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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
In financial services, data is the lifeblood that powers every decision. However the current landscape is riddled with challenges, most prominent among them being the lack of transparency in data pric...
With rising costs and growing data needs, financial services procurement teams are under intense pressure to optimise spend and make strategic decisions. This calls for a new approach - one grounded i...
FinTech and banking applications are accessed every day by millions of consumers around the world, and passwords remain the primary method of authenticating users into the service. Yet, they are inher...
As one of the largest financial services events, it was great being able to attend Money 20/20 in Amsterdam this year. My first time at an event that started in 2012, that hosts over 20,000 people acr...
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...