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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
Data continues to be a hot topic, with recent breakthroughs such as ChatGPT highlighting even more the transformational effect that AI and data will have on the way we live and work, and how service p...
One of the fundamental reasons diversity in middle management and leadership levels is crucial is because of its potential to foster a broader range of perspectives and ideas. When leaders come from d...
The growing complexity of the financial sector is creating new opportunities for money launderers. As a result, it is essential that financial institutions are equipped with the appropriate knowledge ...
In recent years, the European financial landscape has experienced a significant shift with the rapid growth of electronic money institutions (EMIs). This has been fueled by the increasing demand for i...
Artificial intelligence (AI) has become a game-changer in the world of financial services, with a broad range of applications such as investment banking, insurance, wealth management, and others. Chat...
The future of banking policies will be shaped by a range of factors, Stricter regulations are expected to be implemented to ensure financial stability, combat money laundering, and protect customer da...
For a while now blockchain has been considered a disruptive element in the field of banking, as it has several advantages that enable crypto transactions to far outstrip traditional systems. It is for...
Having partnered with many banks and financial services organizations, I’ve learned a lot going through the business development process with each of them. Based on this experience, for other fintechs...
Generative artificial intelligence (AI) has the potential to revolutionize the banking industry, offering numerous benefits such as Enhanced customer experience Streamlined operations Fraud Detecti...
It’s no wonder financial institutions (FIs) are losing millions annually to fraud and money laundering. Despite ongoing amendments to anti-money laundering policies, the industry still faces challeng
Recent bank failures in the US and bank acquisitions, on both sides of the Atlantic, are expected to put pressure on banking institutions to examine and rationalise their corporate governance and risk...
In the second part of this blog, I examine how banks can improve their offerings for customers travelling abroad. Whilst traditional banks may think that consumers use neobanks abroad and then return...