The recent Money20/20 conference in 2024 was a big success, with Wallester taking part and representing Estonia at the request of Enterprise Estonia (EAS).
The conference covered sessions on the most recent trends and technological advancements in the financial sector, focusing on the theme “Human X Machine” and the interaction between humans and Artificial Intelligence.
Key discussion areas included digital transformation, regulatory hurdles, customer-focused innovation, and the future of digital currencies. The conference offered a comprehensive perspective on the direction and challenges of the fintech industry.
It featured a keynote address by former French President François Hollande on the global economic situation and its impact.
Wallester empowers business card solutions
The world of financial technology is continually progressing with inventive solutions designed to meet essential business requirements, enabling companies to remain competitive in the market.
Enterprises must simplify their operations and effectively oversee their expenditures and resources to carry out their activities. Wallester AS is a reputable fintech company changing the landscape of card issuance and financial services for global businesses.
Wallester allows businesses to create customised card programs and payment structures with adaptability, personalised applications, and digital integrations.
With physical and virtual capabilities, Wallester’s Business corporate cards service streamline operational expenses and offer a card issuance feature that empowers businesses to become autonomous service providers.
Wallester AS is dedicated to addressing financial hurdles through innovation, leading to unparalleled financial independence and operational control.
Wallester’s fintech leadership
Wallester’s foundation comprises Dmitri Logvinenko and Sergei Astafjev, a pair of entrepreneurs to transform the fintech industry.
In 2016, these two individuals expressed their ambition to introduce embedded finance and payment technologies and established Wallester, which would soon gain recognition for its innovative solutions.
Their initial venture was Wallester White-Label, a service that allowed companies to create a customised VISA card issuing program, setting a new standard in fintech.
Tailored approach toward a critical market
As the creators of Wallester persevered in tackling financial obstacles and introducing new strategies, they ultimately created the Wallester Business.
This offering optimised business financial management practices and identified vital elements impacting operational expenditures.
Sergei and Dmitri realised that to better support corporate finances, businesses required a more tailored approach toward a critical market.
Wallester Business prioritised adaptability and effectiveness with innovative features like one-time-use virtual cards and expense/payroll cards with dynamic PIN adjustments.
While these advancements propelled the financial technology sector forward, Wallester’s pioneers aimed to instil informed decision-making within corporate culture, an essential element for success and expansion.
With a clear-cut method for executive decision-making, businesses can stay caught up in the competitive market.
Recognition for the work
Throughout various White-Label initiatives, mobile financial apps, and unparalleled growth in transaction and profit levels, Wallester left its mark on the fintech industry.
Both the industry and the company’s clients have acknowledged Wallester’s impact and effectiveness, contributing to the company’s significant global expansion.
In 2023, Wallester saw substantial advancements in its position as a prominent leader in the fintech sector.
The company was honoured with the Breakthrough Award for “Best Expense Management Platform 2023,” and AWS featured the fintech trailblazer in its “SMB Security Campaign,” showcasing its advanced security measures.
Estonia recognised Wallester as one of its top three financial institutions, a testament to the company’s efforts and influence in fintech.
Wallester’s PCI DSS Level 1 certification in 2023 underscores the company’s commitment to data security and mitigating credit card fraud.
By successfully executing 24 lucrative White-Label card-issuing projects and earning the trust and satisfaction of thousands of companies, Wallester has garnered commendable ratings.
Wallester Business at the centrum of fintech
This solution enables companies of all sizes to optimise their expenses and simplify financial management.
Businesses subscribed to Wallester Business can obtain unlimited virtual and physical expense cards, facilitating media purchases, travel costs, and direct salary transactions.
Wallester’s sophisticated digital platform serves as the central hub for its operations. Each company receives a central account secured by security measures and data networks. The platform can monitor all issued cards and create additional sub-accounts to organise financial objectives.
Clients can utilise these sub-accounts to gain detailed financial insights and guidance, whether designated for specific departments or employees.
The platform prioritises making its services easily accessible to users, guaranteeing that its features can be used on both desktop and mobile apps.
Wallester aims to empower its customers to maintain oversight of their finances from anywhere, no matter where they are.
Instruments for analysis
Wallester Business offers more than just the ability to issue cards and accessibility features.
It provides a range of analytical tools that enhance businesses. Users can utilise these tools to examine their spending habits and track financial trends, identify cash flow and discover ways to streamline the company’s budget.
Additionally, Wallester provides secure cloud storage solutions to ensure the safety of economic data, giving businesses peace of mind regarding potential data breaches or loss.
Integration capacity
Wallester provides integration capabilities as a critical aspect of its services. The developers recognised the importance of smooth workflows for business development and prosperity, so they integrated effortless data transfer procedures between their fintech platform and other accounting system software that a company might utilise.
With its REST API functionality, Wallester Business can function alongside any organisation’s technological environment, including digital wallets, and improve operational efficiency.
The solution removes the potential necessity for data separation and automates financial management processes.
Issuance of bank-authenticated cards
Wallester, being a Visa Principal Member and a trusted figure in the fintech industry, offers BIN sponsorship for its customers.
BIN sponsorship is a crucial service that enables companies to swiftly obtain payment and primary card schemes without the need to go through the complexities of obtaining licenses.
Additionally, this service allows businesses to generate bank identification numbers, which are vital for issuing cards.
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