#516 Efficiency as an Unfair Advantage: Tomas Navickas on Scaling Digital Banking

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The CTO Show with Mehmet Gonullu

Mehmet Gonullu

535 episodes

20 hours ago

Broadcasting from Dubai, The CTO Show with Mehmet explores the latest trends in technology, startups, and venture funding. Host Mehmet Gonullu leads insightful discussions with thought leaders, innovators, and entrepreneurs from diverse industries. From emerging technologies to startup investment strategies, the show provides a balanced view on navigating the evolving landscape of business and tech, helping listeners understand their profound impact on our world. mehmet@yassiventures.com

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#516 Efficiency as an Unfair Advantage: Tomas Navickas on Scaling Digital Banking

The CTO Show with Mehmet Gonullu

54 minutes 40 seconds

1 month ago

#516 Efficiency as an Unfair Advantage: Tomas Navickas on Scaling Digital Banking

In this episode of The CTO Show with Mehmet, I sit down with Tomas Navickas, Co-Founder and CTO of myTU, a digital-first financial institution known for running an entire bank on less than €1,000/month in cloud costs. We explore how efficiency, AI, and smart architecture are redefining the future of digital banking and fintech.

Tomas shares how myTU built efficiency into its DNA, why fraud prevention requires more than rules, and how APIs and AI are reshaping payments. This conversation is packed with insights for founders, CTOs, and anyone interested in the intersection of technology, regulation, and finance.

Key Takeaways

• How efficiency became myTU’s moat in a competitive fintech landscape

• Lessons from running a bank on €1K/month in cloud costs

• The role of AI in fraud prevention — from reactive to real-time decisioning

• Why APIs are the future of B2B payments

• Cloud-native vs. legacy banking systems: what traditional banks can’t solve

• The next wave of digital banking innovation: conversational interfaces

What You’ll Learn

• Practical strategies for scaling efficiently without massive infrastructure spend

• How AI is transforming fraud detection and compliance in fintech

• The regulatory realities of building a cloud-first bank

• Why support can be minimized by design before AI automation

• Where fintech is heading in the next decade

About Tomas Navickas

Tomas Navickas is the Co-Founder and CTO of myTU, a European fintech building cloud-native digital banking solutions. With over two decades of experience in software, engineering, and financial systems, Tomas brings deep expertise in building efficient, scalable, and secure platforms.

https://www.linkedin.com/in/ntomas/

https://www.mytu.co/

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• Subscribe to the newsletter: MEA Tech & Startup Digest

• Follow Mehmet Gonullu on LinkedIn

• Share this episode with founders, CTOs, and investors who care about fintech innovation

Episode Highlights

• [00:03:00] Tomas’s journey from coding at age 6 to CTO and fintech founder

• [00:05:00] Running a bank on €1K/month — architecture decisions that made it possible

• [00:10:00] AI’s role in fraud prevention and customer protection

• [00:17:00] Cloud-native vs. legacy banks: why traditional migration fails

• [00:29:00] Reinventing B2B payments with APIs

• [00:40:00] How AI could automate compliance, support, and even development

• [00:46:00] Predicting the next wave of digital banking innovation

• [00:50:00] Tomas’s advice for founders and aspiring fintech builders