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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
2024 is a year of multiple elections . Now the UK has been added to the list with its general election called for July 4th. This led me to think how much the loss of in-person banking services and th...
In the ever-evolving landscape of finance, Natural Language Processing (NLP) has emerged as a game-changer. This innovative technology, which enables computers to understand and interpret human langua...
Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation o...
APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up 22% in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to ...
The finalisation of Basel IV marks a significant milestone in the ongoing evolution of global banking regulation. These comprehensive reforms, concluded by the Basel Committee on Banking Supervision i...
“In times of economic turbulence, diversification isn’t just a strategy—it’s a lifeline.” This powerful statement underscores the critical importance of diversification for commercial lenders, especi...
Throughout its existence, AI's transformative effect has been immense. It has transformed how enterprises, including those in the banking and finance sectors, perform and offer customer services. The
In the rapidly evolving landscape of financial services, credit unions face a unique set of challenges and opportunities. While committed to their member-first ethos and community focus, credit unions...
In the world of finance, the winds of change are blowing stronger than ever before, sweeping across the landscapes shaped by legacy systems and traditional business practices. Financial enterprises fi...
In today's ever-shifting economic landscape, navigating property finance can feel like charting a course through turbulent and unpredictable waters for borrowers. Whether you are a homeowner with a mo...
India's payments landscape has undergone a remarkable transformation in recent years, driven by the rapid adoption of digital payment methods. From traditional cash transactions to cutting-edge mobile...
With the BoE and FCA’s renewed focus on improving data collection and sharing within the credit information market, the industry has rightly raised questions. What impact will these changes have on le...