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Author: finyardmin

Finyard: Using automation to empower HR activities and work towards data-driven goals
July 24, 2024

Finyard: Using automation to empower HR activities and work towards data-driven goals

As a tech-focused company, it makes sense that Finyard leverages the power of automation to enable practically effortless data sharing, which helps daily operations run smoother. This is especially important for a company like ours that operates internationally and has team members worldwide.

We do this through the powerful HR software called HiBob, which serves as a performance tracking tool that can help develop and optimise data-driven goals, give managers the information they need to manage and motivate their teams, and share important announcements, updates, and policy changes.  

A high level of integration with Slack (our primary internal communication channel) and our primary task management platform, Jira, makes HiBob even more convenient and easy to use. It allows employees and managers to receive real-time notifications, view personnel information (including birthdays and career milestones), and request various types of leave (days off) offered to our employees.  

In addition, Finyard’s HR department also uses Greenhouse, a powerful applicant and candidate tracking platform that allows for seamless data sharing between interviewers and internal recruiters. 

As automation solutions like HiBob and Greenhouse, machine learning, and AI data management solutions continue to evolve, we are sure they will offer us even more tools we can use to empower not only the growth of our organisation, but also the people who contribute to it daily. 

Finyard: Making finance accessible to all through financial inclusion
June 26, 2024

Finyard: Making finance accessible to all through financial inclusion

Financial inclusion has become a fundamental goal in today’s financial landscape, with technology and innovation being the driving force behind reshaping the future of finance.

Leading fintech companies like Finyard recognise the importance of fostering financial inclusion and bridging the gap for the financial industry’s future development. By leveraging technological innovations, these companies create financial solutions that promote economic growth and social equity.

The importance of financial inclusion

Financial inclusion focuses on making financial products and services accessible and affordable to everyone, regardless of their net worth or the size of their business. It is all about breaking down barriers across the financial system and ensuring equal financial opportunity across the board. 

Proper access to the financial system has the potential to dramatically enhance quality of life, reduce poverty and promote economic development. Thus, financial inclusion is critical for creating a fair and equitable society and fostering a thriving economy.

Such financial services allow individuals or businesses to save money, invest, seek education, improve health, and grow the local economy through starting or expanding businesses –– all while contributing to the greater global economy. This, in turn, leads to increased income and more job creation, further bolstering the economy.

How to make finance accessible to all

By creating financial solutions tailored to a wider population, fintech companies allow a higher level of participation in the financial system, enhance transaction security, and reduce costs. Such products and services can include mobile banking, digital payment systems, user-friendly design, localisation, and more.

Mobile banking and digital payments

One of the most effective ways to enhance financial inclusion is through mobile banking and digital payments. These technologies allow people to access financial services from their smartphones, eliminating the need for physical bank branches. Mobile banking apps offer a wide range of services, from opening accounts to transferring money and paying bills. Digital payments make transactions faster, safer, and more convenient, especially in remote or underserved areas.

User-friendly design

Creating user-friendly financial products is essential for financial inclusion, especially for those that historically haven’t had access to such products. Products with intuitive interfaces and positive user experiences make it easier for people to navigate and utilise such financial services. This is particularly important for individuals who may not be tech-savvy or familiar with complex financial products. Simplifying the user experience ensures that financial services are accessible to the broadest audience possible.

Lower fees

Financial inclusion is most necessary in economically underdeveloped regions that have traditionally lacked financial services. Therefore, high fees can pose a significant barrier for potential users and businesses. Reducing fees or keeping fees to a minimum in general, allow more participation for low-income individuals, small businesses, and more. Low fees can apply to opening accounts, transferring or depositing funds, and/or maintaining minimum balances. Eliminating such a significant barrier via cost reduction can attract more users and a much larger customer base, bolstering financial inclusion.

Localised products and services

Perhaps the least obvious way to promote financial inclusion, is to build all products and services with localisation in mind. Tailoring financial products and services to meet the specific needs of local populations is an effective strategy. This includes offering services in local languages, providing local multilingual customer support, and developing products that cater to the unique financial behaviours and needs of different communities. Understanding and addressing the specific needs of customers improves access and usability of financial services.

Conclusion

In conclusion, financial inclusion is essential for creating a fair, equitable, and thriving society. Fintech companies like Finyard are leading the way in this effort by developing cutting-edge financial solutions that make finance more accessible to all. With focus on technology and innovation, Finyard builds products and services geared toward simplifying financial services. With added attention to localisation, Finyard ensures its products reach a broader audience.

