Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
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
It’s no wonder financial institutions (FIs) are losing millions annually to fraud and money laundering. Despite ongoing amendments to anti-money laundering policies, the industry still faces challeng
Recent bank failures in the US and bank acquisitions, on both sides of the Atlantic, are expected to put pressure on banking institutions to examine and rationalise their corporate governance and risk...
In the second part of this blog, I examine how banks can improve their offerings for customers travelling abroad. Whilst traditional banks may think that consumers use neobanks abroad and then return...
Whether it is spending money whilst on holiday, sending cash to friends or relatives in foreign countries, or making payments during business trips abroad – bank cards are no longer used for domestic ...
The recent wave of mass layoffs across the Fintech and Tech industries has left many feeling concerned about the future of these sectors. However, despite the significant job losses, there remains a s...
As the dust begins to settle after SVB's collapse, a picture emerges showing that venture-backed startups have a clear appetite for BaaS-driven fintechs as an alternative for deposits. I would like t...
We don’t need a crystal ball to predict that economies globally will likely get worse before they get better; or that energy prices and interest rates will continue to rise. But what does it all mean ...
When it comes to reducing data bureau pricing, what matters most isn’t what you paid last year, but how you can get the best price for the highest quality data and scores. We have worked with hundreds...
It started with open banking… but what does it really mean? Open banking enables customers to share their personal data with other external trusted organisations that can provide innovative apps and ...
Identity fraud is a major concern within the banking sector. As technology continues to advance, so do the methods that fraudsters use to deceive banks and their customers. The use of biometrics and d...
In banking and technology, ChatGPT and other types of generative AI is on most people’s mind. In talking with clients they are starting to explore how generative AI can be leveraged to enhance their ...
"The only thing worse than no payment system is having too many payment systems." - David Marcus, Head of Facebook Financial Welcome to the world of digital payments, where transactions ar