A novelty in Europe and Latvia – cross-border testing of innovative financial technologies in regulatory sandboxes
Discussion “How can governments help the FinTech sector to grow”
On 1 June, Marine Krasovska, Director of Financial Innovation Department of the Financial and Capital Market Commission, took part in the Global Government FinTech Lab 2022 event in Tallinn, Estonia.
Financial innovations used by Latvia’s financial and capital market participants 2022
In spring 2022, the Financial and Capital Market Commission (FCMC) conducted a survey of Latvia’s financial and capital market participants for the third consecutive year with a view to clarifying the scope and trends of the innovative financial technology (FinTech) used in Latvia.
FCMC offers several support mechanisms to FinTech companies
To support enterprises seeking to develop innovative financial products and services and choosing Latvia as a place to expand their business in the global environment, the Financial and Capital Market Commission (FCMC) offers several support mechanisms – the Innovation Hub for consultations, the Regulatory Sandbox for testing innovative services and website fintechlatvia.eu containing up-to-date FinTech information.
Welcome to Latvian FinTech and innovation portal
Latvian FinTech sector is new and ambitious, it started to develop 10 years ago thanks to high concentrations of IT and skilled financial professionals.
Current developments in FinTech and FCMC support for industry players
Latvia is becoming an increasingly popular destination in Europe for FinTech companies – last year the venture capital company Index Ventures recognised Latvia as one of the start-up-friendly countries in Europe, FinTech companies operating in Latvia have successfully established companies in other countries and continents of the world.
Crowdfunding service providers are invited to timely apply to the FCMC for authorisation
At the end of last year, a new segment - crowdfunding service providers – joined the financial market participants supervised by the Financial and Capital Market Commission (FCMC).
FinReg 2021: New EU Crowdfunding Regulation in the Baltics
On 8 December 2021 COBALT held the FinReg 2021 Expert Panel Discussion on the new European Union crowdfunding regulation.
