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

Martin Bradbury Regional Director, Financial Services UK&I at Dynatrace

Banking on resilience: How UK banks can strengthen their IT systems to avoid outages

In February 2025, the UK Parliament’s Treasury Committee launched an inquiry into IT failures across major banks. The inquiry uncovered over 803 hours – equivalent to more than 33 days – of unplanned system outages in just two years. This unusual government intervention into the affairs of private enterprises reinforces the urgency for financial ...

19 May 2025 /regulation /retail

David Feuer Chief Product Officer at Galileo Financial Technologies

Banks Are Asking the Wrong Questions About Core Modernization

In the early 2000s, Netflix offered Blockbuster an opportunity to integrate its online DVD rental model for $50 million. Blockbuster, bullish on its retail dominance, dismissed the offer, scoffing at the idea that digital and mail-based rentals could compete with its physical footprint. Blockbuster became a relic, while Netflix grew into a $433 bi...

13 May 2025 /cloud

Anand Vaidya Principal Solutions Consultant at Icon Solutions

Time for a Mindset Shift in High-Value Payments Processing

The systemic importance of high-value payments to banks’ operations and offering – and, by extension, the global economy – means they are almost always a key priority when exploring a new payments product or initiative. So, what are the specific considerations and challenges that high-value payments present? And what capabilities must payments proc...

09 May 2025 /payments

Nick Green Director at Purple Patch Broking Ltd

5 ways bureau benchmarking improves onboarding, competitiveness and pricing

Credit bureau benchmarking has long been associated with one thing: reducing spend. And yes, it can deliver significant savings. But focusing on cost alone risks missing the broader strategic value it can bring. For credit, fraud and procurement teams, benchmarking creates visibility and leverage that extends well beyond cost. It opens the door to ...

06 May 2025 /retail /inclusion

Artem Goryushin Business Analyst at Self-Employed

Top 5 Binary Options Signal Providers to Watch in 2025

Binary options signal services help traders spot opportunities by sending real-time trade alerts based on technical setups or algorithmic triggers. With dozens of providers emerging across platforms like Telegram and broker-native systems, it's important to separate structured tools from noise. Below is a curated list of five signal providers acti...

03 May 2025 /wealth /markets

Nick Green Director at Purple Patch Broking Ltd

The future of credit data: Will AI reduce bureau dependency?

Lenders have traditionally turned to credit bureau data to assess affordability and risk—but that reliance is starting to change. AI-powered models are now delivering real-time, predictive insights that offer far more than static bureau scores. And with alternative data sources gaining traction, credit providers are under pressure to reassess how ...

10 April 2025 /retail /crime

Siobhan Byron EVP, Universal Banking at Finastra

The absurdity of innovation: Reimagining banking today

In business we are encouraged to challenge the status quo, think outside the box, and disrupt or be disrupted. We are exhorted to fail fast while we think big, start small and scale fast. And while there might be some dispute about whether Peter Drucker actually said, “innovate or die”, there is no argument that he had a profound belief in the c

08 April 2025 /retail

Devendra Singh Parmar Independent Researcher

Banking 2030: The Role of Autonomous AI Agents in Fraud and Risk

As the financial services industry continues to undergo rapid digital transformation, the landscape of banking is set to look dramatically different by 2030. One of the most pivotal forces shaping this evolution is the emergence of autonomous AI agents—intelligent systems capable of operating independently to solve complex problems, adapt to new en...

03 April 2025 /ai /crime

Frank Moreno CMO at Entersekt

Banks must rethink how they protect SMB clients

Banks have traditionally focused on servicing enterprise clients or individuals, expecting small and medium businesses (SMBs) to fit in and find an offering that best suits their needs. But the rapid rise in fraud aimed at smaller businesses requires a solution that is appropriate for SMB clients, which remain the growth engine for many banks – an...

02 April 2025 /security /retail

Ray O'Brien Advisor at FLOWX.AI

Bridging the Operational Divide: What Banking Can Learn from Process-Heavy Industries

When Reputation Meets Reality For decades, banking has been seen as the pinnacle of risk management. Compliance frameworks, regulatory oversight, and sophisticated financial models create the impression of an industry that leaves little to chance. Yet, beneath this perception lies a critical weakness. While banks excel at monitoring financial risk...

24 March 2025 /retail /startups