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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
Advances are banks’ primary income source and are usually the largest item on their balance sheets. Therefore, the audit of advances is a critical aspect of bank audits and falls under the responsibi...
Whatever one’s opinion of Nigel Farage, the concept that he can be de-banked should be troubling to everyone. It should be even more troubling to those familiar with the financial industry’s measures ...
The European Commission’s move to mandate instant payments (IPs) is expected to bring enormous benefits to consumers, businesses and the industry, such as improving customer experiences and cash flow ...
The right data bureau will offer their services in the most transparent and flexible way, as well as be a valuable asset to your credit risk team. But how do you know if your current bureau is the ‘ri...
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...