Join the Community

21,448
Expert opinions
43,646
Total members
358
New members (last 30 days)
134
New opinions (last 30 days)
28,507
Total comments

Banking

Banks nowadays are in stiff competition for human resources with fintech. The financial technology sector often offers higher pay. Still, the prospects of many such start-ups are difficult to forecast – they are as likely to occupy a solid niche as they are to go bust. Stable companies in Latvia are only a handful. Primarily, fintech players active in Latvia are headquartered in foreign countries – the United Kingdom, to name one – despite maintaining offices in Riga and employing staff in Latvia

Luke Allchin

Luke Allchin Director - North America at RFI Global

Bridging the Gap: Financial Institutions' Role in Supporting Younger Generations' Retirement Goals

Retirement planning has always been a crucial aspect of financial health, but the approach to it has evolved significantly over the years. The generational divide in the US presents a fascinating landscape where Baby Boomers, Gen X, Millennials, and Gen Z each exhibit distinct attitudes and strategies toward retirement. Understanding these shifts ...

/wealth /retail

Pallavi Kapale

Pallavi Kapale Senior Financial Crime Officer (2LOD) at Bank of China (UK) Limited

The Journey from Writing to Exiting: The Importance of Suspicious Activity Reporting (SAR)

Are you looking to learn more about Suspicious Activity Reporting? From writing reports to exiting, I've got you covered! Let's dive in and explore the world of Suspicious Activity Reporting together. Filing Suspicious Activity Reports (SARs) is a critical process that facilitates financial institutions in their efforts to combat money laundering

/retail /crime

Ioan Iacob

Ioan Iacob CEO at FlowX.AI

Why Digital Transformation at Banks Sucks Right Now (and How to Fix It)

The financial services industry is at a critical juncture. Despite staggering investments, banks are still struggling with digital transformation. But why? Let’s dive into the tangled web of challenges banks face, the failed promises of past solutions, and take a look at what I believe to be the path towards a brighter future. The Harsh Reality I...

/ai /devops

Andrew Stevens

Andrew Stevens Global banking and financial services specialist at Quadient

Why July 31 is not ‘the Final Countdown’ for New Consumer Duty Rules

Over the past year, the financial sector has been adjusting to a new regulatory environment. On July 31, 2023, the Financial Conduct Authority (FCA) introduced new Consumer Duty rules that obligate financial institutions to communicate complex financial information to consumers in a comprehensible way. The rules aim to increase the standard of care...

/regulation /retail

Nick Green

Nick Green Director at Purple Patch Broking Ltd

Breaking down The Economic Crime and Corporate Transparency Act

The Economic Crime and Corporate Transparency Act (ECCTA) introduces key changes to Companies House, aiming to enhance the accuracy and reliability of business information. Designed to enhance transparency and combat economic crime, here’s how it will help: Reforms to Companies House: The ECCTA mandates that companies must have an ‘appropriate ad...

/retail /crime

Pallavi Kapale

Pallavi Kapale Senior Financial Crime Officer (2LOD) at Bank of China (UK) Limited

Inbound Evolution: Inbound Transaction Processing and Inbound Conversations

The Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms. Its aim is to proactively prevent Authorized Push Payment (APP) fraud from occurring. In APP fraud, customers are tricked into authorizing payments to fraudsters, making it difficult for banks to detect since the transaction appears leg...

/regulation /crime

Pallavi Kapale

Pallavi Kapale Senior Financial Crime Officer (2LOD) at Bank of China (UK) Limited

Money Mules – Gaining fame in financial crime

Fraud accounts for atleast 40% of financial crime in the UK. In 2022, UK banks have identified over 39,000 accounts demonstrating behavior indicative of money muling[1]. NCA estimated that over GBP 10 billion is laundered via money mule activity in the UK annually[2]. The global increase in fraudulent activities is a growing concern for businesses...

/regulation /crime

Ben Goldin

Ben Goldin Founder and CEO at Plumery

Mind the Gap: Expectations vs. Reality in Modern SME Banking

Small and medium-sized enterprises (SMEs) are undeniably a cornerstone of global economic growth and innovation. The International Labour Organization recently reported that in most OECD countries, SMEs contribute more than 50% of GDP, with some global estimates placing this figure as high as 70%. Despite their significant economic role, SMEs cont...

/retail /inclusion

Andrei Scutari

Andrei Scutari Open Banking Head of Sales at Salt Edge

Assessing opportunities and getting ready for PSD3, PSR, and FiDA

In June 2023, The European Commission announced its proposals on regulations governing the payment services industry within the union. The much-anticipated third Payment Services Directive (PSD3) represents the completion of the Commission's review of the second Payment Service Directive, released nine years ago and is slated for release in the f...

/payments /regulation

Chris George

Chris George Vice President Product at CI&T

With physical bank branches disappearing, how will the UK’s move to digital finance play out?

Earlier this year, on February 22nd, the last remaining bank branch in the whole of the Peak District, Natwest in Bakewell, closed its doors for good. The closure leaves thousands of locals without a physical bank to visit, with the closest Natwest, for instance, now in Chesterfield—almost a half an hour’s drive away. Brick-and-mortar branches ...

/predictions

Now Hiring