Open Future Blog by Syone

Happy employees are productive employees. They stay longer at the company, work better, are more accessible to motivate, and are more readily available to share ideas and promote internal innovation. Most of all, they help build a company that maintains a positive and future-facing culture. But how do we get there?

At Syone, we believe that employee well-being is not just a corporate responsibility but a strategic necessity. By prioritizing work-life balance, personal development, recognition, and comprehensive benefits, we’ve seen firsthand how these efforts can enhance satisfaction, improve retention, and drive meaningful results.

If you’re a Fintech Startup in the Nordic region—including Sweden, Norway, Denmark, and Finland— you know that the landscape is dynamic and highly competitive.

As we witness the rise of digital banking, payment solutions, crypto, and other financial innovations, stay agile while navigating increasingly complex regulatory environments.

One critical regulatory framework is the European Banking Authority (EBA) outsourcing guidelines. Startups looking to outsource processes within the Euro Zone must ensure total compliance with these regulations if they don't want to risk heavy penalties and fines.

As businesses face an increasingly competitive international ecosystem, with an abundance of new players coming in every year, one powerful strategy that’s been gaining traction is the integration of Open Source Software (OSS) with Tailored Software Development.

By combining the flexibility of open-source solutions with custom software, companies can unlock new opportunities for growth, scalability, competitive advantage and differentiation.

With financial institutions having to adapt to new regulatory frameworks, like the European Banking Authority (EBA) guidelines for outsourcing within the financial sector, the topic has gained traction as more and more financial institutions opt for it, especially in the Nordic region, which covers countries such as Sweden, Finland, Norway, and Denmark.

In this blog post, we’ll explore the meaning of EBA outsourcing, its importance, and how financial companies can comply with such guidelines to be compliant and efficient in their operations.

 Ready-made software solutions won’t always meet the unique needs of your growing business. As companies evolve, their software also needs to adapt. That’s where custom software development comes into play. Tailored specifically to the business’s processes, challenges and goals, custom software helps organizations scale efficiently and react fast to their challenges while maintaining a competitive edge. 

In this guide, we’ll explore four key reasons why custom software development is essential for business growth and how it can help your company stay competitive.