Looking ahead to the future, the continued development and implementation of new technologies will be vital for advancing financial inclusion. By always prioritising inclusivity in product design and development processes, financial institutions can ensure that their services reach and benefit everyone, regardless of their economic status or geographical location.

Finyard donates to children’s charity ‘Little Heroes’
May 17, 2024

Finyard donates to children’s charity ‘Little Heroes’

Corporate Social Responsibility (CSR) initiatives are at the core of Finyard as a company. We’re always looking for new ways to give back to our local communities. As part of that commitment, we’re proud to have donated proceeds from our recent Finyard Connect event to children’s charity, ‘Little Heroes’.

What is ‘Little Heroes’?

‘Little Heroes’ is an amazing children’s charity in Cyprus. It started operations in 2017, and became an officially licensed foundation in 2021. The team at ‘Little Heroes’ is committed to helping local children suffering from cancer and leukaemia, and their families, by providing both financial and psychological support.

To learn more about the foundation and how you can support their efforts, visit their website.

Supporting the local community

We’re proud to have the Finyard headquarters located in Cyprus. The country provides great support for growing businesses. And its rapidly-evolving tech scene attracts the world’s top talent. That’s why we’re so committed to supporting the local community in any way we can.

Our CEO, Dmitrij Pruglo, had this to say about our donation to ‘Little Heroes’, and the importance of CSR at Finyard:

“At Finyard, we fully support the mission and values of the ‘Little Heroes’ foundation. Corporate social responsibility is very close to our hearts, as is supporting the local community here in Cyprus. The opportunity to donate to and help such a worthy cause was one we couldn’t miss out on.”

While Vice President of ‘Little Heroes’, Kostas Pantelides, commented:

“We’re very grateful for Finyard’s donation to ‘Little Heroes’, as it will help us further support local children in their fight against cancer. It is great to see the expanding tech sector giving back to the local community in Cyprus.”

More to come

This is just the latest in a long line of CSR initiatives here at Finyard. With past activities including donations for Movember and to a local dog shelter. And we’re not stopping here! We’ve already got some things planned for the future, like blood donations, as we continue to find new ways to help support our community.

Finyard x Techisland; shaping the future of tech in Cyprus
May 10, 2024

Finyard x Techisland; shaping the future of tech in Cyprus

We’re proud to announce that Finyard has become a member of Techisland, a non-profit organisation seeking to make Cyprus a global hub for tech talent. We’re joining a community of over 300 of the most innovative companies on the island, and together we’ll help the local tech sector grow to new and exciting heights.

Accelerating technological growth and innovation

Becoming a member of Techisland is about more than just ‘joining the club’. With Finyard headquartered in Cyprus, we’re committed to helping the local tech sector grow and challenge among Europe’s elite. This is a mission we and Techisland share; to turn Cyprus into a world class destination for the best in tech talent. The non-profit’s objectives include:

  • Giving a voice to the local tech industry
  • Improving living conditions to attract world-class talent
  • Raising awareness around tech-based opportunities in Cyprus
  • Supporting the development of the local tech ecosystem
  • Creating long-lasting impact on society through coordinated CSR campaigns

Learn more about Techilsand and its mission here.

Making a real impact together

We’re really excited about the journey ahead, and can’t wait for all the amazing things we and the other members of Techisland will achieve in the coming years. Here’s to making an impact, together!

Finyard CEO, Dmitrij Pruglo, commented:

“Joining Techisland is a good step towards our ultimate goal; helping make Cyprus a #1 destination for tech talent from all over the world. At Finyard, we’ve always understood the potential of the island, which is why we based our HQ here. And with the hard work that non-profits like Techisland have been doing, I’m sure that potential will be realised soon.”

Finyard: the top trends shaping the FinTech industry
April 30, 2024

Finyard: the top trends shaping the FinTech industry

The global FinTech market continues to expand at a staggering pace. Valued at $294 billion in 2023, it’s projected to reach $1.15 trillion by 2032, growing at a compound annual growth rate (CAGR) of 16.5%. This explosive growth reflects the seismic shifts transforming financial services as cutting-edge technologies and evolving consumer expectations collide.

At Finyard, an innovative software solutions provider helping brands deliver advanced FinTech applications, we’ve witnessed these disruptive forces firsthand. Several key trends are driving the industry’s future trajectory. Understanding their implications is essential for any FinTech firm aiming to remain competitive.

