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Managing complexity and risk to create a successful payments strategy with Nikita Skitev
Manage episode 472030827 series 3648843
With payments technology getting more and more complicated -- and fraud evolving at a similar rate -- how can SaaS companies build a winning payments strategy in a rapidly changing payments industry?
Nikita Skitev of Payments Strategist joins host Joshua Silver to discuss this question and much more. They covered:
- The best way to learn about payments and fintech quickly when you’re just starting out
- Hidden costs of an all-in-one “walled garden” solution, and when to choose open ecosystem providers instead
- 6 key components to payments strategy, and why platforms must proactively manage their own fintech roadmap
- Two common types of fraud, and how SaaS platforms can grow volume without taking on excessive risk
- How to holistically evaluate a payment solution from both the payer and payee perspective – and why software companies need to consider both
Episode transcript: https://www.rainforestpay.com/blog/payments-strategy-show-006-nikita-skitev
The Payments Strategy Show is brought to you by Rainforest, embedded payments purpose-built for vertical SaaS.
Grow revenue with the only payfac-as-a-service provider optimized to help you drive more payments volume at higher margins, without risk or compliance headaches.
Learn more: https://rainforestpay.com
Connect with us on LinkedIn: https://linkedin.com/company/rainforestpay
Chapters
1. Introduction (00:00:00)
2. Journey into payments (00:00:35)
3. Complexities and learning in payments (00:01:27)
4. Starting Payment Strategist (00:04:09)
5. Challenges with recurring payments (00:07:35)
6. Importance of payment strategy (00:14:16)
7. Risk management in payments (00:18:07)
8. Key considerations for SaaS platforms (00:25:20)
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