Fintech

Why is Latvia increasingly on the fintech shortlist?

Latvia has recently attracted increased attention within Europe’s fintech community, particularly among organisations planning to launch innovative financial services. The interest is driven by a combination of regulatory clarity, structured [..]

Fintech in Latvia: 127 companies, 91 million in taxes, and the ambition to grow in global markets

There are 127 financial technology companies operating in Latvia, employing more than 3,600 people, generating a turnover close to 400 million euros, and paying over 91 million euros in taxes [..]

Germany’s Finoa opens office in Vilnius to expand crypto services

By LRT.lt. German cryptocurrency custody and staking services group Finoa is opening a branch in Vilnius, the country’s investment promotion agency Invest Lithuania announced Wednesday. The new office will work [..]

Iute delivers strong 9-month results with rising revenue and profit

Iute Group, headquartered in Estonia and offering credit, payment and insurance brokerage services in Southeast Europe, increased its revenue by 9% and net profit by 13% during the first nine [..]

Latvijas Banka expands instant payment verification solution for financial institutions across Europe

As of October 2025, Latvijas Banka is the only central bank in Northern Europe offering the Instant Verification Service (IVS) at the Eurosystem level to payment service providers – banks [..]

Fourth Latvian FinTech Forum to take place in late September

On September 30, Riga will host the fourth Latvia Fintech Forum that will bring together fintech policy makers and fintech ecosystem stakeholders from the Baltic states and other European countries [..]

Consultation by Lietuvos bankas: what’s next for Lithuania’s payments market?

To provide more possibilities to choose and higher protection for consumers and to ensure the development of services, Lietuvos bankas presents a proposal for a payments market strategy up to [..]

The volume of cashless payments exceeded 1 trillion euro in 2024

In 2024, 876.0 million customer non-cash payments totalling 1.1 trillion euro were executed by Latvian payment service providers (credit institutions, electronic money institutions, payment institutions, credit unions, Latvijas Banka, and [..]

Singaporean fintech Telcoin establishes 2nd company in Vilnius

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 [..]

Restoration of services continuing at Hansab, banking services working in Estonia

As of Tuesday noon, automation services provider Hansab, which came under a cyber attack on March 1, is continuing with the restoration of the operation of some specific IT systems. [..]

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