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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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Nick Green Director at Purple Patch Broking Ltd

FCA and BoE data sharing changes: the impact on lenders

With the BoE and FCA’s renewed focus on improving data collection and sharing within the credit information market, the industry has rightly raised questions. What impact will these changes have on lenders? Do they really support market growth for the good of all? And what do lenders need to do to prepare? To find out more, for this article, we spo...

23 April 2024 /regulation /retail

Yogendra Singh Vice President, Global Head, Solution Consulting at Oracle

Maximizing Capital Efficiency: Collateral Optimization in Basel III Post-Crisis

Introduction: In the aftermath of the 2008 financial crisis, regulators implemented Basel III to fortify the global banking system. Among its many provisions, collateral optimization emerged as a critical strategy for banks to reduce risk-weighted assets (RWAs) while maintaining exposure to credit portfolios. This article delves into the significa...

10 April 2024 /regulation /retail

Sandeep Gupta Strategic Advisor, Banking Transformation at NTT DATA Services

The future of banking is composable

Will the banking industry continue to evolve at an increasing rate year on year? In the 21st Century, the answer to this question seems to be inextricably linked to the progress of technology and regulation. As new technologies emerge, they drive the industry in a new direction, charting the course for industry participants, clients, and customers...

02 April 2024 /payments /retail

Chris George Vice President Product at CI&T

Trust the funds: How new challenger banks can earn the confidence of customers

Centuries of history and decades on the high street mean that traditional banks, like the UK’s ‘big four’ of Barclays, Lloyds, HSBC, and Natwest, are often perceived by customers to be the most trustworthy, appealing option. However, since the UK began authorising the opening of new banks over a decade ago, numerous challengers have emerged. And m...

21 March 2024

Nick Green Director at Purple Patch Broking Ltd

Financial crime prevention: Credit provider's cutting-edge approaches

Credit providers understand the critical challenge with the rise of complex financial crimes, from cyber theft to money laundering. Criminals are using advanced technologies—the same ones that make digital banking possible—to break through security defences. In response, credit providers are forced to constantly modernise their approach to crime pr...

19 March 2024 /regulation /retail

Priya Kumari

The Resilience of Credit Unions: Shaping the Future of Consumer Loans

Introduction While credit unions have experienced a slight slowdown in growth, they have proven to be more resistant to market fluctuations compared to banks. Despite facing challenges, credit unions have managed to maintain their share and even make gains in specific sectors. This article explores the recent trends in credit unions' consumer loan...

15 March 2024 /payments /markets

Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank

RBI’s cautious approach kept India safe from BNPL issues

NatWest in UK last week announced that it is ditching its BNPL products and many experts not are attributing this due to the over crowded market and banks may gradually become less interested in these products. London still having a huge heft in the global financial market, has no regulation in place as yet and now Banks are left to decide by them

11 March 2024 /payments /regulation

Ross Kolodyazhnyi CEO at DCM

Banks Risk Losing Billions of Dollars in a Few Years

In a world where people learn to use their thoughts and brain chips to control technology, plastic cards and 2-day transactions still prevail. Such a strange combination, don't you think? It often seems that time slows down when it comes to payments. Because even when you read news about the next big thing in paytech, it may take years to hear abo...

07 March 2024 /retail /wholesale

Helena Muller VP Banking, Europe at Diebold Nixdorf

Three Areas of Tech Shifting the Industry Right Now

Change has been a constant in the financial services industry, but there is no doubt that the pace of change has accelerated in the past couple of years. Remaining competitive and relevant is increasingly challenging for financial organisations, and the ability to be both resilient and future-thinking is becoming the foundation for success. As we ...

26 February 2024 /retail /predictions

Naina Rajgopalan Content Head at Freo

FinTech Revolution: Disrupting the PSU Banking Landscape in India

The rapid advancement of financial technology, or FinTech, has significantly transformed the financial services industry, particularly impacting traditional banking. The Indian financial sector, traditionally dominated by Public Sector Undertakings (PSUs) like SBI, PNB, and Bank of Baroda, is experiencing a seismic shift with the rise of FinTech (F...

23 February 2024 /inclusion