Generative AI goes mainstream

Artificial intelligence (AI) has long been a FinTech fixture, but generative AI represents a transformative leap forward. By creating new content, code, images and more from learned patterns, generative AI models like GPT-3 open exciting doors.

Generative AI has the power to hyper-personalise user experiences, automate complex processes, and surface predictive insights. As the technology matures, it will reshape how people interact with financial services.

Blockchain becomes foundational

After years of hype, blockchain is primed for wide scale FinTech adoption. The technology’s decentralised, transparent nature makes it ideal for securely recording transactions, executing smart contracts, and tokenizing assets.

Blockchain integrations can offer instant cross-border payments, automated compliance, and fractional investing in real estate and other illiquid assets. Industry giants like JPMorgan and Visa are heavily investing in it. As ecosystem maturity grows, expect blockchain to become a cornerstone of financial infrastructure.

DeFi disrupts traditional finance

Decentralised finance (DeFi) is perhaps blockchain’s most revolutionary application. By removing intermediaries and gatekeepers, DeFi platforms let users access an expansive array of financial services – from loans to insurance to savings – directly and without permissions.

While still nascent, DeFi’s growth has been meteoric, with total value locked surging from under $1 billion to over $200 billion in two years. Its open, composable architecture enables unprecedented innovation, such as yield farming and flash loans.

Hurdles remain around scalability, regulation and risk, but DeFi’s promise of democratised access is too significant to ignore. Expect to see more bridges emerge between centralised and decentralised finance.

Cybersecurity becomes paramount

As FinTech services handle ever-growing troves of sensitive data and value, safeguarding them from mushrooming cyber threats is critical. A single breach can shatter user trust and brand equity.

Robust cybersecurity should be a top priority for any company. This includes multi-layered defences such as encryption, multi-factor authentication, behavioural analytics, and continuous monitoring. Zero-trust architectures and AI-powered threat detection are other rising industry best practices.

But technology alone isn’t enough. As digital finance grows ubiquitous, firms must also promote cyber hygiene through user education and transparency. Collaboration and intelligence sharing will be key to thwarting attackers. Cybersecurity isn’t a destination but an endless journey demanding constant vigilance.

Gamification boosts engagement

With countless digital services vying for attention, FinTech platforms are turning to gamification to stand out and boost retention. By applying game-like elements such as points, badges, leaderboards and rewards, firms can make managing money more engaging and intuitive.

Gamification has been especially prevalent in Stock trading, banking and financial literacy apps. Robinhood’s addictive interface and Duolingo’s language lessons are prime examples of how it can drive desired behaviours.

Gamification can be integrated  to simplify complex topics, motivate users, and build enduring relationships. The key is enhancing value, not superficially slapping on video game elements. When thoughtfully applied, gamification can be a potent differentiator.

Looking ahead

The coming years will undoubtedly bring relentless change as new technologies converge and consumer demands shift. To stay ahead, FinTech firms must remain agile, attuned to emerging trends, and willing to experiment.

At Finyard, our culture of innovation keeps us on the cutting edge. By continually pushing boundaries, proactively partnering, and putting users first, we aim not just to adapt to the future, but to shape it.

Whoever defines the next generation of FinTech services will have an outsized role in empowering economic mobility and prosperity worldwide. We intend to seize that mantle, guided by an unwavering belief in technology’s potential to drive positive transformation.

Only by working together – as an industry and society – can we build a financial system that is more inclusive, efficient and secure. The journey forward will be challenging, but the destination of greater shared wellbeing will be well worth it.


Learn more about Finyard.

Finyard’s transparency commitment: navigating FinTech ethically
March 7, 2024

Finyard’s transparency commitment: navigating FinTech ethically

Trust stands as the bedrock of finance. Without confidence in institutions and infrastructure, transactions grind to a halt, markets collapse and prosperity dims. FinTech has emerged as a particularly vital pillar upholding stability amidst a digital revolution in financial services. But with this greater influence comes intensified public scrutiny and the demand for ethical practices centred on transparency.

Finyard recognises transparency as the essential foundation for trust between providers, end-users and societal stakeholders. As a pioneering FinTech solutions creator enabling major banking, investing and commerce institutions worldwide to offer next-generation financial applications, Finyard bakes multi-layered transparency into its organisational DNA.

