Revolutionizing the Payments Landscape: Riverty's Upcoming Impact
Riverty, once a financial services provider, has undergone a significant transformation and is now an innovation-driven fintech player, focusing on creating a human-centric approach to financial services. This shift is led by Andreas Barth, the CEO of Riverty, who envisions a future where embedded finance becomes a core driver of business efficiency and customer satisfaction.
A Vision for 2040
Barth's vision for the future of embedded finance and the Order-to-Cash (O2C) process by 2040 is one of integration, seamlessness, and intelligence. He foresees a landscape where financial services are deeply embedded into business operations and customer journeys, enabling frictionless transactions and real-time financial interactions.
Key elements of this vision include:
- The convergence of finance with digital commerce and business processes to create more automated and efficient workflows.
- Advanced technologies like AI and machine learning driving smarter decision-making and risk management within the O2C cycle.
- A future where embedded finance solutions enable companies to offer tailored financial services directly within their platforms, enhancing customer experience and accelerating cash flow.
- The use of data and connectivity to optimize credit management, invoicing, and payment reconciliation, reducing manual intervention and errors.
- Transforming traditional credit and collections practices into dynamic, proactive systems that respond instantly to market and customer needs.
The Role of Technology
Artificial Intelligence is crucial in this vision, enabling hyper-personalization and new avenues for customer engagement. Smart agents could handle payments, recommend credits, and manage repayments, all without media breaks.
The Work of Nicole Nitsche
Nicole Nitsche, the managing director of Payment & Banking, plays a significant role in achieving this vision. She is responsible for the structure, planning, implementation, and conception of all events at Payment & Banking since August 2021. Prior to this, she was the head of the press and marketing department of a Hamburg-based music label. Nitsche also has experience in theater studies, having worked as a director's assistant at the Thalia Theater Hamburg.
Nitsche's work involves organizing and managing events in the payment and banking industry, including PEX, BEX, TRX, and CryptX. She has also led the entire communication and built up the editorial team at Payment & Banking.
Riverty's Offerings
Riverty offers a variety of payment solutions and debt management services. These include "Buy Now, Pay Later" and smart back-in-flow approaches. The company's strategy is centred around embedded finance, with financial services being integrated into non-financial products like e-commerce and mobility.
In summary, Riverty, under the leadership of Andreas Barth, is striving to transform embedded finance into a core driver of business efficiency and customer satisfaction within the Order-to-Cash process by 2040. The company's vision is supported by the work of Nicole Nitsche, who is instrumental in organizing and managing events in the payment and banking industry.
Technology plays a pivotal role in Barth's vision for 2040, with artificial intelligence being a key enabler for hyper-personalization and smooth customer engagement in the realm of embedded finance. Furthermore, Riverty's strategy, in line with this vision, centers on leveraging technology to integrate financial services seamlessly into non-financial products across finance, business, and technology, such as e-commerce and mobility.
