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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
Financial services organisations are increasingly prioritising digital-first journeys to meet their customers’ expectations of a fast and convenient online experience. In this shift toward digitalisa...
In his historic ‘We choose the moon’ speech, US President John F. Kennedy stated: “I believe that this nation should commit itself to achieving the goal, before the decade is out, to send a man to the...
There is a very good reason why traditional banking has not taken to SaaS in the same way as other sectors. It is not a lack of understanding. When, with the Economist Intelligence Unit, we surveyed ...
Since the introduction of GDPR in 2018, it’s been clear that consumers have the right to know how their data is being used and that businesses must handle it with care. While the UK seems set to intr
“$20 for entering name and address? And this is just a step #1 out of 7 steps.” Imagine you have given an option to earn money while opening an account, instead of providing the details on the age-old...
Imagine being able to talk to your bank account and conduct transactions without the need for a phone or computer. That's the reality of voice-based banking, a fast-growing industry expected to reach ...
Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade f...
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 mic...
With the financial services industry in a constant state of change, identifying where to put the most time and effort can be challenging for an organisation of any size. Getting the balance right betw...
An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. 1. Multipl...
Research indicates that payments transformation isn’t optional—it’s imperative for survival. Yet modernising payments infrastructure can be a costly undertaking. Tier 2 and 3 banks can roll out a succ...
1. Collaboration made easy with platform-based ecosystems In this interconnected modular digital world, acting alone is too onerous for most companies. As such, working collaboratively to complement, ...