“We strive for full openness into our internal processes, decision matrices and downstream solution impacts,” shares CEO Dmitrij Pruglo. “The FinTech sector cannot advance sustainability without durable public trust rooted in transparency.” Finyard thus communicates extensively through channels like direct client engagement, media interviews, and public-facing development logs.

Embedding ethics  

But transparency requires concrete actualisation to carry legitimacy and impact. General principles must manifest through policies, protocols and dedicated leadership. Finyard implements several key measures to embed ethics:

1. Cross-departmental decision-making: no single internal team unilaterally determines solution designs or functionality without inputs from technology, compliance, legal, user experience and client partnership divisions to foster comprehensive holistic perspectives.

2. Due diligence sharing: Finyard furnishes extensive documentation with institutional partners covering security provisions, downstream data usage allowances, version change logs and more to tightly align on capabilities, limitations and roadmaps well in advance of any public solution launch.  

3. Community representation: external advisory councils featuring subject matter experts and advocates from social impact, open data, and financial access groups provide continual guidance and feedback into solution development and company policies. Their voices directly shape what Finyard builds and how offerings are positioned.

4. Radical process transparency: ongoing sharing of bug bounty reports, project roadmaps, concept testing data, security audits, access policies and system architecture via public forums enables unprecedented visibility into Finyard’s inner workings. Stakeholders can authenticate progress.

By upholding transparency as an actionable priority woven throughout operations rather than a peripheral declaration, Finyard strengthens institutional partnerships, accelerates innovation and safeguards ethical alignment as solutions scale exponentially.

“FinTech demands higher accountability today from rising public expectations of responsible innovation,” explains Pruglo. “Our ingrained transparency processes allow collaborative creation centred on earned trust and positive impact.”

Ethics in practice

Institutionalised transparency further enables values-based decision making critical for guiding FinTech development. Finyard’s infrastructure and solutions support highly sensitive digital transactions, communications and machine learning algorithms at massive scale necessitating sound ethical guardrails.

“We constantly ask ourselves — how will this benefit people and society beyond our own returns?” details Pruglo. “And how might it disadvantage vulnerable groups even inadvertently if deployed irresponsibly?”

Whether pursuing innovations around decentralised blockchain applications, AI-powered predictive analytics or access-expanding micro investment platforms, Finyard steers all projects to uplift people globally. Scenarios and testing frameworks feature ethical impact evaluations baked directly into solution requirements. And comprehensive reviews analyse downstream second and third-order effects before launch rather than reactively addressing problems post-deployment.  

Partners undergo stringent screening for value alignment across areas from security protocols to ethical data sourcing. Finyard turns down lucrative contracts that might indirectly enable questionable practices or geographies in conflict with its social charter. And representative community insights steer policies on issues like bias avoidance algorithms over efficiency-centric methods alone.   

Proof points

The commercial and social returns of principled transparency manifest vividly through Finyard’s rapidly expanding global user base across client platforms and an ever-growing roster of partnerships with leading institutions seeking cutting edge, ethically sound FinTech capabilities.

A major Cryptocurrency exchange sought to increase mainstream adoption by offering simplified mobile access to Crypto trading. Finyard provided early design phase transparency including user flow diagrams, UI mocks and onboarding frameworks highlighting guardrails to mitigate over trading risks. This enabled the client to rapidly launch a beginner-friendly Crypto app with intuitive interfaces based on Finyard’s UX research into what helps novice traders avoid common pitfalls. Since introduction, the app has increased first-time active Crypto traders by 39% month-over-month with excellent user satisfaction scores for its helpful educational tools.

Another example saw an emerging market derivatives exchange seeking to responsibly provide financial access to new retail market participants through easy-to-use digital interfaces. Finyard worked closely sharing open source modules and safe usage recommendations that the partner adapted into their web and mobile trading frontends allowing thousands of first-time traders globally to participate. But controlled rollout phases based on active advisements prevent exploitative misuse, while API limits maintain stability. The platform continues expanding inclusion and positive community feedback has been overwhelming.

Such collaborative outcomes spotlight how ingrained transparency and ethics ultimately enable all constituent groups ranging from end-users to global society, through sustainably impactful FinTech innovation anchored by earned trust.

Our shared charge  

As financial applications continue proliferating across everyday digital touchpoints, FinTech carries tremendous opportunity but also the obligation to uplift people worldwide. Finyard urges sector players to collectively commit to transparency, accountability and conscience as non-negotiable leadership mandates from investors, clients and the public.

