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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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Alex Malyshev CEO at SDK.finance

Voice Cloning: A Blessing or a Curse for the Voice Banking Industry?

Imagine being able to talk to your bank account and conduct transactions without the need for a phone or computer. That's the reality of voice-based banking, a fast-growing industry expected to reach $3.7 billion by 2031 (according to Allied Market Research). Recently, however, a big BUT emerged that threatens the whole industry. Back in 2020, I wa...

27 February 2023 /payments /crime

Amey Prabhu Senior Director at Virtusa

Trade Digitalization - Key Drivers, Challenges and Solution Approach(es)

Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade finance. Given the archaic interaction mechanisms and customer demand for better experience, channels continue to be the area of immediate focus for ba...

16 February 2023 /wholesale

Amey Prabhu Senior Director at Virtusa

Headless Core - Core Banking Migration

New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform banking as we know today Simplistically put, these are a set of cloud native, even driven domain microservices that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other internal...

15 February 2023 /retail /predictions

Tomasz Rokita General Manager Banking, Poland & Ukraine at Diebold Nixdorf

The Trends Driving Real Change in Europe Right Now

With the financial services industry in a constant state of change, identifying where to put the most time and effort can be challenging for an organisation of any size. Getting the balance right between being ahead of the curve to be an early adopter, and not wasting energy on trends which are short lived or amount to nothing can be difficult. We...

09 February 2023 /retail /predictions

Steven Hatton Co-founder & Director at Trusek Ltd

What is a multi-currency account?

An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. 1. Multiple single currency accounts accessed through one portal. This may give you a single interface in which you can manage multiple currencies, with sepa...

09 February 2023 /payments /inclusion

Toine Van Beusekom Strategy Director at Icon Solutions

Payments outsourcing: minimising risk and maximising value-added services

Research indicates that payments transformation isn’t optional—it’s imperative for survival. Yet modernising payments infrastructure can be a costly undertaking. Tier 2 and 3 banks can roll out a successful payments transformation programme that minimises risk and maximises innovation for value-added services. Ask anyone in the industry and most w...

08 February 2023 /payments

Mark Aldred Head of Sales at Auriga

A Magnificent Seven Retail Banking and Fintech Trends to Spy in 2023

1. Collaboration made easy with platform-based ecosystems In this interconnected modular digital world, acting alone is too onerous for most companies. As such, working collaboratively to complement, adjust and support joint efforts is essential to leveraging digital ecosystems. This shift towards platform-based ecosystems is expected to gain mome...

01 February 2023 /retail /predictions

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

A one-stop service to FinTech

“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 acti...

24 January 2023 /payments /startups