Praxis CTO Joins Discussion on Cybersecurity in Payments and Beyond

As a FinTech company headquartered in Cyprus for nearly a decade, we have witnessed the island steadily emerge as a hub for technology-driven businesses. With more and more tech companies establishing roots here, Cyprus is increasingly becoming a regional FinTech center and a hub of expertise in financial services technology. 

This was evidenced by the 16th NextGen Payments & RegTech Forum organized by QUBE Events in Limassol last week. The event brought together high-level representatives across payments and regulatory technology for engaging discussions and panels. It represented another excellent Cyprus FinTech gathering marked by insightful dialogue and participation from a wide selection of industry experts. 

As a payment technology company with a large market presence, Praxis welcomed the opportunity to engage with partners and showcase its expertise and extensive knowledge in this field. The company's Chief Technology Officer, Guy Karsenti, took part in an insightful panel discussion on evolving cybersecurity trends in payments, titled ‘Securing Financial Frontiers: Navigating Evolving Cybersecurity Trends in Payments and Beyond’.

Alongside fellow panelists Nicholas Kattirtzis of Odyssey Cybersecurity and Cyber Security Analyst Georgios Papamichael, and moderated by Andreas C. Livadiotis of XValley, the conversation explored critical topics like the EU’s Digital Operational Resilience Act (DORA), the role of regulation in security, and how technology companies are increasingly bridging the gap between FinTechs and other more traditional banking institutions in light of increasingly stringent regulatory obligations.

Summarizing his views, Karsenti highlighted Praxis’ commitment to developing innovative technologies that help secure the financial ecosystem against sophisticated threats, emphasizing that evolving threats require a collaborative effort across the payments value chain.

Commenting after the event, Praxis Tech CTO Guy Karsenti said, 

“It’s encouraging to see the formation of a hub of thought leadership in payments and regulatory technology here in Cyprus. Events like this demonstrate the momentum of the sector and reflect its increasing maturity. As a leader in the payment technology space, Praxis will continue driving these important conversations and sharing our expertise to push the industry forward.”

Overall, Praxis found the forum to be an engaging platform to explore emerging trends, forge meaningful connections, and contribute to the advancement of payments security. The company believes events like this are pivotal for collective progress and looks forward to continued collaboration with partners across the payments and regulatory technology ecosystem.

With its extensive experience and pioneering solutions, Praxis is committed to helping shape the future of payments technology worldwide. The company welcomes opportunities to showcase its capabilities, exchange insights with peers, and work together to make financial transactions seamless and safe globally.