Viktoria Soltesz (founder and CEO of PSP Angels Group) leads an independent payment consultancy known for its expertise in banking and finance. She brings over 20 years of experience in banking, payments, tax, and finance, establishing herself as a respected payment professional and tax consultant. Alongside her consultancy work, Viktoria has lectured at the University of West London, further enriching her expertise in the financial landscape.
Viktoria provides clear insights into the mindset of banks and the mechanisms behind the movement of money, distinguishing herself in her field. She authored the book Moving Money – How Banks Think, which provides valuable insights into the workings of financial institutions and is available on Amazon.
Specializing in complex cases, Viktoria’s approach ensures that her consultancy provides effective solutions in the ever-evolving financial sector.
Comprehensive Financial Services and Expertise across Europe
PSP Angels Group leverages its extensive network of banks and financial service providers to offer a comprehensive understanding of the payment and banking sectors. This network allows the company to provide tailored perspectives on various payment and banking options, addressing specific client needs effectively.
Unlike many consultancies, the company is not tied to commission agreements with any specific partners. This approach provides honest and impartial opinions about the available options, fees, and risks surrounding various payment and banking channels. PSP Angels brings the latest innovations without any hidden agendas.
In Cyprus, PSP Angels Group offers fiduciary, accounting, taxation, and audit services. It supports companies through their entire lifecycle, from formation and licensing to appointing executive and non-executive directors, AML officers, lawyers, software providers, and correspondent banks.
In Malta, the company focuses on banking and payment consulting for the iGaming and gambling industry. The Malta team provides solutions to address the unique challenges in this sector, tailoring its services to industry-specific demands.
The new Greek branch enhances the company’s services by including mergers and acquisitions of financially licensed entities. This includes brokerages, crypto exchanges, banks, e-money institutions, small payment institutions, money service businesses, insurance companies, and remittance firms worldwide.
Additionally, PSP Angels Group evaluates payment and financial projects, offering expert analysis to support various initiatives. With its broad expertise and global reach, the company is well-positioned to navigate the complexities of the financial landscape and provide strategic solutions to its clients.
Expert Guidance in Payment and Banking Solutions
The PSP Angels Group guides clients through the complexities of payment and banking options. The team provides personalized consulting services to help clients make informed decisions about payment strategies, pricing structures, and associated risks. The services include setting up payment plans, facilitating cross-border fund transfers, minimizing risks, renegotiating fees to match market rates, optimizing tax and cash flow, and refining payment and banking arrangements.
Viktoria also developed the Soltesz Payment Framework, an eight-step guide that helps international online businesses streamline their payment and banking processes. This framework assists companies in making informed decisions about payment methods and international asset transfers.
To support clients in expanding their global reach, the company offers insights into payment options in various countries and connects them with local payment providers. This ensures safer and more cost-effective banking and financial solutions. Viktoria explains, “My goal is to demystify the financial world for my clients, making global expansion and risk management as straightforward as possible.”
Importance of a Strategic Banking and Payment Approach
Viktoria asserts that businesses of all sizes and industries need a well-crafted banking and payment strategy. She highlights that such a strategy ensures smooth cash flow, integrates advanced technology and data security, and optimizes risks and costs. This approach impacts various aspects of an organization and supports long-term growth and sustainability.
“A robust payment and banking strategy is not just about managing transactions—it’s about driving efficiency, protecting assets, and supporting the overall health and expansion of a business,” Viktoria says.
Limitations of Payment Orchestration
Viktoria views payment orchestration as a useful tool but argues that it often oversimplifies and complicates matters. She notes that payment orchestration tends to focus too narrowly on one aspect of payments, overlooking critical factors such as risk management, compliance, data security, fraud prevention, contract terms, payment timelines and settlement days, and technological changes.
Instead, Viktoria advocates for a comprehensive payment and banking strategy. This approach addresses all elements of payment and banking flows, tackles related challenges, meets diverse customer needs, and supports overall business growth. “A broad, integrated strategy is key to managing payments effectively, rather than just relying on specialized tools like payment orchestration,” Viktoria says.
About Moving Money: How Banks Think
This book is essential for every business. While perfecting products, competing for new markets, and investing in marketing are necessary, companies often overlook banking and payments. Ignoring these can lead to unnecessary fees and significant operational risks. Failing to plan for banking can be a costly mistake.
Payments play a role in our daily lives, yet most of us remain unaware of how money actually moves or how different payment systems function. Understanding banking mechanisms allows us to assess risks and evaluate costs more effectively. Making informed decisions becomes easier and more impactful when we grasp the underlying reasons behind banking practices.
Viktoria shares, “As a payment expert, I will show you how banks think. I will explain the reasons behind those confusing banking decisions and reveal how the history of banking has shaped where we are today. Through real-life stories and struggles, I will help you navigate this complex landscape.”
Key Leadership Insights for Aspiring Industry Leaders
Viktoria advises aspiring leaders to gain a solid understanding of both the technical and strategic sides of their field. She emphasizes the need for continuous learning and staying current with industry trends and technological advancements to achieve long-term success.
She also highlights the importance of building a strong professional network, which can offer valuable support, insights, and opportunities for growth. Viktoria believes resilience and adaptability are crucial for handling the challenges and uncertainties in the industry.
In addition, Viktoria emphasizes effective communication and team management. She encourages leaders to foster collaboration and empower their teams. She believes true leadership combines expertise with empathy, nurtures curiosity, and builds a team capable of thriving in a constantly changing industry.
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