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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 fintech, e-com and busi

Magnetiq Bank

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Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

Why Developed Economies are Benefiting from QR Payments?

It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example. Once...

24 June 2024 /security /payments

Benjamin Avraham Founder & CEO at Okoora

The Future of Financial Services: Collaboration and Competition Between Fintechs and Banks

The global fintech market is growing rapidly with a market size expected to top $608 billion by 2029, almost doubling from a projected $312 billion this year. In part, this can be attributed to the agile solutions and customer-centric approaches of fintechs when compared to those of traditional banks. However, to drive true value in the financial...

05 June 2024 /payments /predictions

Mark Aldred Head of Sales at Auriga

Is there a vote for improving access to cash and services with smarter fintech?

2024 is a year of multiple elections . Now the UK has been added to the list with its general election called for July 4th. This led me to think how much the loss of in-person banking services and the demand for better alternative solutions using new technology should be an election issue. Of course, there are bigger election issues but access to ...

30 May 2024 /retail /inclusion

Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.

Why Finance is Deploying Natural Language Processing

In the ever-evolving landscape of finance, Natural Language Processing (NLP) has emerged as a game-changer. This innovative technology, which enables computers to understand and interpret human language, is transforming the way financial institutions operate, enhancing efficiency, and offering new insights. Here’s a deep dive into why finance is i...

29 May 2024 /ai

Nick Green Director at Purple Patch Broking Ltd

Untangling the maze of fraud prevention solutions in financial services

Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build. The challenge is: There’s no silver bullet solution. Given the diversity of fraudulent activ...

23 May 2024 /retail /crime

Nick Green Director at Purple Patch Broking Ltd

Preventing APP fraud: Essential strategies for banks

APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up 22% in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has ...

21 May 2024 /retail /crime

Mete Feridun Chair at EMU Centre for Financial Regulation and Risk

What does Basel IV mean for EU banks? A quick review of the challenges and opportunities

The finalisation of Basel IV marks a significant milestone in the ongoing evolution of global banking regulation. These comprehensive reforms, concluded by the Basel Committee on Banking Supervision in 2017, introduce critical changes across various dimensions, including risk measurement, capital adequacy, and reporting requirements. In the Europe...

19 May 2024 /regulation /wholesale

Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.

Diversification is The Key to Survival and Growth for Commercial Lenders in Challenging Times

“In times of economic turbulence, diversification isn’t just a strategy—it’s a lifeline.” This powerful statement underscores the critical importance of diversification for commercial lenders, especially in today’s volatile economic landscape. In an era marked by rapid technological advancements and unpredictable market dynamics, commercial lender...

15 May 2024 /cloud

Shiv Nanda Content Strategist at https://www.financialexpress.com/

AI Banking Software Development

Throughout its existence, AI's transformative effect has been immense. It has transformed how enterprises, including those in the banking and finance sectors, perform and offer customer services. The AI in banking apps and services has made the industry more customer-oriented and technologically relevant. By increasing productivity and making dec

14 May 2024 /inclusion

Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.

How Credit Unions Can Thrive in the Digital Age

In the rapidly evolving landscape of financial services, credit unions face a unique set of challenges and opportunities. While committed to their member-first ethos and community focus, credit unions must navigate an increasingly digital world. Modernization is not just an option; it’s essential for survival and growth. Here’s how embracing techno...

13 May 2024 /people /cloud