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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

Preetpal Singh

Preetpal Singh Senior Vice President – Intelligent Automation at Persistent Systems

Banking on the Edge: 3 Ways Edge Computing Supercharges BFSI Operations

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 in between you and the box. The next day, a bush. Then it rains, a pond forms, weeds sprout, the grass grows. Before long, your simple task becomes mo...

/payments /markets

Manisha D

Manisha D Digital Marketing Executive at Fortunesoft IT Innovations

The Future of Fintech Development in Banking

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 forefront of this transformation, promising innovation, efficiency, and enhanced customer experiences. In the future, a number of noteworthy advancements wi...

/payments /retail

Abhi Desai

Abhi Desai Director at Pelican

Global Payments: A Journey Towards Convenience, Efficiency, and Transparency

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 trade and commerce. However, traditional methods of sending money internationally have often been characterized by high fees, slow processing times, a

/payments /cloud

James Barker

James Barker Owner at Tech Market Access

Hanging by a thread: Is incumbent bank loyalty under threat?

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 institutions as solid as oak? I can only answer on behalf of myself, but that loyalty is being tested - badly. I feel like a man that’s been driving his trusty ...

/retail

Nick Green

Nick Green Director at Purple Patch Broking Ltd

Key lessons from 30 plus years in credit data

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 changes firsthand. Data has become increasingly commoditised, as new technologies disrupted the status quo. And regulators have stepped in to address e...

/retail /crime

Nick Green

Nick Green Director at Purple Patch Broking Ltd

Trends in credit data: What to watch in 2024

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. Ready to deep-dive into what 2024 has in store for credit data? If so, this is your go-to resource for staying ahead in a rapidly transforming sector. ...

/risk /retail

Sergei Artimenia

Sergei Artimenia Managing Director at RNDPOINT.com

Exploring the Benefits of EMD Agents in the Electronic Money Directive

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 heart of this directive, EMD agents play a crucial role, ensuring compliance, enhancing security, and fostering trust in the digital payment landscape....

/risk /retail

Alex Ford

Alex Ford President, North America at Encompass | RegTech Association | Women in RegTech

Why RegTech won at SIBOS2023

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 future of the industry in person again in the fantastic city of Toronto. C-suite executives from major financial institutions and leading technology compan...

/risk /sibos

Richard Orange

Richard Orange Vice President EMEA at Exabeam

From legacy SIEM to cloud-native solutions: Why banks should upgrade their technology

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 (SIEM) is one of the most critical aspects. However, several banks still operate on archaic SIEM technology, which can overwhelm security teams with a ...

/security /payments

Reghunathan Sukumara Pillai

Reghunathan Sukumara Pillai Consultant at Infosys

Can a multi -Core Banking solution (CBS) implementation change the conundrum for Banks?

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 hollowing the core/componentization. From Banks to IT vendors to analysts, the mantra has been same - breaking the CBS into smaller components or bu...

/markets