Powens Newsletter - August 2024
Welcome our August’s newsletter! Whether you’re reading from the office or on vacation, we have new insights, reads, and resources to keep you on top of everything happening both here at Powens and in the financial sector this month. Join us as we continue to pave the way in Open Finance and Embedded Banking!
Loaney’s quadrupled rates through our solutions
We’re thrilled to share another success story that highlights the power of Powens! .
Loaney , a client of our Spanish sister company, Unnax - A Powens Group Company , specializes in microloans that offer quick and flexible financing solutions while promoting financial inclusion.
Through Unnax’s bank aggregation, payment, and collection solutions, Loaney has not only quadrupled the number of loans issued to its customers but also significantly boosted its overall growth and market reach.?
As well as these impressive numbers, this partnership shows how Open Finance can drive substantial business outcomes and improve financial accessibility.?Watch the full video here
Want to learn how our solutions can help you achieve similar success?
Spotlight: The Leadership Behind Powens Group
This month's leadership spotlight is on our CRO Olivier Maire , who shares his career lessons, management philosophy, and inspiration from theater and travel.?
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What has your journey to Powens Group looked like?
“I've been working for 20+ years in B2B tech, helping software companies to launch and expand in Europe. Joining Powens to be part of the Open Finance and Embedded Banking journey was kind of an obvious move. These technologies support innovative companies in disrupting the way financial services can be embedded into business applications, and to bring them to market in multiple countries is a very exciting adventure.”
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What’s the most valuable lesson you have learned in your career so far?
“As a manager, you often think you have great ideas, if not the best ideas in the world. I have often found that having great ideas is not enough; you need to ensure they can be executed in a repeated and consistent way. If your idea is too complex to implement, too hard to track results, too much room for interpretation, it's probably a bad idea and should be discarded –– even if it looked brilliant.”
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How are you currently training yourself and your team??
“I like training based on reproducing best practices by somebody on the team, a customer, or an external expert. It makes the training more concrete and easier to absorb, with a clear and concrete result to reproduce in day-to-day operations.”
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Outside work, how do you stay busy?
“I like hiking, traveling, and going out to theaters and shows. Mixing hiking and traveling is a unique way to enjoy amazing scenic views. Theaters and shows in a city like Paris provide such inspiring experiences and emotions.”
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Share a quote, book or podcast you really like
“Only the Paranoid Survive by Andrew Grove, the former CEO of Intel. The main lesson of this book gives great insights into how a manager should allocate his time to the key issues his team is facing to maximize the value he is creating for his company and avoid staying in a day-to-day routine that’s more comfortable but less impactful.”?
Industry insights
Report: Cybersecurity considerations for 2024 in financial services
As the financial services sector grows, so too do the cyber threats it faces. A recent KPMG report highlights several areas of focus for 2024, which are vital for staying ahead in the ever-changing financial landscape:
?? Regulatory complexity: As Embedded Finance expands across borders, firms must navigate increasingly complex global regulatory landscapes, requiring adaptable compliance frameworks.
?? Automation: Increasing automation helps manage vast financial data and emerging cyber threats, boosting operational efficiency.
?? Identity management: Strong identity and access controls are essential to secure transactions and maintain compliance.
?? Fraud detection: Advanced analytics are playing a pivotal role in detecting and preventing fraud, ensuring trust in financial transactions.
?? Data sovereignty: Addressing local data compliance requires investments in infrastructure, particularly in global operations.
Summer readings
Real-time bank reconciliation for financial management software
Our most-read article this month explores why optimized bank reconciliation is an essential service for financial software vendors, how it works in France particularly, and how Powens’ solutions can build new value and efficiency for your clients. Don’t miss it!?
Let's connect!
At Powens, we’re not just about innovation; we’re about elevating your entire financial ecosystem. Interested in how our comprehensive suite of Open Finance and Embedded Banking solutions can propel your business forward?
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