Companies PrimeX and SIA Bonusukarte.lv gain recognition at the Fintech Factor competition
On 10 October, fintech companies PrimeX and SIA Bonusukarte.lv received recognition at the Fintech Factor competition held during the Latvia Fintech Forum 2023. The Fintech Forum piqued significant interest, attracting more than 200 representatives from the fintech ecosystem.
Nordic Fintech Week: Shaping the Future of Financial Innovation
The Nordic Fintech Week, which took place from 27 to 28 September in Copenhagen, was attended by more than 2000 participants. With a focus on the most transformative trends in fintech and financial innovation, this event brought together world-class speakers and leaders from across the Nordic and European Union.
Latvijas Banka issues an electronic money institution operating licence to SIA xpate
On 4 October, the Supervision Committee of Latvijas Banka decided to issue an electronic money institution operating licence to SIA xpate.
Latvian fintech landscape update: 2023
The fintech sector is transforming global financial services, and Latvia, a rising player in the European fintech scene, is no exception.
Faster, more convenient and efficient: innovations used by Latvian financial market participants
A major share of Latvian financial sector businesses introduce and use innovations that improve customer experience and provide modern and convenient services to them. Furthermore, businesses also already employ artificial intelligence solutions, machine learning and big data processing or technologies with a potential for significantly changing the financial services and the market.
Options for DLT financial instruments – single pilot regime
The use of distributed ledger technology (DLT) and blockchain in financial markets has increased significantly over the last five years, and one of the main applications of DLT in financial markets is crypto-assets, including crypto-assets that qualify as financial instruments.
Join Fintech Factor in October. Apply now!
Imagine a thrilling competition that resembles the excitement and suspense of a popular talent show, like X-Factor, but is designed exclusively for fintech companies.
Continuing to create a FinTech-friendly environment: next steps
To create a FinTech-friendly environment, promote innovative financial services in Latvia and attract new businesses to provide these services, Latvijas Banka and representatives of the financial industry have agreed on a plan of activities and tasks that each of the parties involved has committed to implement.
