Edgars has a background in strategic product development at Tieto and has a long experience in change management and innovative solutions implementation in the financial sector. He has been in IT management, IT strategy development and legacy solutions renewal in vaurous banks for more than 20 years.
He has hands-on experience in Lean process improvements, business renewal and management consultancy. Currently, Edgars is involved in instant payment products development and assists financial institutions to adopt their business models for real time economy.
Tieto is monitoring many European jurisdictions in the process of introducing PSD2, which mandates banks to open up their APIs to third-party service providers. Simultaneously, we closely follow the reaction of the financial community in other markets, such as Singapore, Russia, China or Nigeria. It is evident that implementing the mandates can be a complicated process that eats up a lot of time and resources. More
When it comes to PSD2 and Open Banking, the European Union is like a test lab for the rest of the world. Other countries are closely following how the directive is going to work and what challenges the financial market will face. The experiences in the EU will be a benchmark for everyone else. More
Open Banking is bound to reshape the banking industry and its services. The driver comes from the EU in the form of PSD2, short for Revised Payment Service Directive, which opens up the EU payment market to companies offering consumer- or business-oriented payments based on access to information about the payment account. However, we’re still waiting for the influx of innovative services. More
I have just returned from a three-day workshop with a client who would like to modernize their national retail payment infrastructure.. More
Closing of last year saw the launch of new instant payment schemes in the US and Eurozone. The main commercial banks in the US are behind RTP®, and nearly 600 payment institutions from eight European countries are participating in SCT Inst (SEPA Instant Credit Transfer). More
Launching a national payment system is an achievement not to be underestimated. Yet the technology and the platform is not the be-all and end-all. It is merely the beginning. The real value comes when the system is used to unlock benefits, such as delivering on social projects and financial inclusion. More
How often have you got to the end of a project and wished you’d known something at the start? This is no bad thing because learning from one’s mistakes is one of life’s lessons — luxuries even. Yet in business, it’s a bit different. Projects have to be delivered on budget and on time. It isn’t always possible or desirable to make mistakes in order to learn. More