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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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Stewart Davies Commercial Director at Temenos

Why the ‘service’ of SaaS matters more to banks

There is a very good reason why traditional banking has not taken to SaaS in the same way as other sectors. It is not a lack of understanding. When, with the Economist Intelligence Unit, we surveyed over 500 banking executives about SaaS in 2021, 72% said that incorporating cloud into their organisation’s products and services is a priority. From ...

13 March 2023 /regulation /cloud

Andrew Stevens Global banking and financial services specialist at Quadient

In the age of GDPR, why are banks still getting data management wrong?

Since the introduction of GDPR in 2018, it’s been clear that consumers have the right to know how their data is being used and that businesses must handle it with care. While the UK seems set to introduce its own data protection bill, it hasn’t changed the fact that it is crucial for organisations to take data seriously. In no sector is this more

10 March 2023 /regulation /retail

Mahesh Pawal Portfolio Product Manager, Digital Transformation at Fiserv

The Game of Cards: How Gamification Can Revolutionize Digital Card Issuance?

“$20 for entering name and address? And this is just a step #1 out of 7 steps.” Imagine you have given an option to earn money while opening an account, instead of providing the details on the age-old boring screens. Which one will you choose? If you have answered first approach – that’s the impact of Gamification. According to a study by MagnifyMo...

02 March 2023 /retail /predictions

Alex Malyshev CEO at SDK.finance

Voice Cloning: A Blessing or a Curse for the Voice Banking Industry?

Imagine being able to talk to your bank account and conduct transactions without the need for a phone or computer. That's the reality of voice-based banking, a fast-growing industry expected to reach $3.7 billion by 2031 (according to Allied Market Research). Recently, however, a big BUT emerged that threatens the whole industry. Back in 2020, I wa...

27 February 2023 /payments /crime

Retired Member

Trade Digitalization - Key Drivers, Challenges and Solution Approach(es)

Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade finance. Given the archaic interaction mechanisms and customer demand for better experience, channels continue to be the area of immediate focus for ba...

16 February 2023 /wholesale

Retired Member

Headless Core - Core Banking Migration

New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform banking as we know today Simplistically put, these are a set of cloud native, even driven domain microservices that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other internal...

15 February 2023 /retail /predictions

Tomasz Rokita General Manager Banking, Poland & Ukraine at Diebold Nixdorf

The Trends Driving Real Change in Europe Right Now

With the financial services industry in a constant state of change, identifying where to put the most time and effort can be challenging for an organisation of any size. Getting the balance right between being ahead of the curve to be an early adopter, and not wasting energy on trends which are short lived or amount to nothing can be difficult. We...

09 February 2023 /retail /predictions

Steven Hatton Co-founder & Director at Trusek Ltd

What is a multi-currency account?

An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. 1. Multiple single currency accounts accessed through one portal. This may give you a single interface in which you can manage multiple currencies, with sepa...

09 February 2023 /payments /inclusion

Toine Van Beusekom Strategy Director at Icon Solutions

Payments outsourcing: minimising risk and maximising value-added services

Research indicates that payments transformation isn’t optional—it’s imperative for survival. Yet modernising payments infrastructure can be a costly undertaking. Tier 2 and 3 banks can roll out a successful payments transformation programme that minimises risk and maximises innovation for value-added services. Ask anyone in the industry and most w...

08 February 2023 /payments

Mark Aldred Head of Sales at Auriga

A Magnificent Seven Retail Banking and Fintech Trends to Spy in 2023

1. Collaboration made easy with platform-based ecosystems In this interconnected modular digital world, acting alone is too onerous for most companies. As such, working collaboratively to complement, adjust and support joint efforts is essential to leveraging digital ecosystems. This shift towards platform-based ecosystems is expected to gain mome...

01 February 2023 /retail /predictions