Join the Community

24,134

Expert opinions

40,682

Total members

332

New members (last 30 days)

206

New opinions (last 30 days)

29,290

Total comments

Join Sign in

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

Join group Write an opinion

Alex Kreger Founder and CEO at UXDA Financial UX Design

New business strategy formula: Improve customer engagement in banking

Customer engagement in banking refers to the interactions and relationships between a financial brand and its customers that cultivate a sense of loyalty, involvement, and investment in the bank's products and services. It is a measure of how involved and committed customers are to the financial brand and how much effort they are ready to put into...

11 December 2023 /retail /identity

Nick Green Director at Purple Patch Broking Ltd

The impact of BNPL’s rapid growth on lenders

With almost half of UK adults having used BNPL, lenders face a key challenge: the varied data reporting practices among BNPL providers and CRAs. In this piece, we'll explore the rapidly growing BNPL market, and shed light on the disparities in data reporting and the implications for the credit industry. The rise of BNPL in the UK market BNPL has...

07 December 2023 /regulation /retail

Silvija Krupena Director of FIU at RedCompass Labs

How a persona-based approach can help banks tackle human trafficking

Human trafficking is not only one of the biggest injustices of our time, but it is also one of the most widespread financial crimes in the world. Profits are estimated to be over $150 billion a year. Traffickers’ criminal techniques are becoming increasingly sophisticated, which makes it challenging for banks to spot and stop the transfer of ill...

07 December 2023 /retail /crime

Retired Member

A look at the current state of BaaS: Opportunities for innovative banking infrastructure

Banking as a Service (BaaS) has changed the way banking products are built and offered. Consumers want to be able to access financial products when and where they need them, and BaaS platforms enable companies to embed these products in their own apps and ecosystems without the complexity and cost of obtaining a banking licence. Baas providers a...

01 December 2023 /devops /startups

Abhi Desai Director at Pelican

AI-powered Name Screening for Instant Payments

nstant payments, also known as real-time payments (RTP), have emerged as a transformative force in the financial landscape, enabling the immediate transfer of funds between individuals and businesses. This shift away from traditional payment methods, which can take days to settle, has revolutionized the way people and organizations interact financ...

29 November 2023 /payments /crime

Chaitanya Rajebahadur Executive Vice President at Zensar

Is human-less banking backfiring? Advice for banks as customers crave human connection

The digital evolution of banks has been nothing short of a revolution. Fundamentally transforming the way financial services are accessed and delivered, the aim was always to enhance convenience, speed, security, and enable 24/7 access for customers. While tech - including telephone banking, automation and AI-powered chatbots - has certainly delive...

27 November 2023 /retail

Retired Member

Banking on the Edge: 3 Ways Edge Computing Supercharges BFSI Operations

Picture a box sitting at the very center of an open field, with nothing around it. Your job is to walk to that box, touch the top of it, and walk back. Simple. One day, you spot a small tree growing in between you and the box. The next day, a bush. Then it rains, a pond forms, weeds sprout, the grass grows. Before long, your simple task becomes mo...

15 November 2023 /payments /markets

Retired Member

The Future of Fintech Development in Banking

A new age in the ever-changing world of modern finance is being ushered in by the use of technology in traditional financial services. Fintech, a portmanteau of financial technology, is at the forefront of this transformation, promising innovation, efficiency, and enhanced customer experiences. In the future, a number of noteworthy advancements wi...

15 November 2023 /payments /retail

Abhi Desai Director at Pelican

Global Payments: A Journey Towards Convenience, Efficiency, and Transparency

Blog - Global Payments: A Journey Towards Convenience, Efficiency, and Transparency London, 9th November 2023 In today's interconnected world, cross-border payments are an essential part of global trade and commerce. However, traditional methods of sending money internationally have often been characterized by high fees, slow processing times, a

09 November 2023 /payments /cloud

James Barker CEO at HIVE

Hanging by a thread: Is incumbent bank loyalty under threat?

How many of us bank with one of the incumbent mega-banks as our primary account? I’d wager the answer is ‘yes’ for most of us. But how solid are these relationships? Is our loyalty to these institutions as solid as oak? I can only answer on behalf of myself, but that loyalty is being tested - badly. I feel like a man that’s been driving his trusty ...

07 November 2023 /retail