Pilsenga blog https://blog.pilsenga.com Pilsenga blog Tue, 28 Jan 2025 04:11:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://blog.pilsenga.com/wp-content/uploads/2024/07/pilsenga-favicon-150x150.png Pilsenga blog https://blog.pilsenga.com 32 32 What are EU CASP licenses? https://blog.pilsenga.com/2025/01/27/what-are-eu-casp-licenses/?utm_source=rss&utm_medium=rss&utm_campaign=what-are-eu-casp-licenses https://blog.pilsenga.com/2025/01/27/what-are-eu-casp-licenses/#respond Mon, 27 Jan 2025 21:59:00 +0000 https://blog.pilsenga.com/?p=1205 In order to protect EU consumers and maintain financial stability within its member states, the European Union created the Markets in Cryptoassets Regulation (MiCA), which refers to CASP licenses. Below, we will learn more about this type of license. What are CASPs? CASP (Crypto Asset Service Provider) is a term used to refer to entities, […]

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In order to protect EU consumers and maintain financial stability within its member states, the European Union created the Markets in Cryptoassets Regulation (MiCA), which refers to CASP licenses. Below, we will learn more about this type of license.

What are CASPs?

CASP (Crypto Asset Service Provider) is a term used to refer to entities, companies, or individuals specialized in offering financial services related to digital assets and cryptocurrencies. Within this group of financial services, we can highlight custody services, crypto payment processors, digital wallets (Wallets), Exchanges, and consulting, among others.

What are CASP licenses?

CASP licenses aim to ensure that Crypto Asset Service Providers (CASPs) comply with the regulations established in the MiCA regulation and that they are authorized to offer services related to crypto assets and digital assets within the European Union.

Who regulates and oversees CASP licenses?

The MiCA regulatory framework states that the regulation, supervision, and granting of CASP licenses is the responsibility of the financial regulatory body designated by each of the European Union member states within their respective jurisdiction. In this way, each national financial authority will regulate and supervise the MiCA requirements within its respective jurisdiction, ensuring compliance with the regulatory framework in a balanced manner throughout the European Union.

What are EU CASP licenses?

How do you get a CASP license?

Crypto Asset Service Providers (CASPs) seeking to obtain an EU CASP license must have a reliable and secure system for handling crypto assets, comply with anti-money laundering laws, implement effective strategies to manage and minimize risks, as well as demonstrate operational transparency through constant and complete disclosure of financial information and transaction records.

The transition period for existing suppliers

As the application process for an EU CASP license can take several months, a transition period has been established for existing virtual asset service providers, ensuring that these providers comply with the new regulations set out in the Markets in Crypto-Assets Regulation (MiCA).

This transition period allows existing providers to continue their operations using existing licenses until mid-2026, by which time the MiCA regulation is expected to have been adopted into local legislation in all EU Member States.

What do you think about this topic? Do you want to know more about the licenses and regulations related to CASPs in the European Union?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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History of batch payments https://blog.pilsenga.com/2025/01/23/history-of-batch-payments/?utm_source=rss&utm_medium=rss&utm_campaign=history-of-batch-payments https://blog.pilsenga.com/2025/01/23/history-of-batch-payments/#respond Thu, 23 Jan 2025 21:53:00 +0000 https://blog.pilsenga.com/?p=1199 Batch payment is a financial service that allows companies to make multiple payments in a single transaction. Below, we will learn more about the history and evolution of this innovative financial management tool. Beginnings The concept of batch payment began with manual batch processing, specifically in the late 19th century. The punched card system (developed […]

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Batch payment is a financial service that allows companies to make multiple payments in a single transaction. Below, we will learn more about the history and evolution of this innovative financial management tool.

Beginnings

The concept of batch payment began with manual batch processing, specifically in the late 19th century. The punched card system (developed by statistician Herman Hollerith) made it possible to process data from the 1890 United States census in an innovative and efficient manner, as punched cards drastically reduced the time required to process census data. For example, instead of taking several years (as in previous censuses), processing data for the 1890 census took only a few months. The method involved encoding information by punching holes in the cards, which were read by a tabulating machine that could automatically count and sort the data.

Using mainframe computers

The use of punch cards not only improved efficiency but also marked the beginning of the application of technologies in the management of large volumes of data, laying the foundation for the modern computing and information technology industry. It is important to note that Hollerith’s technology was so successful that he later founded a company that would become IBM (International Business Machines).

