Latvia

Latvijas Banka is issuing an electronic money institution operating licence to SIA Paytegra

January 2, 2025

The Supervision Committee of Latvijas Banka has issued an electronic money institution operating licence to SIA Paytegra. The licence grants the right to issue electronic money and offer payment instruments. [..]

Europe

ECB publishes second progress report on the digital euro preparation phase

December 4, 2024

The European Central Bank (ECB) has published its second progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the [..]

Latvia

Latvia Fintech Forum 2024: the sector’s development in Latvia and the key global trends

October 25, 2024

This autumn, Latvia Fintech Forum will take place for the third time on 5 November in Riga. The event will bring together representatives of the financial technology sector in the [..]

Interviews

On a mission to simplify managing companies’ finances: Latvian start-up “Tailwind Technologies”

August 5, 2024

Article authored by Viesturs Deksnis. One of the cornerstones in successful entrepreneurship is ability to plan cash flow correctly and supervise the entire playing field. Development of technology has opened [..]

Lithuania

Singaporean fintech Telcoin establishes 2nd company in Vilnius

July 26, 2024

Telcoin, a Singaporean fintech company, has established its already second company in Lithuania. Telcoin was established in Vilnius on July 18 and is led by David Stuart, a UK citizen [..]

Lithuania

Revolut receives UK banking license

July 25, 2024

Revolut, a London-based global financial services company, said on Thursday it has secured a UK banking license. The company said it is now entering a new stage of “building out” [..]

Lithuania

Lithuanian fintech co Foxpay’s owner contests national security non-compliance decision

July 9, 2024

Ieva Trinkunaite, the owner of Foxpay, a Lithuanian fintech company under the scrutiny of law enforcement and supervisory authorities, has contested in court the government’s conclusion that she does not [..]

Latvia

South African Bank Acquires Shares of Latvian Fintech Company in Landmark European Investment Deal

April 3, 2024

In March, a deal was finalised between one of South Africa’s leading banks Capitec Bank and fintech company AvaFin to acquire a controlling stake. The transaction represents a unique case [..]

Estonia

From 2025, it will be possible to invest in cryptocurrency through an investment account

January 10, 2024

The Estonian Ministry of Finance has sent on a second round of approvals a bill seeking to introduce a number of new requirements for cryptocurrency service providers and to bring [..]

Estonia

Estonia’s e-residency program has delivered over EUR 200 mln in state revenue

December 1, 2023

The Estonian e-residency program, which is celebrating its ninth anniversary on Friday, has seen its cumulative contribution to the national budget exceed 200 million euros. The program is moving towards [..]

Europe

Eurosystem proceeds to next phase of digital euro project

October 19, 2023

Governing Council to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro Preparation phase will lay foundations for a potential [..]