Discussion “Breaking Through the Noise”

In mid-April, Riga hosted ECOM21 2023 conference for eCommerce and FinTech, bringing together industry leaders and decision-makers to discuss the latest trends and challenges in the post-pandemic world.

Nordic Fintech Magazine interview with Marine Krasovska

Marine Krasovska, head of Financial Technology Supervision Department at Latvijas Banka, recently talked to Nordic Fintech Magazine about the role of Latvijas Banka in facilitating the growth of fintech within the country.

Latvijas Banka issues an investment firm licence to SIA Nectaro

On 29 March, the Supervision Committee of Latvijas Banka decided to issue a licence to SIA Nectaro for the provision of investment services and ancillary investment services.

Latvijas Banka issues a payment institution operating licence to SIA JOOL PAY

On 15 March, the Supervision Committee of Latvijas Banka decided to issue a payment institution operating licence to the limited liability company JOOL PAY with the right to provide money remittance services.

BigTech impact, regulation and challenges. Will we see BigTechs invading financial services?

The BIS innovation conference held on 8 and 9 February was dedicated to evaluation and analysis of BigTech firms’ impact on financial services and financial stability in relation to systemic risk and interconnectedness.

Implementation of the Crowdfunding Regulation in the EU

On 14 February, a flagship event of the European crowdfunding sector was held under the sponsorship of Mr Bruno Le Maire, Minister for Economic Affairs, Finance and Industrial and Digital Sovereignty, and the French association of crowdfunding (Financement Participatif France).

Regulatory framework for crypto-assets will see the light of day soon

In 2023, the European Commission plans to approve the new regulatory framework for rendering crypto-asset services – the MiCA (Markets in Crypto-Assets) Regulation.

Latvia’s FinTech sector development strategy has been drawn up. What are the next steps?

January 2023 is significant for Latvia's FinTech community: the government has examined the report on Latvia's FinTech sector development strategy in its meeting. This report defines Latvia's vision in the FinTech area and identifies the work to be done in order to stimulate the uptake of innovation in the financial sector and the development of FinTech.
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