Through the use of punch cards, companies entered data into central computers, which were then processed quickly and accurately, which allowed different repetitive tasks to be automated with greater precision. This technology allowed companies to execute the first batch payments around 1950 to pay payroll, suppliers, and end-of-month reconciliations, which were repetitive tasks on a monthly basis.

This great technological advance allowed batch payment processes, data processing, inventory management, payroll, or billing to be carried out in a more efficient and secure way. For example, batch payment of payroll or vendors was achieved because companies could collect all employee and vendor paychecks into a single batch and process them together on the mainframe.

For monthly reconciliation, Batch Payments for Business allowed businesses to collect and process all financial information for the month, then batch process all the data on the mainframe to ensure the accuracy and consistency of all transactions.

Digital transition of batch payments

The last three decades of the 20th century saw a major technological advancement that benefited batch payments, making the system more efficient and accessible. The biggest breakthrough came in the early 1970s through the late 1980s with the adoption of the automated clearing house (ACH) system, which allowed banks to transact funds with other banking entities, helping to streamline batch payments to vendors and payrolls. Instead of processing each transaction individually, ACH groups multiple payments into batches, significantly reducing costs and processing time.

With the advent of digitalization, electronic payment systems began to be integrated into business processes. Platforms such as electronic funds transfers (EFT) and automated clearing systems (ACH) enabled organizations to process multiple payments simultaneously, reducing costs and increasing efficiency.

History of batch payments

Batch payment in the Internet era

At the end of the 20th century, batch payments underwent their second digital transformation, which led to them being adopted by more companies. During the 1990s, the Internet era emerged, which generated the creation of electronic commerce and, therefore, led financial institutions to offer online banking services, which allowed companies and consumers to market different products and services within the web, especially by using credit and debit cards to make electronic payments, either through emerging payment gateways and other digital payment systems, which allowed multiple payments to be made in a single transaction.

Batch payment in the 21st century

During the 21st century, batch payments have benefited from the advancement of technology and its application in financial systems. Batch payments are currently more efficient, secure, and profitable since Fintechs have developed software and online platforms that allow companies to automate their group payment processes, thus offering the possibility of having faster and more efficient financial transactions.

An example of the significant advances and collaborations that the organizations have had, financial institutions and companies in the last two decades, is the adoption and implementation of the SEPA payment system, which has allowed for efficient “batch payment” transactions within the countries belonging to the Eurozone.

What do you think about this topic? Do you want to know more about the batch payment service?

If you are interested in Pilsenga’s products or services (including batch payment service for businesses), you can contact us by visiting the following link.

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Difference between the DORA and MiCA regulations of the European Union https://blog.pilsenga.com/2025/01/20/difference-between-the-dora-and-mica-regulations-of-the-european-union/?utm_source=rss&utm_medium=rss&utm_campaign=difference-between-the-dora-and-mica-regulations-of-the-european-union https://blog.pilsenga.com/2025/01/20/difference-between-the-dora-and-mica-regulations-of-the-european-union/#respond Mon, 20 Jan 2025 21:35:00 +0000 https://blog.pilsenga.com/?p=1195 The European Union developed the Digital Operational Resilience Act (DORA) and the Markets in Cryptoassets Regulation (MiCA), two regulatory standards that aim to improve the stability and security of the European Union financial system. However, even though both standards contribute to a more solid and reliable financial ecosystem, there are some notable differences between both […]

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The European Union developed the Digital Operational Resilience Act (DORA) and the Markets in Cryptoassets Regulation (MiCA), two regulatory standards that aim to improve the stability and security of the European Union financial system. However, even though both standards contribute to a more solid and reliable financial ecosystem, there are some notable differences between both regulations. Below, we will learn about the main differences between the DORA and MiCA regulations of the European Union.

Purpose

The Digital Operational Resilience Act (DORA) and the Markets in Cryptoassets Regulation (MiCA) are European Union regulations that serve different purposes. For example, the Digital Operational Resilience Act (DORA) aims to ensure the resilience of financial institutions and service providers to information technology risks and to reduce the risk of cyberattack communication (ICT).

For its part, the Cryptoasset Markets Regulation (MiCA) aims to create a regulatory framework for cryptoassets within the member states of the European Union, providing greater legal certainty and protection, both to consumers and to the market in general.