The immense promise for technological innovation to drive positive transformation demands ethical stewardship. And today’s intertwined environments simply no longer tolerate opaque practices, arbitrary deployments or indifference to downstream impacts even indirectly enabled.

“True progress measures lives changed, not balance sheets padded,” Pruglo concludes. “Together we now shape FinTech to lift up humanity – or let it divide us. Transparency lights the way forward.” The future for financial inclusion and empowerment beckons brightly down this path.

Dmitrij Pruglo on regulation in finance and Crypto
February 22, 2024

Dmitrij Pruglo on regulation in finance and Crypto

Emerging technologies bring immense promise, yet their rapid rise risks outpacing governance. As innovations evolve, questions of regulation frequently lag behind innovation. But the right oversight protects consumers while allowing beneficial disruption, a delicate balance Dmitrij Pruglo knows well.

The delicate balance

As CEO of Finyard, Pruglo helped guide pioneering blockchain firm Covesting through Europe’s inaugural Distributed Ledger Technology (DLT) licensing process. Obtaining this formal regulator approval enabled offering compliant Crypto services to mainstream audiences. However, the designation’s limited scope hindered expected expansion.  

For Pruglo, this firsthand experience revealed regulation’s double-edged sword. Poor policy stifles progress. But thoughtful rules safeguard society while liberating innovations to spread freely. Across sectors like Crypto, AI and more, he urges this nuanced view accounting for impacts beyond finance.

The need for oversight

Unchecked emerging technologies risk unintended consequences even with good intent. Pruglo points to algorithmic Stock trading – its autonomous rapid trades once whipped markets into violent volatility before regulators stepped in. Yet he maintains most creators aim for social good – accountability ensures that outcome.

Pruglo also cites Crypto. Initially it promised inclusion, access and decentralisation free from institutional gatekeepers. However, lacking adequate guardrails, it saw scams, frauds and insolvency run rampant in recent years. Thoughtful policy protects everyday investors and maintains trust in digital assets.

The same argument holds for AI and machine learning. As algorithms grow prevalent across society influencing loan access, job chances, judicial outcomes and more, Pruglo argues oversight must guarantee ethical treatment regardless of gender, ethnicity and income level. Tools promising efficiency and insight must not enable discrimination in absence of regulation.

The risks of overreach

Yet Pruglo cautions against overregulation killing progress in its cradle. Imposing excessive constraints, though well-intentioned, throttles the experimentation essential for advancement.  

He points to early days of the commercial internet, where attempts to regulate content like the 1996 Communications Decency Act threatened free expression rights. Later legislation like Section 230 struck an improved balance between protections and liberties now seen as pivotal for growth.

Crypto also demonstrates regulatory overreach’s dangers. Jurisdictions like China first embraced digital assets before enacting severe clampdowns banning activities outright in 2021. By contrast, Singapore adopted a collaborative “test-and-learn” strategy with industry thriving under accountable openness.

For Pruglo, these lessons hold for AI regulation too. Prematurely strict rules will counterproductively drive research and data efforts underground. Instead, developing flexible but transparent guidelines in collaboration with leading scientists offers the path forward. We must get governance right.

Guiding uncharted waters

Regulating the unknown is filled with questions. How strictly should we control nascent inventions before fully understanding impacts? Who decides what safe enough looks like? Are restrictive moves justified by worst case scenarios or likely outcomes?

There are no perfect answers, Pruglo concedes. But for him, erring on the side of permissionless innovation trumps precautionary principle. Technology progresses fastest when minds are unleashed to create and experiment openly through trial and error. Checks can step in later as needed.  

However, governance cannot sleep indefinitely. Once social consequences emerge, acting quickly and decisively to implement balanced protections becomes essential. Pruglo believes the most exciting emerging technologies like AI and blockchain should self-enforce strong ethical codes proactively where possible. But regulatory readiness is key for the eventual oversight required.

Collaborative steps forward  

In the end, no single group possesses the exclusive wisdom to govern alone. Pruglo calls for technologists, policymakers, scientists, ethicists and society to collectively chart the way forward through open exchange and transparency. Blind trust in sole authorities invites risk.

We must acknowledge every perspective – innovation for social good depends on it. Progress arises from the interplay of competing forces through dialectic tension. Regulation plays a crucial role when properly balanced against daring creativity’s needs.

For emerging technologies like AI and blockchain, the world awaits watching their promise balanced with responsible oversight. There are no shortcuts; we must reason together. The futures we build depend profoundly on how governance, ethics and empowered invention dynamically sync through collaborative discourse. Dmitrij Pruglo stands ready to contribute experience and insight wherever helpful across this perpetual ever-evolving journey.

