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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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Luke Allchin Director - North America at RFI Global

Why Financial Institutions Need to Engage in ESG

As the world becomes increasingly aware of the climate crisis, social inequalities, and corporate governance issues, consumers are demanding more responsibility from businesses, including banks and financial institutions. This shift didn't happen overnight, but the evolution of consumer attitudes towards environmental, social, and governance (ESG)...

26 September 2024 /wealth /sustainable

Nick Green Director at Purple Patch Broking Ltd

The importance of quality data in AI risk modelling: How data benchmarking can help

Just because your firm can use your existing data for AI risk modelling doesn’t mean you should. There’s a perception that AI can create accurate predictions based on any data set. That’s not always the case. AI models are only as good as the data they're fed. Quality data is key to effective AI risk modelling. Without it, even the most sophistic

24 September 2024 /ai /retail

Lissele Pratt Co-founder at Capitalixe

Understanding What a SWIFT Code Is and How It Works

SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who occasionally sends money abroad, understanding SWIFT codes is important. In this article, you can explore the ins and outs of SWIFT codes, how to fin

23 September 2024 /payments /retail

Retired Member

The revolution of payment systems: how businesses can gain more

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23 September 2024 /payments

Nikunj Gundaniya Product manager at Digipay.guru

5 features of prepaid card solutions to modernize hotel payments

As a hotеl businеss, providing a sеamlеss and convеniеnt paymеnt еxpеriеncе for your guеsts is crucial in today's fast-paced digital world. With thе risе of contactlеss and mobilе paymеnts, it is еssеntial to stay ahеad of thе curvе. And еmbracе modеrn solutions that not only strеamlinе your opеrations but also еnhancе thе ovеrall guеst еxpеr

23 September 2024 /payments /retail

Retired Member

Coreless Banking: The New Evolution of Core Banking

The financial services industry is undergoing a significant transformation driven by rapid technological advancements, changing customer expectations, and increasing regulatory pressures. At the heart of this transformation is the evolution of core banking systems, the backbone that supports the operations of banks and financial institutions. H...

17 September 2024 /payments /retail

Nikunj Gundaniya Product manager at Digipay.guru

Why should your business consider offering prepaid cards and digital wallets?

In this tech-savvy financial landscape, businesses like yours that provide digital payment services are under increasing pressure to stay competitive by offering more flexible, convenient, and secure payment options. If you are dealing with digital wallet services and prepaid card solutions, there's nothing like prepaid cards vs digital wallets

17 September 2024 /retail /inclusion

Nikunj Gundaniya Product manager at Digipay.guru

Key considerations for selecting a cross-border payment solution in the financial industry

Businesses trying to reach out and interact with global customers depend on cross-border financial transactions. Your business's ability to guarantee flawless, low-cost, safe transactions depends on choosing the correct cross-border payment system. A reliable cross-border payment solution is a necessary part of your financial strategy. It is more

16 September 2024 /retail /inclusion

Greta Ranonyte CEO at Fintech Hub LT

Specialised Banks in Lithuania – Growing Competition and New Opportunities for Consumers

In the Lithuanian media we often hear discussions about the possible entry of large foreign banks into our country. There is also public opinion that the banking sector lacks diversity, and that increased competition could improve borrowing opportunities. The arrival of new international banks in Lithuania to improve the consumer environment is a ...

16 September 2024 /predictions

Adam Richardson Head of Payments Architecture at Icon Solutions

Stability First: Exploring the Bank of England’s Approach to Payments Innovation

On 30th July, the Bank of England (BoE) published a new discussion paper outlining its approach to innovation in money and payments. The BoE’s goals are to maintain stability, trust and confidence in sterling. Its approach therefore concentrates on ensuring that electronic payments, however they are made, are settled in money held at the Bank. The...

12 September 2024 /payments