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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
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 di...
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 ...
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 thes
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 see...
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 increasi...
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...