The road ahead: Finyard’s ambitions and goals
February 15, 2024

The road ahead: Finyard’s ambitions and goals

With over half a decade of delivering pioneering FinTech solutions, Finyard casts its sight to the horizons ahead. Though proud of progress made, the company refuses complacency, instead doubling down on the restless innovation and care for people that forged its early ascent. Propelled by lofty ambitions, Finyard moves intently toward an audacious vision of driving positive change through technological innovation.

Striding toward the summit 

Rather than fixed milestones, Finyard chases elastic goals constantly expanding with achievements. “We set hugely ambitious targets that often seem crazy at first,” shares CEO Dmitrij Pruglo. “But high challenge rallies our teams and breakthroughs follow.” This summit-minded approach sees Finyard aggressively grow market leadership in core solution areas like data analytics, digital transactions and infrastructure for financial apps.

Parallel expansion into emerging fields like artificial intelligence and blockchain leverages substantial R&D investments to cement category command ahead of competitors. “Success for us means continuously entering unfamiliar terrain full of complexity and opportunity,” Pruglo adds. The company moves swiftly to build in-house capabilities to own new spaces rather than playing catch up later.

Strategic partnerships with leading institutions across target verticals are simultaneously linked to maximise impact and access. Finyard provides these players agile innovation capacity to keep pace with FinTech’s blistering rate of change. Its solutions become embedded directly into their platforms and apps to elevate user experiences.

Pioneering positive change 

But more than mere financial returns or prestige, Finyard pursues social purpose. “We assess our performance by lives changed, not metrics,” states Pruglo. Accordingly, corporate social responsibility and ethical innovation sit at the nucleus of each solution created. Whether promoting transparency, financial inclusion, economic mobility or security, Finyard bakes “doing good” into its business model and guides all strategic decisions accordingly.

Technology promises immense opportunity to spread prosperity worldwide if steered by conscience. Finyard recognises this potential to lift up lives through FinTech advancements transcending transactions. AI and machine learning already drive hyper-personalisation and predictive insights once unthinkable. Open data ecosystems allow unprecedented customisation of experiences. Democratised, mobile micro-investing makes markets accessible to all income levels. Embedding financial tools directly into platforms creates seamless, integrated user experiences that promote inclusion.

The company also actively supports non-profits leveraging technology to close opportunity gaps. Its leadership urges the industry to judge success not by balance sheets but by the light spread to disadvantaged communities. “Doing good matters profoundly here. Our people demand and drive it,” shares Pruglo.

The innovation engine’s constant hum 

Realising grand visions requires boundless creativity and discovery. Finyard’s innovation engine thus never sleeps. “We foster a ‘science lab’ environment for talents to tinker and push boundaries,” Pruglo notes. Minds are unleashed to ideate solutions both practical and absurd. Concepts rapidly transform into working prototypes subject to user testing and feedback driving evolution. Fail fast, learn faster.

With expertise constantly upgrading through professional development programs, individual and collective capabilities compound. Fresh capabilities spawn new possibilities. Supporting this engine are persistent R&D investments into emerging technologies and trends. Horizon scanning teams identify the next waves early, allowing agile redirection of resources. The ultimate outputs are high-impact FinTech solutions shaping user experiences and even industry standards.

Join the expedition

The road ahead beckons with immense opportunity. Those sharing Finyard’s passion for empowering innovation through technology are warmly welcomed to join the expedition. Employees enjoy unmatched autonomy to learn, create and make their mark while being celebrated for forward failures that teach. Partners access the latest FinTech capabilities to accelerate their digital transformation journeys. Investors participate in outsized returns compounding with social impact.

“Together, we can build the future of embedded, hyper-personalised financial services and change lives,” Pruglo concludes. The climb has hardly begun, but with uncompromising commitment to human-centred innovation, the summit draws nearer.

Dmitrij Pruglo unplugged: a day in the life of a FinTech CEO
February 5, 2024

Dmitrij Pruglo unplugged: a day in the life of a FinTech CEO

Dmitrij Pruglo, CEO of software solutions provider Finyard, represents a dynamic new era of leadership in the rapidly evolving world of FinTech. But behind his visionary ideas and relentless drive lies an authentic, grounded leader navigating daily realities like anyone else.

