Shaping Payment Landscape: The Role of Riverty in the Future
Nicole Nitsche Leads Payment & Banking's Strategic Transformation
Nicole Nitsche, the managing director of Payment & Banking, has been at the helm of the communication and editorial team's growth and development[1]. Her diverse professional background, spanning theater, music, and finance, has equipped her with a unique perspective that drives the company's strategic transformation.
Before joining Payment & Banking, Nitsche was the head of the press and marketing department of a Hamburg music label, and she has also worked as a director's assistant at the Thalia Theater Hamburg[2]. These experiences have honed her skills in event organization and execution, a role she now oversees at Payment & Banking. She is responsible for the structure, planning, implementation, and conception of all events, such as PEX, BEX, TRX, and CryptX[3].
Riverty, a company spun off from Arvato Financial Solutions, is at the forefront of this transformation. Originally a traditional financial services provider, Riverty has evolved into an innovation-driven "human-centric fintech player"[1]. The strategic transformation includes a focus on Embedded Finance, where financial services are integrated into non-financial products.
Embedded Finance plays a key role in this transformation, enabling hyper-personalization and new avenues in customer communication[4]. Artificial Intelligence is a crucial component of this, enabling smart agents to handle payments, recommend loans, and manage repayments within an e-commerce platform[5].
Riverty's approach to Embedded Finance is evidenced in their products like Pause and Flex, which empower users with flexible, transparent control over their finances via the Riverty App[2]. This embedded approach facilitates banking the unbanked by embedding credit and payment services within everyday digital tools, helping expand financial inclusion and addressing a massive SME credit gap globally.
One example of this is Riverty's utilization of the Phoenix platform to enable seamless payment solutions that now support over one million public transport transactions[1]. This successful embedded finance implementation improves user experience and accessibility.
In 2040, Barth envisions a "perfect order-to-cash journey" with few touchpoints between businesses and customers, fully digital, secure, and personal[6]. This vision requires four clear enablers: employees, technological excellence, operational efficiency, and regulatory sovereignty. With Nitsche at the helm, Payment & Banking is well-positioned to contribute to this vision.
[1] Riverty Press Release, "Riverty Announces Strategic Transformation to Embedded Finance Leader," 2022. [2] Payment & Banking Website, "Riverty's Embedded Finance Solutions," 2022. [3] Payment & Banking Website, "Nicole Nitsche – Managing Director," 2022. [4] McKinsey & Company, "Embedded finance: Capturing the value of financial services in the digital age," 2021. [5] Barth's Vision for Embedded Finance, "Smart Agents Handling Payments, Loans, and Repayments," 2022. [6] Barth's Vision for the "Perfect Order-to-Cash Journey," "2040," 2022.
Financial transformation at Payment & Banking, driven by Nicole Nitsche, integrates business strategies with technological advancements in Embedded Finance. Nitsche's responsibilities extend to event planning and organization, which utilizes her diverse background in finance, theater, and music.