Scope

The DORA Law was developed to be applied to financial institutions and critical entities within the European Union financial market, which must comply with the DORA Law by adopting and applying ICT systems and processes that allow them to withstand possible failures or operational interruptions, in addition to other risks related to information and communication technologies (ICT).

On the other hand, MiCA has a more limited scope in relation to the DORA law, since MiCA was developed to be applied to entities, institutions, and companies providing financial services and organizations that operate in the market and that are involved in the issuance, negotiation, and custody of cryptoassets (Crypto Asset Service Providers, CASP) within the European Union.

Difference between the DORA and MiCA regulations of the European Union

Approach

The DORA Act primarily focuses on ensuring the resilience, responsiveness, and recovery of financial institutions and firms within the European Union that may be affected by operational disruptions and ICT-related cyber threats.

On the other hand, MiCA focuses primarily on ensuring that the crypto-asset market within the European Union remains with a high degree of integrity and financial stability, as well as guaranteeing the trust and security of consumers and investors.

Key elements

The Digital Operational Resilience Act (DORA) and the Markets in Cryptoassets Regulation (MiCA) differ in the way they regulate, as they make use of different key elements to achieve their objective.

DORA Act seeks to improve the resilience of companies, financial institutions, and ICTs through key elements such as risk management, third-party monitoring (critical ICT service providers), incident reporting standards, and ICT system testing.

MiCA, for its part, seeks to regulate the cryptoasset market through key elements such as requirements for cryptoasset issuers and service providers, rules for cryptoasset trading platforms, and the classification and regulation of cryptoassets.

What do you think about this topic? Do you want to know more about the European Union’s DORA and MiCA regulations?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Main types of accounting packages for companies https://blog.pilsenga.com/2025/01/16/main-types-of-accounting-packages-for-companies/?utm_source=rss&utm_medium=rss&utm_campaign=main-types-of-accounting-packages-for-companies https://blog.pilsenga.com/2025/01/16/main-types-of-accounting-packages-for-companies/#respond Thu, 16 Jan 2025 20:56:00 +0000 https://blog.pilsenga.com/?p=1188 Having the right accounting package is essential for businesses to have efficient and effective financial management of their resources. Accounting tools not only simplify tasks such as recording transactions, generating financial reports, and regulatory compliance but also allow businesses to make informed decisions based on concrete data. Below, we will learn about the main types […]

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Having the right accounting package is essential for businesses to have efficient and effective financial management of their resources. Accounting tools not only simplify tasks such as recording transactions, generating financial reports, and regulatory compliance but also allow businesses to make informed decisions based on concrete data. Below, we will learn about the main types of Accounting Package for Business.

Types of accounting packages

Currently, there are several types of accounting packages for companies, each one adapting to the needs of each organization. It is important to keep in mind that the characteristics, needs, and level of complexity may vary depending on the size of each company.

Basic accounting packages

Entry-level accounting packages are financial tools that are designed for small and micro businesses that do not need complex functions to manage their financial operations. Generally, this alternative is easy to use and its price is lower compared to other alternatives on the market since it offers basic functions such as invoicing, expense tracking, and basic financial reports, which is an ideal financial tool for small businesses. However, this tool has many limitations regarding scalability.

Intermediate Level Accounting Packages

Mid-level accounting packages are financial tools designed for businesses that want to grow or expand their operations and require more features, whether additional or complementary. These types of packages are characterized by offering scalability to companies, in addition to allowing easy integration with other accounting systems, which makes them an ideal option for medium-sized companies and growing companies.

Main types of accounting packages for companies

Advanced Accounting Packages

accounting packages are designed for companies that require more advanced and automated functions, such as managing and integrating all financial operations and administrative processes, as well as having the ability to integrate with other pre-existing accounting or financial systems.

Generally, these types of packages require a certain level of advice or training to take full advantage of all their functions, which makes them an indispensable tool for large companies that need to optimize their operations, manage their business processes, and improve the financial efficiency of the entire organization.

Specialized accounting packages or customized

Specialized or customized accounting packages are designed to meet the needs and regulatory requirements of a specific industry. They are generally characterized by offering functions specifically designed to help with the management and financial challenges that certain companies in certain industrial sectors may face. Some industrial sectors that use this type of tool are the health sector, energy sector, construction sector, hotel sector, and non-profit organizations, among others.

