The Soltesz Payment Framework

For more information about The Soltesz Payment Framework, and to access the 60' webinar visit https://solteszinstitute.com/

The Soltesz Payment Framework offers a structured approach aimed at optimizing banking and payment strategies for businesses across diverse industries. In today’s financial environment, strategic planning and a comprehensive understanding of key operational factors are essential for businesses to manage their finances effectively and avoid common pitfalls.

The core of the framework is built on addressing challenges typically faced by international group of companies, startups, high risk industries and various other online businesses. These setups often encounter unique difficulties in payment and banking operations, leading to the creation of the Soltesz Institute—a platform dedicated to providing educational resources and certifications that integrate various financial disciplines.

The success and longevity of a business are often determined by its financial planning.

Studies show that only 67.7% of new small businesses in the U.S. survive beyond two years, and less than half reach the five-year mark. One major reason behind this is inadequate cash flow and banking strategy. The Soltesz Payment Framework directly addresses this by offering an eight-step approach designed to create a robust and resilient payment and banking structure while assessing risk, technology, data security, fees and budgeting and compliance.

The first step is Information Collection, which involves gathering all relevant documents, understanding licensing requirements, and outlining the group’s structure. This foundation is critical for identifying risks early and ensuring that every aspect of the business is in compliance with regulatory standards.

Next is Group Charting, where we visually map out the interconnections between entities within their structure. This step highlights relationships between the companies within the group, and the ultimate beneficial owners (UBOs), enabling companies to manage risks more effectively and streamline operations.

The third step focuses on Relationships & Key Personnel. Identifying who holds decision-making power and understanding their influence on the business is essential. Additionally, evaluating the risks associated with nominees, especially those connected to multiple unrelated entities, is vital for maintaining control and reducing vulnerabilities.

Fees and Taxes come next, emphasizing the importance of proactive tax planning in any international group structure. Understanding both inbound and outbound fees, as well as the tax implications in various jurisdictions, is crucial for optimizing costs and mitigating risks.

The fifth step, Terms and Times, involves a thorough understanding of contractual details with banks and other financial providers. Regularly renegotiating terms and being fully aware of conditions that might impact operations—such as delays in fund transfers or unexpected changes in fee structures—can significantly enhance financial stability.

Hedging against currency fluctuations is addressed in Hedging and Foreign Exchange. Currency risks are often overlooked, particularly in global operations. Implementing hedging strategies and timing large transactions carefully helps businesses avoid potential losses due to exchange rate volatility.

The seventh step is Risk Management, where the goal is to understand how all these elements interact and plan for contingencies. This includes preparing backup strategies in case a financial provider fails or key personnel become unavailable.

Finally, Ongoing Monitoring is crucial. As markets, regulations, and technologies evolve, businesses must stay agile, constantly reevaluating and updating their banking and payment strategies to remain competitive and compliant.

By integrating these eight steps, businesses can better manage cash flow, optimize costs, reduce risks, and enhance their chances of long-term success.

The Soltesz Payment Framework underscores the importance of a well-rounded, strategic approach to payment and banking operations, emphasizing the need for continuous evaluation and professional expertise.

The framework also highlights the value of engaging in ongoing education. Through the Soltesz Institute’s courses, webinars, and certifications, professionals can gain the knowledge and tools they need to navigate the financial landscape with confidence, ensuring that their businesses remain resilient in the face of ever-changing challenges.

For more information about The Soltesz Payment Framework, and to access the 60' webinar visit https://solteszinstitute.com/

How can PSP Angels help

PSP Angels Group is an independent payment consulting firm.

We understand the payment market and have a huge network of different banks and financial providers, so we can give?our?clients an accurate picture of all the different payment and banking options.

We know the payments market’s ever-changing risk appetite and licensing requirements, as well as what fees are currently offered. We help?our?clients make informative decisions about the possible options, prices and risks.

Within?our personalized payment consulting services, we set up an overall payment plan, help to move funds between countries, reduce real banking and payment risks, re-negotiate current fees to match the lower market rates, optimize tax and cash flow, and assist with the overall payment/banking setup.

Helping?our?clients to take their business globally, we explain what country uses which types of payment options and we also refer them to local payment providers for safer and cheaper banking and financial products. We have several partners who offer payment solutions, alternative payment methods, mobile payments, wallets, open banking, vouchers, crypto payments, chargeback and fraud tools, cashiers, and correspondent banks, based on individual circumstances and needs.

Our Cyprus?branch offers?various?fiduciary, accounting, taxation and audit services, where we assist companies not only during their operation, but also from incorporation, including company setup, licensing (office and personal setups, executive and non-executive directors, AML officers, lawyers, software providers, correspondent banks etc.)

Our Malta?branch offers?banking and payment consulting, aimed specifically for the iGaming and Gambling industry.

Via?our new Greek?branch, we now offer in mergers and acquisitions of financial licensed companies such as brokerages, crypto exchanges, banks, E-money institutions, small payment institutions, money service businesses insurance, and remittance companies, etc. globally

We also specialize in payment and financial evaluations on different projects to assist.

In both 2023 and in 2024 PSP Angels won the Payment Consultants of the Year award by Acquisition International Magazine https://www.acquisition-international.com/winners/psp-angels-2/ and https://www.acquisition-international.com/winners/psp-angels-3/ . The company has also won the Most Insightful Payment Consultancy Firm 2023 award by Corporate Vision Magazine https://www.corporatevision-news.com/winners/psp-angels-2/ and the Best Blockchain Services of the Year 2023 by Crypto Expo Europe.

PSP Angels was at the TOP 10 startups from Cyprus by the Industry Outreach Magazine.

For more information about The Soltesz Payment Framework, and to access the 60' webinar visit https://solteszinstitute.com/