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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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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

Julija Jevstignejeva Banking infrastructure for fintech, e-com and busi at Magnetiq Bank

Understanding CESOP: the European strategy for combating VAT fraud in e-commerce

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 for governments worldwide. Recognizing this, the European Union took a significant step on 18 February 2020, when the Council adopted a legislative p

22 February 2024 /payments /regulation

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 7. Choosing a New Banking Solution - All Cores Aren’t the Same

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 existing customer implementations and designed for flexibility to meet the varying requirements across different banks, geographies, customer segment...

20 February 2024 /retail /cloud

Paolo De Vito Piscicelli Account Director, Financial Services at SoftServe

Can AI Cure the Curious Case of COBOL in the Finance Industry?

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 adopting disruptive technologies to get them ahead of the curve, many are still hampered by having to rely on a programming language that is over 50 ...

19 February 2024 /inclusion /crime

Nick Green Director at Purple Patch Broking Ltd

Reducing risk and spend during times of unpredictable inflation

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 resurgence of price pressures. If they wait too long—they could do unnecessary damage to the economy, consumer affordability, and labour market. At t...

15 February 2024 /regulation /retail

Henning Holter Director, Business Development at Star Global

Incumbents and innovators: Embracing partnerships

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 attitudes toward customer experience, especially amongst younger people. This brings key opportunities for both the more innovative traditional banks and th...

14 February 2024 /retail

Nick Green Director at Purple Patch Broking Ltd

FCA's latest Consumer Duty warning: A call for smarter credit data management

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 standards but also to proactively consider customer interests and welfare. In addition, the FCA simultaneously signaled that crowdfunding and peer-to-peer ...

13 February 2024 /regulation /retail

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 6. From Rip and Replace to Modernisation – The Approaches to Addressing Legacy Core Challenges

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. Nevertheless, not all projects to replace core banking have been failures. Below, we discuss the different ways that banks have approached core bank...

13 February 2024 /sibos /retail

Chirag Shah Founder and CEO at Nucleus Commercial Finance

Fintech evolutions in 2024

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 experience. But these advancements may be tempered by increased scrutiny in areas including regulation and security. So, what can we honestly expect from f...

06 February 2024 /predictions