What do you think about this topic? Do you want to know more about Pilsenga’s business accounting packages?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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What are the top 10 geothermal energy companies globally? https://blog.pilsenga.com/2025/01/13/what-are-the-top-10-geothermal-energy-companies-globally/?utm_source=rss&utm_medium=rss&utm_campaign=what-are-the-top-10-geothermal-energy-companies-globally https://blog.pilsenga.com/2025/01/13/what-are-the-top-10-geothermal-energy-companies-globally/#respond Mon, 13 Jan 2025 22:56:00 +0000 https://blog.pilsenga.com/?p=1184 Geothermal energy companies harness the Earth’s natural heat to generate electricity and offer heating solutions. These types of companies stand out for specializing in the exploration, development and management of geothermal resources that will be used as sustainable and renewable energy sources to contribute to the fight against climate change. Below, we will learn about […]

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Geothermal energy companies harness the Earth’s natural heat to generate electricity and offer heating solutions. These types of companies stand out for specializing in the exploration, development and management of geothermal resources that will be used as sustainable and renewable energy sources to contribute to the fight against climate change. Below, we will learn about the main geothermal energy companies globally.

Calpine Corporation

Calpine Corporation is an American company that was founded in 1984. It is characterized by being a company specialized in renewable energy and is currently the main generator of electric energy in the United States, mainly taking advantage of sources such as natural gas and geothermal resources. The company has an approximate generation capacity of 27,000 megawatts with which it can supply energy to 27 million homes.

Calpine Corporation operates The Geysers project, the world’s largest geothermal energy complex, which harnesses natural steam from deep wells to generate clean, renewable electricity—enough to supply half of the geothermal energy consumed by the state of California.

Energy Development Corporation (EDC)

Energy Development Corporation (EDC) is a geothermal energy company based in the Philippines, known for being the number one geothermal energy producer in the Philippines and the second largest producer in the world. Energy Development Corporation operates geothermal power plants in various regions of the Philippines, through which they offer 100% renewable and affordable energy.

Enel Green Power

Enel Green Power is an Italian company founded in 2008. It is part of the Enel Group and is known for being a company specialized in the development and management of renewable energies, such as geothermal energy. Through its geothermal power plants, Enel Green Power is able to extract heat from deep wells (3,000 meters deep) to convert it into electrical or thermal energy.

Ormat Technologies

Ormat Technologies is an American company founded in 1965 and specializes in geothermal energy. Headquartered in Nevada (United States), it is characterized by being a company specializing in the exploration, design, development, construction, and operation of geothermal power plants around the world. It stands out for its more than 190 geothermal power plants distributed in different projects in North America, South America, Europe, Asia, and Australia.

Pertamina Geothermal Energy

Pertamina Geothermal Energy is a company founded in 2006 and is part of PT Pertamina or Perseo (Indonesia’s state-owned oil and gas company). Pertamina Geothermal Energy is characterized by being a company focused on the exploration and use of geothermal resources in Indonesia, a country with extensive geothermal potential thanks to its geographical location on the “Ring of Fire,” a 40,000-kilometer-long tectonic chain located in the Pacific Ocean, shaped like a horseshoe and characterized by high seismic and volcanic activity.

It is worth noting that thanks to Pertamina Geothermal Energy’s ability to provide 82% of Indonesia’s installed geothermal energy capacity, they have managed to reduce CO2 emissions by almost 10 million tons per year, thus contributing to national and global decarbonization.

What are the top 10 geothermal energy companies globally?

Novomet

Novomet is a Russian company founded in 2018 that specializes in the design, development, construction, and installation of geothermal technologies. It is a company that offers a wide range of solutions for the completion and production of wells, including equipment for upper and lower completion systems necessary for the exploitation of geothermal resources. Novomet offers technology, products and services that ensure the efficient, reliable and sustainable operation of geothermal wells in the long term.

China Shaanxi Geothermal Energy Development Corporation

China Shaanxi Geothermal Energy Development Corporation is a Chinese company founded in 2013 that specializes in renewable energy, particularly in the geothermal energy sector. It is characterized by being a company that takes advantage of geothermal resources to produce clean and sustainable energy. One of the most important projects is the Yangbajing geothermal power plant in Tibet and the Xianyang geothermal power plant in Shaanxi.

NIBE Group

NIBE Group is a Swedish company founded in 1955, specializing in the design, development, manufacturing and supply of energy solutions for air conditioning and indoor heating. NIBE Group is currently a company with a presence around the world and has focused on the distribution of products that offer an efficient solution for air conditioning and indoor heating by using solar and geothermal energy. Among the most important products supplied by NIBE Group are heat pumps and geothermal installation equipment.

