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.
FinTech event “Social engineering – unlimited fraud possibilities or lack of financial literacy”
On December 8, 2022 FinTech Latvia association organised the FinTech Breakfast networking event "Social engineering – unlimited fraud possibilities or lack of financial literacy" and panel discussion "How companies can manage SE risks and how to rise financial literacy in society".
FinTech event “Cyber security trends and challenges in the FinTech sector”
On December 1, 2022 FinTech Latvia association organised the FinTech Breakfast networking event "Cyber security trends and challenges in the FinTech sector" to meet with fellow FinTech professionals and partners.
Latvian FinTech landscape review Autumn’22
At the time in Latvia, there were neither startup nor FinTech databases, which is why Venture Faculty decided to create the most complete Latvian FinTech landscape.
