Innovation Hub
Innovation Hub is a special Latvijas Banka contact point for FinTech companies and market participants. You will receive professional advice from the best experts. You can receive support at any stage of business development.
Regulatory Sandbox
Existing and potential financial market participants are welcome to test and verify compliance of innovative services with regulatory requirements in a particular environment – the Regulatory Sandbox.
Crowdfunding
Crowdfunding operates through digital platforms that bring together potential investors or lenders and companies that need funding. If you wish to obtain an operating licence for crowdfunding, please refer to Latvijas Banka.
Financial instruments
New business models have been developed for attracting investment through financial instruments. One of the new business models is an investment platform. If you wish to obtain a licence to operate an investment platform, apply to Latvijas Banka for the licence.
Crypto-assets
There is a very rapid growth and development of crypto-asset industry worldwide today. Crypto-assets have great potential to boost innovation in the financial market.
Payment services
Innovative technology solutions enable faster, more convenient and efficient payment services. If you plan to introduce a new innovative payment service, consult Latvijas Banka about the appropriate permit to start the provision of payment services.
RegTech
RegTech solutions allow financial institutions to automate processes and accomplish them within a shorter time span. Take a look at particular areas of RegTech solutions and refer to Latvijas Banka if you are planning to develop an IT solution in any of these areas and need expert advice.
Success stories
Vladislavs Beļskis
Founder of JOOL PAY
We applied to Latvijas Banka with the intention to obtain an operating licence for a new payment service. The cooperation was successful and in March of this year, we received a licence from Latvijas Banka to operate as a payment institution with the right to provide money remittance services.
Anastasija Oļeiņika
TWINO Investments Board Member
A rapidly growing FinTech company such as TWINO can thrive only in an open startup ecosystem that welcomes and supports us when necessary. We’ve greatly benefitted from having access to local mentors and advanced tech knowledge, as well as events and incentives that support tech innovation.