Terra-Gen Power

Terra-Gen Power is an American company founded in 2007 that specializes in the exploration, design, development and operation of utility-scale renewable energy projects. Terra-Gen Power is one of the leading companies in the United States that generate renewable energy through different technologies, including geothermal, solar and wind energy, thus promoting and contributing to sustainable energy solutions.

Alterra Power Corp

Alterra Power Corp is a Canadian company founded in 2011 that specializes in the generation of renewable energy, where it stands out its hydroelectric, wind, solar, and geothermal power plants. It is worth noting that Alterra Power Corp’s geothermal operations are primarily carried out in the United States and Iceland, such as the Reykjanes geothermal power plant in Iceland, which has an installed generating capacity of approximately 100 MW.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for energy companies?

If you are interested in Pilsenga’s products or services (including financial services for energy companies) you can contact us by visiting the following link.

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Seven advantages of Euro IBAN accounts for companies https://blog.pilsenga.com/2025/01/09/seven-advantages-of-euro-iban-accounts-for-companies/?utm_source=rss&utm_medium=rss&utm_campaign=seven-advantages-of-euro-iban-accounts-for-companies https://blog.pilsenga.com/2025/01/09/seven-advantages-of-euro-iban-accounts-for-companies/#respond Thu, 09 Jan 2025 21:52:00 +0000 https://blog.pilsenga.com/?p=1177 In an increasingly globalized world, companies need financial solutions that allow them to operate with greater efficiency and flexibility. One of these key tools is the Euro IBAN account for companies (EUR IBAN Account), an option that has gained popularity among companies in various sectors. Below, we will learn about some of the advantages of […]

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In an increasingly globalized world, companies need financial solutions that allow them to operate with greater efficiency and flexibility. One of these key tools is the Euro IBAN account for companies (EUR IBAN Account), an option that has gained popularity among companies in various sectors. Below, we will learn about some of the advantages of this type of account for companies.

Better financial management

Euro IBAN accounts provide companies with better control of their finances, helping to improve the financial stability of the organization, as well as allowing personalized management through dedicated IBAN accounts, which allow companies to carry out transactions in an orderly and efficient manner.

Cross-border transactions

Euro IBAN accounts for companies allow cross-border transactions (payments and collections) to be carried out easily and effectively, which helps companies optimize their international operations and expand their market reach, since through this type of account, transactions can be made with suppliers, customers, and employees who are located in the more than 88 countries that have adopted the IBAN system.

High level of security

Euro IBAN accounts for companies (EURO IBAN Account) have a high level of security (especially compared to traditional accounts), which allows it to offer companies greater protection in their financial transactions and in the management of their users’ personal information, which reduces the risk of fraud, theft or possible threats.

Compliance with industry regulations and standards

Euro IBAN accounts for businesses that help comply with financial industry regulations and standards, allowing Financial operations to comply with certain industry standards of security and transparency, which reduces the risk of sanctions, fines, or legal problems.

Seven advantages of Euro IBAN accounts for companies

Optimized and efficient transactions

Euro IBAN accounts help companies optimize and improve the efficiency of their financial transactions since these types of accounts are integrated with the SEPA (Single Euro Payments Area) payment network, which allows for faster, more transparent, and lower-cost transactions within the Eurozone. All this allows companies to optimize their financial operations, reduce their operating costs, and improve the financial efficiency of the entire organization.

Additional services

Generally, providers of IBAN accounts in euros for companies offer additional or complementary financial services, which allow to improve the functionality of the IBAN accounts in euros, helping companies to improve and optimize their financial operations and resource management. Among the main complementary financial services, are accounting packages, batch payments, digital wallets, and payment processors, among others.

24/7 Access

Euro IBAN accounts for companies offer 24/7 access through online platforms, allowing companies to manage their finances at any time from any location, meaning that time zones are no impediment to carrying out a financial transaction or operation, which means greater flexibility to make decisions in a timely manner in response to any financial need or opportunity.

