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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

founded 24 Jan 2023

Julija Jevstignejeva

Banking infrastructure for business

Magnetiq Bank

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Sergei Artimenia Managing Director at RNDPOINT.com

How to get an Electronic Money Institution (EMI) license in Europe?

In recent years, the European financial landscape has experienced a significant shift with the rapid growth of electronic money institutions (EMIs). This has been fueled by the increasing demand for innovative and convenient digital payment solutions, as evidenced by the success of companies like Revolut and TransferWise. As a result, many entrepr...

18 June 2023 /payments /retail

Igor Tomych Founder/CEO at Dashdevs

Empowering the Future of Banking: My Top 10 Picks for ChatGPT Use Cases in the Industry

Artificial intelligence (AI) has become a game-changer in the world of financial services, with a broad range of applications such as investment banking, insurance, wealth management, and others. ChatGPT is a prominent AI technology for investment banking, a generative pre-trained transformer language model capable of delivering virtual assistance...

14 June 2023 /retail /predictions

Retired Member

The future of banking policies

The future of banking policies will be shaped by a range of factors, Stricter regulations are expected to be implemented to ensure financial stability, combat money laundering, and protect customer data. The advent of advanced technologies, such as blockchain and artificial intelligence, will influence policy developments, enabling more efficient ...

12 June 2023 /retail /predictions

Greg Waisman Co-Founder and COO at Mercuryo

The Future of Finance: Blockchain Technology Set To Reshape the Financial Landscape

For a while now blockchain has been considered a disruptive element in the field of banking, as it has several advantages that enable crypto transactions to far outstrip traditional systems. It is for this reason that I believe there is no future of payments that does not involve cryptocurrency and blockchain technology in some shape or form. Wor...

09 June 2023 /payments /crypto

Shawn Conahan Chief Revenue Officer at Wildfire Systems, Inc.

8 Requirements to Sell Your Product to Banks and Other Financial Services Organizations

Having partnered with many banks and financial services organizations, I’ve learned a lot going through the business development process with each of them. Based on this experience, for other fintechs looking to partner with banks, I’d like to share the following eight requirements to guide your own business development processes: 1. First of all,...

08 June 2023

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

Why Implementing Generative AI Is Challenging For Banks

Generative artificial intelligence (AI) has the potential to revolutionize the banking industry, offering numerous benefits such as Enhanced customer experience Streamlined operations Fraud Detection and Security Predictive Analytics and Decision-Making However, the implementation of generative AI is not without its challenges. Banks, operati...

02 June 2023 /retail /predictions

Shiv Nanda Content Strategist at https://www.financialexpress.com/

From Crisis to Opportunity: Using eKYC to Transform Banking

It’s no wonder financial institutions (FIs) are losing millions annually to fraud and money laundering. Despite ongoing amendments to anti-money laundering policies, the industry still faces challenges due to delays in implementing those changes. While scammers devise new methods to exploit the system, banks maintain a slower pace toward digitiza

23 May 2023 /wealth /inclusion

Peter Dugas Executive Director at Capco

Recent bank failures and the emerging regulatory focus

Recent bank failures in the US and bank acquisitions, on both sides of the Atlantic, are expected to put pressure on banking institutions to examine and rationalise their corporate governance and risk management operations, and market monitoring systems, as well as undertake overall stress testing of their capital and liquidity levels, novel activ...

19 May 2023 /regulation /retail

Richard Kalas Client Solutions Director for Retail Banking at GFT Group

Time for banks to provide better clarity to their customers whilst abroad

In the second part of this blog, I examine how banks can improve their offerings for customers travelling abroad. Whilst traditional banks may think that consumers use neobanks abroad and then return to their traditional bank once home, the research paints quite a different picture. It indicates that 18% now use their neobank as their main current...

09 May 2023 /retail

Richard Kalas Client Solutions Director for Retail Banking at GFT Group

Do banks need to provide better clarity and support to their customers whilst abroad?

Whether it is spending money whilst on holiday, sending cash to friends or relatives in foreign countries, or making payments during business trips abroad – bank cards are no longer used for domestic purposes only. The pace of change in the way we spend money in foreign countries has been exponential. Only a decade ago, consumers relied on transfer...

03 May 2023 /retail