Fintech firm Fideum Group stated its collaboration with conventional fee big Mastercard would allow it to “combine digital property into on a regular basis monetary actions.”
In an interview with CryptoSlate, CEO Anastasija Plotnikova defined how the corporate’s standing as the general winner of the Mastercard Lighthouse FINITIV 2023 Fall Program will bolster its enterprise and assist serve its purchasers higher.
The FINITIV awards committee selected Fideum as a result of it has a transparent imaginative and prescient of marrying the outdated established tenets of the standard monetary system with the brand new options and capabilities of the crypto trade whereas making certain regulatory compliance.
Fideum’s large goals
Plotnikova acknowledged that the agency’s success at Mastercard’s Lighthouse FINITIV Program validates its concept and serves as an endorsement for the sort of merchandise it’s attempting to construct.
The Mastercard Lighthouse FINITIV program permits Nordic and Baltic fintech to work with main monetary firm stakeholders, together with Mastercard and tier-one Nordic banks: Danske Financial institution, Swedbank, Seb and OP Monetary Group.
Following the win, the corporate goals large and hopes that its partnership with the standard monetary big would be the sport changer in how crypto property are built-in into the standard monetary trade.
The rising crypto trade has confronted substantial skepticism and criticism from conventional monetary consultants who argue that the blockchain-based trade is simply too unstable to interchange the outdated system.
Nonetheless, Plotnikova identified that working with corporations like Mastercard and accessing its international infrastructure may change how the trade is seen.
“Partnering with Mastercard doesn’t simply broaden our community; it plugs us straight right into a pipeline of rising applied sciences and improvements within the fee and monetary providers sectors. This may speed up our means to combine new options and capabilities into our platform,” the CEO stated.
She continued that:
“This isn’t only a collaboration; it’s a change of how digital property are perceived and used, each by retail and institutional purchasers. We’re setting a brand new normal for accessibility and safety within the digital asset house.”
Plotnikova additional famous that the partnership may encourage extra institutional purchasers to work with the corporate, saying:
“For our purchasers, particularly within the institutional sector, this affiliation generally is a important issue of their determination to decide on us, figuring out that our options are aligned with the requirements of a worldwide monetary chief.”
Fideum is a fintech firm that builds blockchain infrastructure that integrates retail customers with monetary establishments. A few of its providers embody crypto pockets providers, decentralized change connectivity, and sensible contract automation.
The corporate web site reveals it has secured 4 international licenses and actively advises 9 regulatory our bodies. Moreover, its providers are supported in 120 nations.