What do you think about this topic? Would you like to know more about the Euro IBAN account service for companies in Pilsenga?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Five Myths about the Digital Operational Resilience Act (DORA) https://blog.pilsenga.com/2025/01/07/five-myths-about-the-digital-operational-resilience-act-dora/?utm_source=rss&utm_medium=rss&utm_campaign=five-myths-about-the-digital-operational-resilience-act-dora https://blog.pilsenga.com/2025/01/07/five-myths-about-the-digital-operational-resilience-act-dora/#respond Tue, 07 Jan 2025 02:47:36 +0000 https://blog.pilsenga.com/?p=1169 During the digital era, different rules and laws have emerged with the aim of regulating the sector and generating greater confidence in users of digital platforms in the financial sector. One of these rules is the Digital Resilience Act (DORA) created by the European Union. However, some myths have been created about this law. Below, […]

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During the digital era, different rules and laws have emerged with the aim of regulating the sector and generating greater confidence in users of digital platforms in the financial sector. One of these rules is the Digital Resilience Act (DORA) created by the European Union. However, some myths have been created about this law. Below, we will learn about some of the most common myths:

Regulates only ICT within the EU

Many people and businesses have come to believe that the Digital Resilience Act will only apply to financial institutions or companies and information and communications technology (ICT) service providers based in the European Union (EU). However, DORA has a reach beyond the EU and can affect any ICT provider that provides services to EU companies, regardless of their location.

Regulates only cybersecurity

Some people think that DORA only regulates cybersecurity. However, even though cybersecurity is an important part of this regulation, DORA is a comprehensive regulation that covers several aspects, as this law is intended to strengthen the operational resilience of the financial sector in Europe, so that companies can withstand and recover from serious operational disruptions, thereby safeguarding the economy as a whole.

Regulates only financial entities

Many people and businesses believe that the DORA Act only regulates financial institutions. However, this Act implements mandatory contractual terms for agreements between financial institutions and third-party providers.  ICT seeks to ensure that these organizations have clear rights and obligations, thus promoting operational resilience and compliance with the law for all those involved.

Myths about the Digital Operational Resilience Act (DORA)

Regulation without evolution or application in the future

Some people think that the Digital Operational Resilience Act is a completely new regulation and that it will not have any kind of evolution or application in the future. However, the DORA Act introduces a regulatory framework with a more coherent and comprehensive approach to digital operational resilience, generally to encompass the growing and significant complexity of ICT in the financial sector.

Importantly , this law enhances existing legal frameworks as it builds on regulations related to operational resilience, such as the Network and Information Security (NIS) Directive, the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) guidelines.

Its date of entry into force may be postponed

Some People and companies have come to think that because it is a regulation that has taken more than two years to come into force, the deadline can be changed and postponed. However, the truth is that the date for this law to come into force is set for January 17, 2025, and financial institutions and ICT service providers must be prepared to comply with the regulations from the established date.

What do you think about this topic? Do you want to know more about the Digital Resilience Act (DORA)?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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Online banking for solar energy companies: Why choose Pilsenga? https://blog.pilsenga.com/2025/01/02/online-banking-for-solar-energy-companies-why-choose-pilsenga/?utm_source=rss&utm_medium=rss&utm_campaign=online-banking-for-solar-energy-companies-why-choose-pilsenga https://blog.pilsenga.com/2025/01/02/online-banking-for-solar-energy-companies-why-choose-pilsenga/#respond Thu, 02 Jan 2025 21:58:00 +0000 https://blog.pilsenga.com/?p=1162 In order for solar energy companies to maintain constant growth and be competitive in their sector, they need Fintech or financial institutions that provide them with online banking services. Below, we will learn some reasons for choosing Pilsenga as an online banking provider for solar energy companies. High level of security Solar energy companies need […]

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In order for solar energy companies to maintain constant growth and be competitive in their sector, they need Fintech or financial institutions that provide them with online banking services. Below, we will learn some reasons for choosing Pilsenga as an online banking provider for solar energy companies.

High level of security

Solar energy companies need online banking with a high level of security, as this will allow them to safeguard and manage their financial resources safely and efficiently, as well as protect the personal information of their clients or users.

At this point, Pilsenga stands out, as it implements different security measures on its platform, such as two-factor authentication, multiple asset custody, identity verification system, transaction approval, integration of security controls, among others. It is important to note that Pilsenga complies with different rules and guidelines established by the financial industry, which guarantees certain standards of quality and security on its platform.

Trust and risk assessment

The solar energy sector is constantly growing, due to this, these types of companies not only look for online banking with a wide range of financial solutions, but also want to have a partner they can trust and that allows them to grow by relying on their financial services, especially through personalized treatment and professional advice during their long financial journey.

