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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

Shuvo G. Roy

Shuvo G. Roy Industry Solutions & Head Financial Services EMEA at Mphasis

Navigating the cost-of-living crisis: How advanced analytics can mitigate credit risk

Britain's cost of living crisis isn't up for debate. It's real, and it's biting hard. With the Consumer Prices Index (CPI) surging by 10.1% year-on-year, the squeeze on household finances is undeniable. Rising inflation, soaring energy costs, and stagnant wages are putting unprecedented pressure on consumers and businesses, with families struggli...

/wealth /inclusion

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

Key Themes and Takeaways from SIBOS 2024

Last year's SIBOS 2024 was a melting pot of ideas, innovations, and discussions which underscored the dynamic nature of the global banking landscape. The event brought together industry leaders from around the world, each sharing insights on the future of banking amidst shifting economic, technological, and regulatory environments. And for the fir...

/ai /sibos

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Why Passive Portfolios Thrive—and Where Advisors Still Add Value

In recent years, passive investing has gained significant popularity, particularly through low-cost, well-diversified ETF (Exchange-Traded Fund) portfolios. In Belgium, the term "hangmatbeleggen" (Dutch for "hammock investing," referring to this relaxed investment approach) was even named the word of the year in 2024. This sty

/wealth /retail

Amey Prabhu

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin

The Rise of Headless Core Solution

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 micro services that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other interna...

/retail /wholesale

Ritesh Jain

Ritesh Jain Founder at Infynit / Former COO HSBC

HSBC’s Strategic Retreat: A Bold Pivot or a Risky Gambit?

Yesterday, I came across a fascinating piece of news: HSBC, the banking giant with a 159-year legacy, is exiting parts of its investment banking business in the UK, US, and Europe. Specifically, the bank is stepping away from equity capital markets (ECM) and mergers and acquisitions (M&A) outside of Asia. This move feels less like a retreat an...

/markets /predictions

Raman Korneu

Raman Korneu CEO at myTU

So long, challengers? Here’s why neobanks matter today more than ever

I recently found myself at a financial event, surrounded by representatives of big, conventional banks. You know the ones - massive institutions with even bigger egos. They’re like whales in the finance ocean, moving slowly but dominating their territory. As a digital bank CEO (we are at myTU those who are called “challengers"), I had a simpl...

/payments /retail

Amey Prabhu

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin

Smarter Banking for Corporate Treasurers

Corporate treasury has evolved significantly, shifting from a mere cost center to a pivotal player in shaping business strategy and driving growth initiatives. This transformation requires treasurers to focus less on routine activities and more on leveraging data for timely, informed decisions that optimize working capital. With 70% of corporate t...

/wholesale

Amey Prabhu

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin

MSME Lending - Technology and Policy are Redefining Access to Finance

Micro, Small, and Medium Enterprises (MSMEs) are the lifeblood of economies worldwide, contributing significantly to employment and GDP. In India, the government defines MSMEs based on annual revenue: micro enterprises earning up to ₹5 crores, small enterprises between ₹5 and ₹75 crores, and medium enterprises between ₹75 and ₹250 crores. Despite ...

/wholesale

Amey Prabhu

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin

Transaction Banking Transformation

As the "Everything Real-Time" era emerges, transaction banking is adapting to align with customers' expectations of seamless, real-time, and personalized services. Corporate Treasury, in particular, is shifting towards a strategic role, demanding decision-making insights and advanced capabilities from their banking partners. This shift u...

/wholesale

Amey Prabhu

Amey Prabhu Solution Architect & Head of Trade Finance Product at Veefin

Digital Trade - A New Frontier For Financial Institutions and Product Vendors

Digitalisation of Trade The digitalisation of trade has emerged as a strategic priority for regulators, industry bodies, and financial institutions worldwide. This concerted effort is driven by the recognition that digital tools and technologies can significantly enhance the efficiency, transparency, and security of global trade processes. As the ...

/wholesale

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