by flexible API and whitelabel-ready platforms (e.g. PayPal/Venmo, SnapCheck, How does it distinguish Widgets. cards), which create on-boarding you from your competitors? friction and tax the recipient up to Here's a bit of our sales pitch to 3%, SnapCheck's API-based Problem partners: platform leverages existing client AP+AR processes, and existing B2B payments are trapped in the dark Company: bank infrastructure/rails. The delta ages (dominated by paper checks) and between high client value, and low cost business over $70 Billion in costs Ÿ Whitelabel-ready B2B Digital per-transaction bank cost and fraud annually. Checking-as-a-Service solution. (comparable to ACH), is a profit- Reference customers include generating opportunity for Partner. Solution BBVA. Ÿ Unlike competing Digital Checking platforms, SnapCheck's API-based platform was designed to allow Partner to immediately offer a Digital Checking Service 32 | 2023

Ÿ that is Partner-branded, embedded and users. These partners are financial 9. What advice would you give to within Partner's online banking institutions, accounts payable the upcoming entrepreneurs and portal, and/or customizable to automation providers, mass professionals? match Partner's online banking disbursements companies, interface (i.e. whitelabel-ready). My best advice for entrepreneurs, bookkeepers and accountants, and especially in the fintech industry, is to 4. What is the vision and mission of more. Since we're not specifically really know the industry. As the SnapCheck? working directly with the end-user saying goes “Those who fail to learn business, but through these partners, from history are doomed to repeat it.” SnapCheck is on a mission to we shy away from mainstream So, it pays dividends to study the eliminate paper checks and empower marketing channels and focus on history of the industry that you're businesses to adopt digital payments. industry events and publications to trying to change. Our predecessors SnapCheck helps businesses save time establish these relationships. weren't dumb people. They didn't and money, eliminate fraud, gain purposely make bad choices that visibility into cash flows, achieve 7. How do you portray the future of would hinder future generations. better cash management… within SnapCheck in the next decade? They looked at the current landscape existing back-office processes. and tried to solve problems of the day SnapCheck is leading the global in the best ways they could, with the 5. What is the present scenario of transformation of business payments. best technologies available to them. the Fintech industry? How are you In the next decade, SnapCheck will be So, I believe that it's important to contributing to making it better? the dominate world-wide business understand “how we got here” before payments network converting the we can really determine the best path We live in the golden age of Fintech. $100 Trillion dollars in business forward. In just the past few years, the amount transactions that are today still of change in financial service has been conducted on paper check into fast, 10. What is the current industry astounding. For SnapCheck, we're secure digital payments. scenario from your perspective? driving payments modernization and leading the transformation of business 8. With respect to your distinctive We are living in the golden age of payments which have traditionally products and services, how have fintech. The banking and financial been stuck in the dark ages (conducted you helped bring positive services industry, as well as on paper checks), helping companies developments in the fintech businesses and consumers alike, have to embrace faster, more secure, more industry? awoken to the fact that the old ways convenient digital payments. and the old technologies no longer We're doing this not only with our Paper checks are a terrible scourge work for the modern world. Now is multi-award winning digital payments that still plagues the US and many the time for all of use to invent the platform, but also by leading the way parts of the world. In the US alone, future of banking and financial in the guiding industry groups. businesses spend $50 Billion annually services. And, at SnapCheck, we're SnapCheck is a founding member of just to write and send paper checks. doing our part by leading the way to the US Faster Payments Council, a And that doesn't account for the $10 payments modernization for member of the FedNow Pilot Billion per year that businesses and businesses in the US and beyond. Community, a member of the Federal banks lose due to fraud. Reserve's Business Payments Coalition. SnapCheck eliminates 70% of these costs and over 90% of that fraud due 6. What are the marketing to our advanced and secure platform, strategies adopted by SnapCheck? making SnapCheck by far the most economical and the most fraud SnapCheck's go-to-market strategy resistance payment mechanism centers around enablement of our available in the world today! partners to better serve their customers The 10 Renowned E-Banking Solution Providers of 2023