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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

originally founded 24 Jan 2023

Taken over by Terence Creighton

Head of Retail Banking Delivery

GFT Financial

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Nick Green Director at Purple Patch Broking Ltd

The future of credit data: Will AI reduce bureau dependency?

Lenders have traditionally turned to credit bureau data to assess affordability and risk—but that reliance is starting to change. AI-powered models are now delivering real-time, predictive insights that offer far more than static bureau scores. And with alternative data sources gaining traction, credit providers are under pressure to reassess how ...

10 April 2025 /retail /crime

Siobhan Byron EVP, Universal Banking at Finastra

The absurdity of innovation: Reimagining banking today

In business we are encouraged to challenge the status quo, think outside the box, and disrupt or be disrupted. We are exhorted to fail fast while we think big, start small and scale fast. And while there might be some dispute about whether Peter Drucker actually said, “innovate or die”, there is no argument that he had a profound belief in the c

08 April 2025 /retail

Devendra Singh Parmar Independent Researcher

Banking 2030: The Role of Autonomous AI Agents in Fraud and Risk

As the financial services industry continues to undergo rapid digital transformation, the landscape of banking is set to look dramatically different by 2030. One of the most pivotal forces shaping this evolution is the emergence of autonomous AI agents—intelligent systems capable of operating independently to solve complex problems, adapt to new en...

03 April 2025 /ai /crime

Frank Moreno CMO at Entersekt

Banks must rethink how they protect SMB clients

Banks have traditionally focused on servicing enterprise clients or individuals, expecting small and medium businesses (SMBs) to fit in and find an offering that best suits their needs. But the rapid rise in fraud aimed at smaller businesses requires a solution that is appropriate for SMB clients, which remain the growth engine for many banks – an...

02 April 2025 /security /retail

Ray O'Brien Advisor at FLOWX.AI

Bridging the Operational Divide: What Banking Can Learn from Process-Heavy Industries

When Reputation Meets Reality For decades, banking has been seen as the pinnacle of risk management. Compliance frameworks, regulatory oversight, and sophisticated financial models create the impression of an industry that leaves little to chance. Yet, beneath this perception lies a critical weakness. While banks excel at monitoring financial risk...

24 March 2025 /retail /startups

Nanne Parmar CEO at Easemoney

Neobanks vs. Traditional Banks: The Battle for Gen Z Customers

23, March 2025: The financial or banking industry is undergoing a fast transformation as a new name "NEO Banks" (Online-based banks) challenges the traditional banks for dominance. It especially among Gen Z people (the people who were born between 1997-2012). With the mobile-first habit generation who want seamless, digital financial se...

23 March 2025 /retail

Denys Boiko Founder at Erglis

The Evolution of Mobile Banking: Innovations and User Experience

The trend towards digital and mobile banking has been among the most profound technological shifts of recent decades. The scope for further innovation in these settings—for fintech startups and neobanks, as well as established players and their partners—remains enormous, with the emphasis falling typically on further advancing user experiences, ke...

20 March 2025 /inclusion

Nick Green Director at Purple Patch Broking Ltd

How overpaying for credit data impacts your entire credit lifecycle

Most lenders think of credit bureau costs as a procurement issue, something to review at renewal. But in reality, overpaying for credit data has a knock-on effect across the entire credit lifecycle. It drives up the cost of every loan application, slows down approvals, and limits the flexibility to make competitive lending decisions. In collecti

11 March 2025 /regulation /retail

Abhi Desai Director at Pelican

Navigating Compliance and Efficiency in SEPA Instant Payments: A Guide for Financial Institutions

Introduction The digital payments landscape in Europe has undergone a major transformation with the introduction of SEPA Instant Payments (SCT Inst). This real-time payment scheme, introduced by the European Payments Council (EPC), allows for instant euro transfers across SEPA member states within seconds, 24/7, 365 days a year. While this innovat...

04 March 2025 /ai /payments

Luke Allchin Director - North America at RFI Global

Breaking Barriers: The Banks That Are Supporting Black Financial Inclusion

February is Black History Month in the US, a time to celebrate progress and highlight positive changes, including those happening within the financial industry. While we honor the achievements of Black Americans, we must also recognize the financial challenges that persist – for example, the data shows that 39% of Black households are either strug...

19 February 2025 /retail /inclusion