In this intimate look at Dmitrij Pruglo’s typical day, we gain insight into the work habits, lifestyle priorities, and personal interests that fuel one of FinTech’s brightest rising stars.

Balancing family & work 

Dmitrij consciously starts each day spending quality time with his loving family over breakfast instead of instantly checking his phone. He understands this grounding morning routine with his children fortifies his reservoir of patience and perspective before diving into his influx of CEO duties.

After cherished family bonding, Dmitrij seamlessly transitions into executive mode. His iPhone delivers the latest overnight project updates, notifications demanding urgent attention, and a multitude of inputs requiring decisions as the man steering Finyard’s rapid growth. Though hoping for quiet nights, Dmitrij knows even the most robust enterprise software can unexpectedly falter. He takes disruptions and critical issues needing swift assessment in stride.

Managing an overflowing schedule 

Upon arriving at the sleek Finyard headquarters, Dmitrij’s calendar dictates his next 12+ hours down to the minute. Back-to-back meetings, strategy calls with global clients, board presentations on new platforms, and employee check-ins leave virtually no blank spaces before he rejoins his family.

A barrage of Slack messages and impromptu team “huddles” further pack Dmitrij’s schedule. But he insists “ad-hoc interaction should never disrupt progress.” Despite the firehose of stimuli, quick yet informed decision-making is vital to keep multiple initiatives progressing. Dmitrij adeptly navigates this sea of views and data points before charting direction. He pools trusted advisors’ guidance, aiming for choices that yield maximum impact versus time invested. “Evaluate potential return on time,” he urges other leaders facing information overload.

Cross-functional collaboration

Between tightly-booked meetings, Dmitrij walks the office floor, connecting with employees across departments. He believes understanding technical challenges, client needs, project workflows and team dynamics at the ground level fosters trust in leadership and accelerates progress. These personal interactions, though brief, help him lead by example regarding transparency, mission alignment, and cross-functional coordination.

Dmitrij also understands first-hand executive support clears barriers for staff. He makes himself readily available to engage directly with teams needing high-level guidance or resources. “I provide immediate value whenever possible,” notes Dmitrij. “Leaders must empower innovation, not hinder it.”

Recharging after hours 

After powering through another 2+ hours of family connections that replenish his soul, Dmitrij returns to work post 9pm when most external demands won’t disrupt cherished personal time. He spends about 2 hours clearing his endless backlog – handling piled-up emails, tying loose ends on projects awaiting decisions, addressing lingering staffing issues, and returning non-urgent calls before another 12+ hour docket commences.

To restore mental clarity and recharge for the relentless pace, Dmitrij prioritises walking 5+ km nightly for stress relief and reflection. He also squeezes in language lessons during the workweek and gym sessions when the rare opening permits, recognising finding personal time requires ruthlessness given his overloaded CEO schedule. “Balancing priorities remains an ongoing challenge,” he acknowledges.

The biggest challenge – Building an all-star team 

As Finyard rapidly scales into an international force, Dmitrij’s most pressing human capital challenge is architecting an elite leadership team that aligns culturally and can sustain momentum during exponential growth. He knows discovering not just superb creative thinkers and technical experts, but loyal culture carriers and versatile managers capable of evolving alongside Finyard’s meteoric global rise is no small undertaking.

Dmitrij has witnessed even the most rigorous recruitment methods and seemingly flawless hires subsequently underdeliver, lacking the intrinsic drive, emotional intelligence or value alignment needed to excel. “Present skill means little without shared vision and purpose,” he notes. 

To manifest his goal of a passion-driven, loyal dream team that breathes Finyard’s maverick, mission-led spirit, Dmitrij recognises he must look deeper than credentials into character, motivations and leadership fit. 

Overcoming future barriers

For Dmitrij, surmounting the next scale of barriers as Finyard disrupts global markets begins with the tribe gathered today – united more by shared beliefs in their collective potential than credentials, titles or domains mastered. 

He knows a relatively small group propelled by common cause can achieve exponentially more than fragmented groups 10x its size. With such a capable posse of heart-centred innovators already onboard, he sees no obstacle as insurmountable.

Maintaining health and perspective

Reflecting on his daily tightrope walk across urgent issues, operational oversight, long-term strategy, complex decisions, and personal needs, Dmitrij considers how to sustain effectiveness across all fronts amidst unrelenting demands and ambitious growth plans.

He grudgingly accepts temporarily deprioritising some personal interests in the short term as Finyard strengthens systems and infrastructure to scale responsibly. But Dmitrij sets a 2-year horizon to recapture balance across work, family nourishment, and self-care to prevent burnout. 

