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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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Luigi Wewege President at Caye International Bank

Optimism For US Tech and Fintech Industries Despite Mass Layoffs

The recent wave of mass layoffs across the Fintech and Tech industries has left many feeling concerned about the future of these sectors. However, despite the significant job losses, there remains a sense of optimism for the industry as a whole. This optimism, unfortunately, is not rooted in the protection and stability of the workforce but rather...

01 May 2023 /payments /devops

Vladimir Lounegov CEO at Mbanq

SVB’s Collapse Opens Window of Opportunity for Business-Banking BaaS

As the dust begins to settle after SVB's collapse, a picture emerges showing that venture-backed startups have a clear appetite for BaaS-driven fintechs as an alternative for deposits. I would like to preface this article with the observation that the collapse of Silicon Valley Bank (SVB) was a significant loss to the entire fintech ecosystem. SVB...

24 April 2023 /regulation /markets

Julie Lindenberg CEO, APAC at Cogo

Climate change 1/3 of the way into 2023 - the good; the bad; the ugly

We don’t need a crystal ball to predict that economies globally will likely get worse before they get better; or that energy prices and interest rates will continue to rise. But what does it all mean for the climate; consumers and banks? Late last year, I sat down with Emma Kisby, Cogo’s CEO UK/EU; to discuss the themes we believe will play out ov...

19 April 2023 /retail /sustainable

Nick Green Director at Purple Patch Broking Ltd

5 lessons from hundreds of data benchmarking exercises

When it comes to reducing data bureau pricing, what matters most isn’t what you paid last year, but how you can get the best price for the highest quality data and scores. We have worked with hundreds of organisations across a huge swath of the credit industry, helping them do just that. Over time, we’ve learned to recognise a number of important l...

18 April 2023 /regulation /retail

Retired Member

Open everything. Is finance finally growing up?

It started with open banking… but what does it really mean? Open banking enables customers to share their personal data with other external trusted organisations that can provide innovative apps and services tailored to their individual financial situation. Such applications may be provided by new startups and applications designed to help users ...

18 April 2023

Retired Member

Tackling identity fraud in the banking sector

Identity fraud is a major concern within the banking sector. As technology continues to advance, so do the methods that fraudsters use to deceive banks and their customers. The use of biometrics and documents is becoming increasingly common in the fight against identity fraud. One of the main benefits of biometrics is that they are unique to each ...

11 April 2023 /retail

Jason Grasso Customer Risk Business Unit Leader at Pega

ChatGPT and Other Types of Generative AI Will Help Automate Your Financial Crimes Case Management Pr

In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their financial crimes prevention processes. Given that executives are under pressure to reduce costs while managing risk a very logical question to finan...

30 March 2023 /regulation /crime

Mahesh Pawal Portfolio Product Manager, Digital Transformation at Fiserv

From Chaos to Consistency: Unlocking the Potential of Digital Payments

"The only thing worse than no payment system is having too many payment systems." - David Marcus, Head of Facebook Financial Welcome to the world of digital payments, where transactions are just a few taps away. With numerous payment options available, the digital payments landscape can be overwhelming for users, leading to confusion an

25 March 2023 /retail /wholesale

Arjeh Van Oijen Head of Product Management at Icon Solutions

Is ‘Low Code’ the Secret to Payments Transformation?

It’s a transformative time for the payments industry. The development of innovative payments methods and technology has changed marketplace dynamics, pushing new players into the spotlight and shifting the focus of payments services. With agile, nimble and future-focused fintechs leading the charge, payments processing is no longer simply about tr...

24 March 2023 /payments

Simon Kent Global Head of Financial Services at Kearney

Reducing complexity: a key driver for competition in UK banking?

After the confidence crisis caused by the failures of Silicon Valley Bank (SVB) and then, stunningly, Credit Suisse this month, one key change for UK banking may have flown somewhat under the radar. At the very end of February, the Prudential Regulatory Authority (PRA) announced a new consultation paper: CP5/23 – Remuneration: Enhancing proportion...

22 March 2023 /regulation /retail