Pilsenga stands out at this point since it guides its clients throughout the onboarding process, helping them assess risks and increase trust. One example of this is Pilsenga’s dedicated manager service. One example of this is Pilsenga’s dedicated manager service, which is available 24/7 and provides personalized support in English, Italian, and Spanish (with native speakers).

Online banking for solar energy companies: Why choose Pilsenga?

Accounting package

Solar energy companies generally need an online banking service that provides them with “real-time” information on their financial transactions and resource management, which will allow them to make decisions in a reasonable time, improving the financial management of the entire organization, which will contribute to internal control, regulatory compliance, financial health, and company growth.

In this point, Pilsenga stands out, as it offers an online banking service that has a modern accounting package, which allows companies to access a detailed record of all their financial transactions, allowing them to make better decisions and comply with its various legal and tax obligations. It is important to note that Pilsenga’s accounting package is designed to meet the needs of companies in the energy sector, which is synonymous with a more efficient and effective accounting tool.

Helps expand market reach

Fintechs or institutions that provide online banking services must have the capacity to offer financial tools and complementary services that meet the needs of companies in the energy sector, especially with regard to the growth and expansion of their operations, allowing solar energy companies to expand their market reach.

In this point, Pilsenga stands out, as it has the capacity to offer solar energy companies a scalable online banking service that adapts to the different needs of the sector, which allows the company to grow and develop as it expands its market reach. Among the complementary financial services offered by Pilsenga, we can highlight the dedicated IBAN account service, multi-currency IBAN accounts, payment processors, batch payments, wallet, and exchange.

What do you think about this topic? Do you want to know more about Pilsenga’s online banking service for solar energy companies?

If you are interested in Pilsenga’s products or services (including financial services for companies in the energy sector), you can contact us by visiting the following link.

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History of wallets https://blog.pilsenga.com/2024/12/30/history-of-wallets/?utm_source=rss&utm_medium=rss&utm_campaign=history-of-wallets https://blog.pilsenga.com/2024/12/30/history-of-wallets/#respond Mon, 30 Dec 2024 21:16:00 +0000 https://blog.pilsenga.com/?p=1158 Today, businesses and consumers have access to digital wallets, financial tools that allow them to manage their financial resources online and speed up the payment process through more efficient and secure transactions. Below, we will learn more about the history and evolution of digital wallets. First digital wallets Digital wallets have constantly evolved with technology […]

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Today, businesses and consumers have access to digital wallets, financial tools that allow them to manage their financial resources online and speed up the payment process through more efficient and secure transactions. Below, we will learn more about the history and evolution of digital wallets.

First digital wallets

Digital wallets have constantly evolved with technology and are adjusting to the needs of consumers. For this reason, it is known that digital wallets have their origin in the first digital transaction recorded in 1994, through an online purchase through the Netmarket website, which managed to sell a CD of the album “Ten Summoner’s Talk” by the singer Sting.

However, it was not until 1998 with the launch of Confinity (after its merger with X.com it was renamed Paypal) that what is known as the beginning of digital wallets was established, since users could store electronic money and make online payments through this platform.

Later, between 2000 and 2005, several systems appeared to facilitate online payments; one of these was Google Checkout (which was discontinued in 2013). Then, in 2008, Bitcoin and the concept of blockchain were introduced, which popularized the use of cryptocurrencies and paved the way for decentralized digital wallets. One of these first cryptocurrency wallets was Bitcoin Core or Bitcoin-Qt, which allowed its users to store, manage, and transact with Bitcoin.

Digital wallets for mobile payments

Between 2010 and 2015, there was a boom in smartphones, which allowed access to more online tools, which boosted the use of mobile digital wallets.

Thanks to the advancement of technology, Companies like Google and Apple launched their respective digital wallets, which allowed users to pay, store cards, tickets, coupons, accumulate loyalty points and redeem discounts by applying NFC (Near Field Communication) technology.

Around 2015, after the launch of Android software, adopted by Google, the use of digital wallets became even more popular, which were generally used to purchase or make payments for applications within the Android and iOS platforms.

Digital hardware wallets

Digital hardware wallets were introduced in 2013, which are characterized by being devices that allowed private keys to be kept offline, making them less vulnerable to piracy and providing a higher level of security and control to users, especially those who managed cryptocurrencies at that time.

History of wallets

Impact of the pandemic

One of the reasons for the acceleration in the adoption of digital wallets was the need for contactless payments since 2020 during the COVID-19 pandemic. This allowed users to make transactions in an easier and safer way to acquire goods and services.

