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.
Big Data and SupTech Development
As part of enhancing supervisory processes, the Financial and Capital Market Commission (FCMC) uses innovative technologies for big data processing and strengthens the automation capacity.
Latvia’s FinTech forum 2022
On 13 September, Riga hosted Latvia's FinTech forum bringing together representatives of FinTech companies and industry experts from Latvia and other European countries. Participants discussed FinTech development trends and growth perspectives, capital availability for FinTech companies, the regulatory framework and talent attraction.
Largest FinTech event of the year
FinTech sector development is one of the Financial and Capital Market Commission (FCMC) priorities in supervision of financial and capital market participants. With a view to facilitating financial innovations and strengthening the financial industry, the FCMC has implemented a number of initiatives to improve onboarding and licencing processes and further enhance the advisory capacity in the Innovation Hub.
Path towards the licence for the provision of crowdfunding services: the experience of CrowdedHero
In mid-August, SIA CrowdedHero Latvia (CrowdedHero) obtained the first authorisation to provide crowdfunding services in Latvia issued by the Financial and Capital Market Commission (FCMC). What was our company's path towards this licence?
