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.
How technologies can help meet AML requirements
Increasingly strict regulatory and compliance requirements for financial institutions in the area of anti-money laundering (AML) and sanctions management, the rising costs associated with meeting these requirements and a greater focus on data, along with advances in technology, have driven the digital transformation of the financial sector. One area of development is RegTech, a regulatory technology that helps to meet the requirements of the risk management and compliance control regulatory framework.
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.
Why obtain a crowdfunding authorisation in Latvia?
The single European crowdfunding regulatory framework sets uniform regulatory and operational requirements for service providers.
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).