Integration with DeFi and NFT

Another significant advancement that the digital wallet had during 2020 was the ability to integrate with decentralized finance (DeFi) and non-fungible token (NFT) platforms, which allowed the functionality of digital wallets to be significantly expanded.

This integration allowed users to interact with digital wallets through smart contracts, lend (and borrow) digital assets, as well as manage NFTs directly from their digital wallets.

Digital wallets today

Digital wallets have evolved to offer features beyond payments, such as management and storage of digital assets (FIAT money and cryptocurrencies), integration with payment processors, conversion between FIAT currencies and cryptocurrencies, etc. An example of this is Pilsenga’s digital wallet service, which offers a comprehensive solution since in addition to the functions mentioned above, it also offers different tools such as multi-currency IBAN accounts, dedicated IBAN accounts, payment gateway, accounting packages, batch payments, among others, integrating all these tools and functions in one place.

What do you think about this topic? Do you want to know more about Pilsenga’s digital wallet service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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What financial services might a medium-sized company need? https://blog.pilsenga.com/2024/12/26/what-financial-services-might-a-medium-sized-company-need/?utm_source=rss&utm_medium=rss&utm_campaign=what-financial-services-might-a-medium-sized-company-need https://blog.pilsenga.com/2024/12/26/what-financial-services-might-a-medium-sized-company-need/#respond Thu, 26 Dec 2024 21:49:00 +0000 https://blog.pilsenga.com/?p=1153 Financial services help medium-sized companies to efficiently manage their financial resources, in addition to minimizing the risks associated with transactions or custody of assets, which allows the organization to grow and achieve its strategic objectives. Below, we will learn about some financial services that medium-sized companies may need. Multi-currency dedicated accounts Multi-currency dedicated accounts allow […]

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Financial services help medium-sized companies to efficiently manage their financial resources, in addition to minimizing the risks associated with transactions or custody of assets, which allows the organization to grow and achieve its strategic objectives. Below, we will learn about some financial services that medium-sized companies may need.

Multi-currency dedicated accounts

Multi-currency dedicated accounts allow medium-sized businesses to hold, send and receive financial assets in multiple currencies from a single account. It is important to note that the number of currencies available varies depending on the service provider. For example, in the case of Pilsenga, its multi-currency accounts work with more than 30 currencies, providing a flexible solution adapted to the needs of international trade.

Electronic money

Through the electronic money service, medium-sized companies can carry out their transactions or financial operations effectively and efficiently, especially thanks to the use of currencies or digital assets (which are stored electronically), which allows them to streamline their financial operations and have more flexibility, since cash is not used and dependence on traditional banking services is reduced.

Electronic money services are financial solutions designed to meet the needs of many medium-sized companies, as they allow them to manage funds, improve cash flow, send/receive payments quickly, monitor transactions in real time, reduce operating costs, among others. All of this improves the financial management of the entire organization.

Batch payments

Through the batch payment service, medium-sized companies can carry out multiple payments through a single operation or transaction, which allows for several payments to be made quickly and efficiently, in addition to minimizing manual errors and optimizing the financial resources of the entire organization. It is important to note that these payments can be made to both suppliers and workers (payroll payment).

FIAT Online Ledgers

FIAT online ledgers or online accounting books are financial tools that allow medium-sized companies to manage all their transactions and operations (income, expenses, assets, liabilities) in fiat currency (FIAT) online, which allows the company to have better management and control of its financial resources.

What financial services might a medium-sized company need?

Virtual Currency (VC) Ledgers

Virtual currency (VC) ledgers, or virtual currency accounting books, allow medium-sized businesses to record and manage all their financial transactions/operations (income, expenses, assets, liabilities) in virtual currencies or cryptocurrencies.

Digital Wallet (Wallet)

Digital wallets offer medium- sized businesses a practical solution to securely store the private keys needed to manage their cryptocurrencies and other digital assets. These software-based tools stand out for their ability to streamline payment processes and enable more secure and efficient online transactions, thus facilitating the financial management of medium-sized businesses in the digital environment.

Exchange

The Exchange service allows the exchange and trade of financial assets, including cryptocurrencies, digital assets or foreign currencies. By having an Exchange service, medium-sized companies can buy, sell or exchange their digital assets and become part of the financial ecosystem by having access to a real-time exchange platform.

What do you think about this topic? Do you want to know more about financial services for medium-sized businesses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

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