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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

Toine Van Beusekom

Toine Van Beusekom Strategy Director at Icon Solutions

Is low code the answer to higher payment revenues for banks?

As banks continue to grapple with the account-based payments processing model amid seemingly interminable margin pressures, the wider commercial implications of software developer capacity limitations are coming into much sharper focus. In response, banks are starting to think differently about the payments value chain and re-assess their approache...

/payments /sibos

Nick Green

Nick Green Director at Purple Patch Broking Ltd

Transparency in credit data: What does it really mean?

From determining eligibility for a new loan to assessing financial vulnerability, credit data plays a pivotal role in financial decisions. Yet, how often do we pause and ask: How transparent is this data? When we discuss 'transparency' in the context of credit data, it's not just about clear reports or scores. It delves deeper, probing the integrit...

/risk /retail

Nick Green

Nick Green Director at Purple Patch Broking Ltd

Benchmarking Blind Spots: The Silent Expenses in Credit Data

The challenges of financial operations require you to consistently evolve, shift, and innovate to remain relevant. For many, this means delving into credit data benchmarking. But what happens when credit providers bypass this vital process, assuming it's secondary or even unnecessary? The expenses, both visible and hidden, can be huge. From payin...

/risk /retail

Naina Rajgopalan

Naina Rajgopalan Content Head at Freo

How Indians Can Make UPI Payments Abroad?

For any Indian travelling to any part of the world, shopping is a must, and using other payment modes can sometimes be a headache. But now, for Indians, it is easy to enjoy the benefits of UPI (Unified Payments Interface) outside India. The Unified Payments Interface (UPI) has emerged as a prominent payment system in India, with no charges or minim...


Esther Groen

Esther Groen Head of Payment Consultancy at Icon Solutions

Why Banks Need to Decouple Their Payments Processing Value Chain

The traditional payments processing model for account-based payments is under unprecedented strain amid diminishing profit margins, increasing competition from fintechs, and rising costs. These challenges are only set to compound in a fragmented ecosystem marked by economic and geopolitical uncertainty, increasing regulatory demands, and rapidly e...

/payments /sibos

Pratheepan Raju

Pratheepan Raju Enterprise Architect at TCS

BFSI Focus Areas and Challenges

Technology is evolving continuously and there are several key focus areas that BFSI domain companies are looking at. These are driven by the need to adapt to changing customer preferences, speed to market, regulatory requirements and competitive landscape in the BFSI industry. Digital Transformation: To enhance customer experiences, streamline op...

Asim Kar

Asim Kar Head of Cloud Focus Group BFSI at TCS

How to approach cloud portability in BFSI

Abstract Highly regulated BFSI industry faces the risk of running the critical business applications on one cloud platform. Risks arise out of failure on the part of cloud vendor disrupting the business. Cloud portability is a regulatory and risk avoidance paradigm that promotes the ability to move applications and data from one cloud environment ...

/risk /cloud

Sergei Artimenia

Sergei Artimenia Managing Director at

Why Do Neobanks Fail? Challenges and Lessons.

In the ever-evolving world of banking, neobanks have emerged as digital disruptors, promising a seamless and innovative banking experience. However, not all neobanks succeed in this competitive landscape. In this article, I will take a deep dive into the key reasons for their failure and explore the challenges that they are facing. Failure to deli...

/payments /retail

Thomas Muth

Thomas Muth FinTech and Retail Banking Specialist at SoftServe

5 Questions for Bankers to Understand Their Digital Maturity

Many banks have already embarked on digitalization strategies, started transformation initiatives, or moved towards becoming agile organizations. But how successful have these ambitions been? In a recent interview, former Barclays CEO Anthony Jenkins described the banking industry as "museums of technology." No doubt that was something o...


Nick Green

Nick Green Director at Purple Patch Broking Ltd

Tackling the data deficit in BNPL

A lack of transparency in lending is an old problem made new again with BNPL. According to concerning reports, the UK government plans to delay regulation of the BNPL industry. But behind its ease of use, BNPL could create gaps in data without oversight and transparency. Without the right regulation, financial services could operate in an environ...

/risk /retail