{"id":60441,"date":"2021-05-04T11:33:35","date_gmt":"2021-05-04T10:33:35","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=60441"},"modified":"2023-06-21T16:20:28","modified_gmt":"2023-06-21T15:20:28","slug":"get-to-know-dian-nedelchev-cto-paynetics","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2021\/05\/04\/get-to-know-dian-nedelchev-cto-paynetics\/","title":{"rendered":"Get To Know: Dian Nedelchev, CTO, Paynetics"},"content":{"rendered":"\n

What would you describe as your most memorable achievement?<\/strong><\/strong><\/p>\n\n\n\n

My most memorable achievement has been at Paynetics – helping our business grow from initially serving a few hundred companies to now helping thousands. I was here from the start, so it\u2019s been hugely rewarding to see the team\u2019s efforts flourish into the cutting edge product and successful company you see today. Before the launch of digital wallet platform, phyre, there simply wasn\u2019t an e-wallet solution like ours out there and people couldn\u2019t digitalise company cards. We\u2019ve played a major role in paytech history and I\u2019m proud to be a part of it.<\/p>\n\n\n\n

What first made you think of a career in technology?<\/strong><\/p>\n\n\n\n

I\u2019ve always been drawn to the technology space because of the creativity it involves. Okay, you\u2019re not painting a picture or writing a song, but technology allows you to create something that solves problems and serves many people – so it\u2019s creative to me. Every new functionality helps to improve people\u2019s lives and I think that plays a large role in why, from the start of my career in 1999 to this day, I still enjoy my work. Like my entire team, I\u2019m happiest at the forefront of innovation.<\/p>\n\n\n\n

What style of management philosophy do you employ with your current position?<\/strong><\/p>\n\n\n\n

Honestly, my management philosophy is that I don\u2019t really manage. We work as a team of equals, regardless of seniority. I still do a few development tasks everyday as part of my job and it helps to build a culture where everyone is able to freely contribute. I\u2019ve replicated what I\u2019ve learned from my own managers and thankfully, it works.<\/p>\n\n\n\n

What do you think is the current hot technology talking point?<\/strong><\/p>\n\n\n\n

There are so many to choose from! That\u2019s what\u2019s so great about working in this sector. I think the biggest shift right in now is towards digitalising payment methods, a movement which has of course been accelerated by the pandemic.<\/p>\n\n\n\n

While working for Paynetics, I helped to develop FinTech phos\u2019 software point of sale (SoftPOS) technology, the first software solution which turns any Android NFC-enabled device into a point of sale (PoS) terminal. With one downloadable app, this solution enables merchants to accept payments using their mobile devices. This will play a significant part in ensuring the cashless revolution is accessible to everyone. It\u2019s also particularly relevant now that lockdown restrictions are beginning to ease and people will begin paying for goods and services via mobile in stores. Another hot topic is the growing popularity of the application programming interface (API) first approach. This strategy means that before developing any code, we prioritise developing APIs that are consistent and reusable so that our customers can manage all of their online platforms to perform at their best across various devices.<\/p>\n\n\n\n

How do you deal with stress and unwind outside the office?<\/strong><\/p>\n\n\n\n

To be honest, I\u2019m probably the wrong person to speak to – I work all the time because I love what I do. If the work made me stressed then I\u2019d do something else but, when I get the chance to, I just relax by listening to music.<\/p>\n\n\n\n

If you could go back and change one career decision what would it be?<\/strong><\/p>\n\n\n\n

I\u2019m not sure that I\u2019d want to change anything because I\u2019m happy with where I am now and how I got here. I always want to be doing something where I\u2019m involved in the planning and decision making of a business and working at Paynetics enables me to do exactly that. As a FinTech, we\u2019re involved in building some of the most exciting new products for the market and this remit to innovate comes with a lot of freedom.<\/p>\n\n\n\n

What do you currently identify as the major areas of investment in your industry?<\/strong><\/strong><\/p>\n\n\n\n

The central area companies are investing in right now is automation. There\u2019s been a lot of progress when it comes to automating KYC and KYP processes but it\u2019s a huge task. Currently, no one is able to automate everything. Over the next few years, firms will be pushing to drive operational efficiency and revenue, with a particular focus on accounting processes. We want to bridge this gap in the market to solve company\u2019s payment problems with one solution.<\/p>\n\n\n\n

What are the region-specific challenges when implementing new technologies in EMEA?<\/strong><\/p>\n\n\n\n

With so many different types of payments regulation out there, every region has its own challenges. From a technology perspective, we need to create a solution that follows the specific guidelines of each country. We can\u2019t take a \u2018one size fits all\u2019 approach. This means our products are tailored to the needs of these different markets and can be customised to create a sophisticated \u2018glocal\u2019 solution.<\/p>\n\n\n\n

What changes to your job role have you seen in the last year and how do you see these developing in the next 12 months?<\/strong><\/p>\n\n\n\n

At Paynetics, we\u2019re fortunate to have avoided many of the difficulties other companies have experienced during the pandemic, as we are working with digital products. We don\u2019t need to work together in an office to collaborate effectively and COVID-19 has accelerated the demand for our product.<\/p>\n\n\n\n

What advice would you offer somebody aspiring to obtain <\/strong>C-level<\/strong> position in your industry?<\/strong><\/p>\n\n\n\n

Everything depends on how you work with your team. If you\u2019re the type of person who wants to be involved in every aspect of product development, then you\u2019ll go really far in the fintech industry. While traditional payment providers and big corporates often depend on hierarchical systems, newer, agile companies enable leaders to play an active role in business operations as well as have a seat at the table when it comes to decision making. In a start-up world, you can have input into everything \u2013 even the small details \u2013 together with your team.<\/p>\n","protected":false},"excerpt":{"rendered":"

What would you describe as your most memorable achievement? My most memorable achievement has been at Paynetics – helping our business grow from initially serving a few hundred companies to now helping thousands. I was here from the start, so it\u2019s been hugely rewarding to see the team\u2019s efforts flourish into the cutting edge product […]<\/p>\n","protected":false},"author":18,"featured_media":60443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1741,15993,3032,36,4115,332,13,79],"tags":[13464],"class_list":["post-60441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-get-to-know","category-industry-verticals","category-intelligent-technology","category-intelligent-technology-newsletter","category-software","category-top-stories","category-used","tag-paynetics"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/60441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=60441"}],"version-history":[{"count":2,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/60441\/revisions"}],"predecessor-version":[{"id":60518,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/60441\/revisions\/60518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/60443"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=60441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=60441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=60441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}