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Paul Thomalla FF Salon

November 1 2022

Fintech Finance Podcasts: The FF Salon at Sibos with Paul Thomalla, Finastra

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When we talk about fintech innovation, we often focus on the supersized. Real-time, cross-border, million-dollar deals – all tremendous leaps of achievement in the industry – but they distract from the human aspect of the business, connecting people when they need the most support. 

“Everybody does payments, whether they know it or not,” says Paul Thomalla. “You have a cross-section of the entirety of the world who all touch the business you do.” 

Joining us in the FF Salon at Sibos 2022, we sat down with Thomalla, the Head of Industry and Regulatory Affairs, at Finastra to talk about the very personal core of payments and meeting customers in the middle with their preferences is invaluable today. 

“Cash is king to some people, but it is also someone else’s money mule, its another person’s fraud motif, its another terrorism methodology or abuse of society,” said Thomalla. “(Cash) has many bad practices and is very expensive to run. 

For Thomalla, cash is no longer the determiner for money movement in the world, as it is rapidly being eclipsed by alternative methods like digital wallets and mobile money – which can serve a much wider scope of customers who previously wouldn’t have access to financial services.

People In This Post

Paul Thomalla

Paul Thomalla

Finastra

Companies In This Post

Finastra
  1. Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents

    News

     Read more
  2. Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants

    News

     Read more
  3. Saudi Central Bank Launches Google Pay Service Through Mada Network

    News

     Read more
  4. Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion

    Funding

     Read more
  5. Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’

    Fintech

     Read more
Sibos | FFNews