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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
nstant payments, also known as real-time payments (RTP), have emerged as a transformative force in the financial landscape, enabling the immediate transfer of funds between individuals and businesses....
The digital evolution of banks has been nothing short of a revolution. Fundamentally transforming the way financial services are accessed and delivered, the aim was always to enhance convenience, spee...
Picture a box sitting at the very center of an open field, with nothing around it. Your job is to walk to that box, touch the top of it, and walk back. Simple. One day, you spot a small tree growing i...
A new age in the ever-changing world of modern finance is being ushered in by the use of technology in traditional financial services. Fintech, a portmanteau of financial technology, is at the forefro...
Blog - Global Payments: A Journey Towards Convenience, Efficiency, and Transparency London, 9th November 2023 In today's interconnected world, cross-border payments are an essential part of global
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...