The Cryptonomist interviewed Nikolay Denisenko, Brighty App Co-founder and Chief Technical Officer to talk about his past journey working at Revolut and his experience in the fintech sector.
In fact, Nikolay is a techpreneur and has 10+ years of experience in Applied Mathematics, business process management, and developing applications. Before building Brighty, he was a Lead Backend Engineer at Revolut, who developed Revolut Business, considered the company’s most profitable division.
Your journey from Revolut to co-founding Brighty is impressive. Can you share the key experiences and lessons from Revolut that have shaped your approach to developing Brighty?
Thanks! I’m grateful for my journey at Revolut and the team I had the opportunity to work with. My time there has helped me grow a user-centric mindset. When developing Brighty App and coming out with new features, user experience is top of mind. For us it’s important to make sure that the app is reliable and easy to navigate, helping users manage their finances in the simplest way possible.
From a technical standpoint, I’ve also had the chance to hone my technical skills while at Revolut, battle-testing codes and implementing new competitive features that were innovative and harder to come by at the time.
Besides this, it was inspirational to witness Revolut’s growth and scaling operations efficiently while maintaining a robust security framework was crucial there – these lessons are pivotal in Brighty’s development, though it’s important to note that each company and app has its own trajectory and circumstances to navigate.
As someone with extensive experience in fintech, what do you see as the most significant trends and challenges in the crypto fintech space today?
In the crypto fintech space, we’re seeing a push towards decentralized finance (DeFi) platforms, which are revolutionizing traditional banking, lending and investments. Blockchain technology is being integrated to facilitate more transparent and secure transactions, and AI is set to play a big role in developments within the fintech space.
I feel like a broken record at this point by saying this, but the biggest challenge is the regulatory landscape. Each jurisdiction has its own way of approaching cryptocurrencies and we always have to be vigilant when it comes to new rules, as well as being proactive about anti-money laundering and internal screenings. As a regulated app, we have an experienced team in place to ensure that we stay up to date with the latest legislations and adhere to these.
Trust and adoption are another challenge. It’s an exciting space, but as a continuously growing industry that is yet to see mass adoption, the general public is deterred by the volatility the crypto market experiences. The technical nature of the industry is also hindering trust and adoption, not to mention the scam stories that become infamous and catch the eye of the press, further hurting the image of the crypto fintech space.
AI is transforming many industries, including finance. How is Brighty leveraging AI to enhance its offerings, and what potential do you see for AI in the broader crypto fintech industry?
That’s a great question because we are actually just about to launch our newest AI driven product for our Brighty Pro members. Brighty will offer an AI Investment Platform where users can invest in data-driven strategies with just one click.
AI will help analyze millions of data points and provide continuous monitoring and adjustments based on market trends, news, and behaviors to optimize returns. We look forward to this launch and offering this investment opportunity to our app members.
In the broader crypto fintech industry, AI has the potential to revolutionize risk management, automate trading strategies, and streamline compliance and support processes.
Given your background in business process management, how do you ensure that Brighty’s operations are both efficient and scalable, especially in such a rapidly evolving industry?
First and foremost, we’ve gathered a hard-working and efficient team that are helping keep business processes smooth. At Brighty, we focus on scalable infrastructure and agile methodologies, which allow us to quickly adapt to the fast pace of the industry and user needs. Internally, we perform regular performance reviews and leverage analytics to help us identify bottlenecks and optimize processes.
This ensures that as we grow, our operations remain smooth and scalable.
Looking ahead, what innovative features or developments can we expect from Brighty? Are there any emerging technologies or trends you are particularly excited about integrating into your platform?
Our most exciting next development is the AI investment manager I mentioned earlier. We think this will help make our user experience better given the wider capabilities of the app, and attract new users who want to try out new investment strategies.
Brighty’s earning vaults are also a cool product that provide substantially higher earning potential compared to traditional financial institutions, without locking any funds – we plan on continuing improving this feature and providing a wider choice of assets to earn on.
We also plan on upgrading our Brighty crypto card capabilities, which will give our members even more earning possibilities – more information on that is coming soon, so I encourage you to follow us across socials to not miss any news!
