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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

originally founded 24 Jan 2023

Taken over by Terence Creighton

Head of Retail Banking Delivery

GFT Financial

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Aurélie L'hostis Principal Analyst at Forrester Research

2025: The Digital Banking Landscape Is Poised For Another Transformative Year

In today’s rapidly changing financial landscape, providing an excellent digital experience is essential to gaining a customer experience-driven competitive edge. As we step into 2025, digital technologies will continue to shape and transform banking experiences. Now is the time to take the pulse of and fine-tune your strategy and actions! Customer...

21 January 2025 /retail

Sara Costantini Regional Director for the UK and Ireland at CRIF

What can the lessons from 2024 teach us about banking in 2025?

With the continued growth of AI and other new technologies, and shifting customer attitudes, 2024 was another year of major change for banks. With this in mind, there is much to take on board from the past year. From helping with debt, to better meeting expectations on sustainability and data protection, these are some of the key findings from our ...

20 January 2025 /retail

Richard Kalas Client Solutions Director for Retail Banking at GFT Group

How IT resilient are banks?

There has been in recent months a considerable focus on consumer attitudes towards specific elements of digital banking, whether that be the digitisation of savings and investment products, travel services or fraud protection. This time, however, let us examine a more holistic view on how consumers feel about the security of their bank, thei

17 January 2025 /security /retail

Luke Allchin Director - North America at RFI Global

How shifting US household dynamics are redefining life insurance

Life insurance, once a staple of financial planning for American households, is undergoing a quiet transformation, only half of US households have life insurance compared to three quarters 20 years ago. As life stages shift and household dynamics evolve, consumer sentiment towards life insurance has changed significantly since the start of the mil...

16 January 2025 /wealth /retail

Nick Green Director at Purple Patch Broking Ltd

When's the best time to renegotiate your credit bureau contract?

When is the best time to renegotiate a credit bureau contract? With costs, data quality, and your organisation's changing needs on the line, the timing of renegotiation can make all the difference in maximising contract value and ensuring your contract stays aligned with your business goals. Acting too late can leave you stuck overpaying or ope

12 December 2024 /regulation /retail

Nikunj Gundaniya Product manager at Digipay.guru

Key challenges and solutions in expanding branchless banking

Branchless banking is changing the financial scene, so growing its influence offers special possibilities as well as special difficulties.Branchless banking solution provides basic financial services to underdeveloped and rural communities, but expansion in these locations calls for overcoming obstacles including infrastructural deficits, regulato...

04 December 2024 /inclusion

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

How to avoid potential risks when working with correspondent accounts

The utilization of correspondent accounts has become increasingly prevalent in the financial services industry, particularly among fintech companies seeking to expand their global reach and access new markets. While these partnerships offer numerous benefits, they also come with inherent risks that must be carefully managed to ensure the integrity...

27 November 2024 /payments /wholesale

Mathias Wikstrom CEO and Co-founder at Doconomy

How banks can drive financial and environmental transformation

The climate crisis is becoming increasingly difficult to ignore. Just last month, the UN 2024 Emissions Gap Report revealed that our opportunity to limit global warming to the safer target set out under the Paris Agreement (1.5C) will be almost impossible if we do not make significant changes. Given this backdrop - alongside the daily reports of d...

26 November 2024 /retail /sustainable

Anna Antimiichuk Head of Communications, PhD at Corlytics

Regulators are intensifying their scrutiny of digital banks

Digital banks have transformed the financial industry in recent years bringing an attractive wave of innovation that reshaped customer expectations, prioritising user-friendly digital experiences, low fees, streamlined services and many other irresistible add-ons. These banks have leveraged technology to fill gaps left by traditional institutions,...

18 November 2024 /regulation /predictions

Terence Creighton Head of Retail Banking Delivery at GFT Financial

Migration in Banking Transformation Programmes: Key to Success

1. Introduction to Banking Transformation The ever-evolving financial ecosystem is making the transformation in banking more related to necessity than choice. It is about the transformation of legacy systems, the adoption of state-of-the-art technologies in core operations. The main objective of this transformation is to improve customer experienc...

16 November 2024 /retail