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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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Viren Patel Financial Services Industry Strategist at Workday

Fixing the hidden wiring is key to the success of tomorrow’s bank

Technology has revolutionised retail banks over the past decade. Customers now predominantly manage their money via apps with personalised features, virtual assistants, and financial suggestions tailored to their individual needs. Users can open accounts quickly via digital systems. They can share key financial information at the click of a button ...

14 August 2023 /retail /cloud

Sergei Artimenia Managing Director at RNDPOINT.com

How Neobanks and Digital Banks Differ

The rise of neobanks and digital banks has revolutionized the banking industry. They offer innovative solutions and user-friendly interfaces that make managing your finances a breeze. Whether you prefer the simplicity of a neobank or the comprehensive services of a digital bank, there's no denying that these alternatives are changing the way we ba...

09 August 2023 /payments /retail

Sergei Artimenia Managing Director at RNDPOINT.com

What are the downsides of Neo banks?

While neo-banks offer many advantages in terms of convenience and accessibility, it is important to weigh these benefits against the potential drawbacks discussed below. By understanding both sides of the coin, you can make an informed decision about whether neo-banks are right for your banking needs. Author: Sergio Artimenia, managing director at...

07 August 2023 /retail /startups

Sergei Artimenia Managing Director at RNDPOINT.com

What Is Neobanking And How Does It Work?

In this article, I will explore the rise of neobanking and how it has become a game-changer in the financial industry. What makes neobanking so beneficial? How convenient, accessible and personalized are neobanks? What security measures are implemented by neobanks to ensure that financial transactions remain safe and secure? I will make a comparat...

04 August 2023 /payments /retail

Conor Colleary Group VP in Financial Services at Oracle

It’s time to transform corporate banking, and the answer is embedded finance

Embedded finance has sent customer expectations soaring. Integrating a bank’s services directly into applications that their clients use is fast becoming second nature, with products like mobile wallets now so commonplace that services like Transport for London no longer require payment authentication. As embedded finance disrupts the market, it i...

04 August 2023 /cloud

Gemma Staite Threat Analytics Lead (EMEA) at BioCatch

Phish, RATs, and Mules – Scams that make up the new fraud menu

Fighting financial scams has always been a task as chaotic as feeding time at the zoo. But as remote access attacks and money laundering join Phishing as some of EMEA’s most common digital crimes, cybersecurity has become a whole different animal—with fraudsters controlling and ruining the lives of more victims than ever before. Today, scams re...

26 July 2023 /retail /crime

Nick Green Director at Purple Patch Broking Ltd

Strategic data procurement: Drive efficiency in Financial Services

In financial services, data is the lifeblood that powers every decision. However the current landscape is riddled with challenges, most prominent among them being the lack of transparency in data pricing. Opaque pricing models and disparate costs can throw a spanner in the most well-oiled procurement teams. But the significance of efficiency in thi...

25 July 2023 /regulation /retail

Nick Green Director at Purple Patch Broking Ltd

Emerging trends in financial services procurement

With rising costs and growing data needs, financial services procurement teams are under intense pressure to optimise spend and make strategic decisions. This calls for a new approach - one grounded in data. Data benchmarking provides the visibility procurement teams need to drive real change. By comparing your data pricing, quality, and accuracy a...

20 July 2023 /regulation /retail

Adam Preis Global Strategist at Ping Identity

Mitigating the Risk of Fraud by Enabling Customers to Never Log In Again

FinTech and banking applications are accessed every day by millions of consumers around the world, and passwords remain the primary method of authenticating users into the service. Yet, they are inherently vulnerable and create risks for every financial organisation that exists. So, how do we mitigate that risk without compromising on experience, ...

17 July 2023 /security /identity

Steven Rackham CTO for Financial Services at NetApp

Money 20/20 2023 takeaways

As one of the largest financial services events, it was great being able to attend Money 20/20 in Amsterdam this year. My first time at an event that started in 2012, that hosts over 20,000 people across 3 locations with sessions ranging from fintechs, traditional banks, IT companies and regulators, my expectations were to really get a feel for th...

12 July 2023 /regulation