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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
The rapid advancement of financial technology, or FinTech, has significantly transformed the financial services industry, particularly impacting traditional banking. The Indian financial sector, tradi...
In an era where digital transactions are the backbone of the global economy, ensuring the integrity and transparency of information on cross-border payments and card transactions has become critical
Given the number of solutions available and the cost and complexity of building one from scratch, banks would be better served by acquiring a 3rd party core banking solution. One that is proven with ...
The banking industry is making concerted efforts to rejuvenate and alter entrenched perceptions of there being too many slow-paced organizations. However, despite many positive signals that banks are ...
Andrew Bailey is under pressure. While there’s been progress in getting UK inflation down, it’s too early to declare victory, just yet. If they cut interest rates too soon and too rapidly—they risk a ...
Cultural changes are challenging the long-standing loyalty that consumers once had to their bank. The transformation has been driven by the rapid development in technology, along with evolving attitud...
The FCA recently unveiled new consumer protection guidelines that signal a major shift in credit data management. These rules require financial services firms not only to meet formal compliance standa...
Why the time is right to modernise Nobody ever said that replacing a core system would be cheap or easy, and we highlighted this previously when we discussed the challenges of replacing core banking....
The evolution of fintech has been rapid, but there is still scope for enormous advancement across a broad range of categories. And 2024 holds huge potential, particularly regarding the end-user experi...
The previous blogs in this series taught us how banking distribution and core banking technology have evolved over the decades. Banks are criticised for lacking innovation and not being progressive wi...
In the ever-evolving landscape of community banking and credit unions in the United States, the theme of inorganic growth has become more than a trend; it is a pivotal force that can shape the future ...
Before the introduction of technology, banking had always been a face-to-face business. Yet even personal interactions have evolved from happening anywhere to meetings in coffee/tea shops and then hav...