He understands that just as home life cannot thrive with neglect, allowing his own energy reserves to drain irreparably also puts Finyard’s future at risk. World-class execution over decades demands both human sustainability and relentless progress go hand-in-hand across the marathon.

Exploring Finyard’s culture: voices from the team
February 2, 2024

Exploring Finyard’s culture: voices from the team

At Finyard, our inclusive, democratic culture centred on enabling professionals to grow is the bedrock of our leadership in delivering pioneering FinTech solutions. By bringing together diverse perspectives and providing the flexibility for talent to experiment, we empower world-changing innovation.

Diverse talents shape cutting-edge innovation 

Our recognition of diverse talents as a critical component of innovation is a cornerstone of our culture. We understand that breakthroughs in FinTech do not come from homogeneity, but from the rich, varied perspectives of our team members who hail from different cultural and professional backgrounds. This diversity is not just in nationality or academic qualifications, but also in thought, experience, and approach to problem-solving.

Kalliopi Zabafti, our Head of Talent Acquisition, puts it aptly. “There’s a purpose you can develop within the company,” highlighting the bespoke growth opportunities we offer. Each member’s unique strengths and insights are acknowledged, creating a melting pot of ideas that drive us to push the boundaries of what’s possible in FinTech.

Our approach to diversity is multifaceted. We actively seek out professionals from various sectors. Moreover, we foster an environment where these diverse talents can flourish. We provide platforms for voices to be heard, encourage cross-departmental collaborations, and facilitate mentorship opportunities. This inclusivity ensures that each idea, regardless of its origin, is given the space to be explored and developed.

Management as leaders 

Rather than micromanage, Finyard’s management believes in building talented teams and inspiring them with the product vision, while granting autonomy to turn ideas into reality. As Sergey Yarovoy, Group CCO, notes, “It’s the great opportunity to learn, earn and be a better version of yourself.” 

By providing guidance while allowing self-direction, we enable organic growth of innovations critical for advancement. This tribal approach is more agile than traditional hierarchy, better positioning us to capitalise on new opportunities.

The proof is in the culture 

The personal stories from our team members demonstrate Finyard’s caring, empowering ethos. Tamara Mushanova fondly recalls the “extraordinary support I received for my professional development.” 

Anna Tokareva, Senior Design Lead, also remembers “the company’s investment in its people” through abundant growth opportunities. It is this culture of nurturing talent by supporting professional growth that drives our FinTech innovations. By helping our people thrive, we thrive.

Flexible yet quality-focused

Even as we maintain a flexible, democratic culture where “we are more than just colleagues we are friends,” as Kirill Chernyi, Group CFO observes, our standards and expectations for excellence remain high. 

As Tamara Mushanova, Localisation Manager, notes, “Even though we have an encouraging culture, we aim for quality in everything we do. Our standards motivate employees at all levels to continuously hone their skills.”

Savvas Constantinou, Senior Product Manager, especially likes “that my thoughts are being heard by a lot of stakeholders.” We nurture talent by encouraging bold experimentation while empowering teams to execute to the highest quality bar. This fusion of flexibility and high standards accelerates innovations.

An environment where people thrive 

Our workplace stands out for its friendly, democratic atmosphere where over 90 talented individuals joined just last year, and only a few voluntarily left. Once people join Finyard, they are keen to stay because ideas can thrive regardless of role or background. 

As Rachel Demostenous, Group CMO, observes, “Finyard is about innovation, supportive teams, growth opportunities, amazing work culture.” We empower people to become the best version of themselves by fostering an encouraging, tight-knit community.

The vision of our leadership 

Under the visionary leadership of Dmitrij Pruglo, Finyard’s CEO, the company has rapidly emerged as an industry leader. As Pruglo notes, “Our culture is our strength. It’s what makes us more than just a company; it’s what makes us a community.” 

By bringing together diverse perspectives and nurturing talent through professional growth, we foster the pioneering innovations that revolutionise FinTech. Pruglo’s emphasis on nurturing a “community” catalyses the sharing of ideas critical for advancement.

Conclusion 

The voices across Finyard resoundingly affirm that our nurturing, flexible yet quality-focused culture centred on empowering talent is integral to pioneering the FinTech breakthroughs of tomorrow and beyond. By supporting professional growth and enabling bold experimentation, we will continue delivering innovations that disrupt the status quo.

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