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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
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 institutio...
The credit data landscape has undergone huge shifts over the past few decades. As longtime veterans who have navigated this complex, ever-evolving industry for over 30 years, we have witnessed these c...
The world of credit data is changing rapidly. In 2024, the rules of the game are evolving. Understanding these changes is crucial for optimising risk assessment, compliance, and customer management. R...
In this article I will explore the Electronic Money Directive (EMD) which emerged as a pivotal regulatory framework, guiding the operations of electronic money transactions across the globe. At the he...
Why RegTech won at SIBOS2023 Setting the scene Reflecting on this year’s SIBOS conference, organized by SWIFT for the financial services industry, it was great to be networking and debating the futur...
The ever-evolving nature of cyberthreats requires banks to continuously adapt their security infrastructure to stay proactive against emerging threats, and Security Information and Event Management (S...
From a Core Banking solution (CBS) with modules for different business lines comprising of deposits, lending, payments, trade which was integrated in the late 1990s through 2000s, focus has shifted to...
As banks continue to grapple with the account-based payments processing model amid seemingly interminable margin pressures, the wider commercial implications of software developer capacity limitations...
From determining eligibility for a new loan to assessing financial vulnerability, credit data plays a pivotal role in financial decisions. Yet, how often do we pause and ask: How transparent is this d...
The challenges of financial operations require you to consistently evolve, shift, and innovate to remain relevant. For many, this means delving into credit data benchmarking. But what happens when cre...
For any Indian travelling to any part of the world, shopping is a must, and using other payment modes can sometimes be a headache. But now, for Indians, it is easy to enjoy the benefits of UPI (Unifie...
The traditional payments processing model for account-based payments is under unprecedented strain amid diminishing profit margins, increasing competition from fintechs, and rising costs. These challe...