Posts From Fintechnews Baltic

The Collaboration of 6 Nordic Banks Results in a Joint KYC Company

Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know

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10 Estonian Fintech Startups at Money 20/20 in Amsterdam

Money 20/20 Europe, a global event that celebrates the intersection between money and technology, concluded its 2019 run in Europe last month, held in Amsterdam, Netherlands. One of the highlights there was a presentation by Finance Estonia, a financial sector

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The Bank of Lithuania Starts Adding Fintech Companies’ Innovations on the Blockchain

LBChain is the world’s first blockchain-based sandbox developed by a financial market regulator, the Bank of Lithuania. The platform was developed through a pre-commercial procurement and is now opening up to international start-ups as well as financial and FinTech companies

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Peer-to-Peer Insurance Platform to be Tested in the Lithuanian Regulatory Sandbox

UAB Workpower has become the first company allowed by the Board of the Bank of Lithuania to enter the Bank of Lithuania’s regulatory sandbox and test a peer-to-peer insurance platform. “We believe that peer-to-peer insurance services could become a cutting-edge

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Open Banking Represents the Largest Fintech Opportunity in the Baltics and Nordics

The Nordic and Baltic region is poised to become a fintech powerhouse, but challenges related to access to capital, achieving scale and reach, and regulation must be addressed, found a new survey. Launched during Money20/20 in Amsterdam earlier this week,

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Bank of Lithuania Issued Three Electronic Money Institution Licences

Bank of Lithuania issued three new electronic money institution licences. The first electronic money institution licence was granted to UAB Verse Payments Lithuania, a subsidiary of the US company Verse Technologies, Inc. The company plans to carry out activities in

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Estonia Toughens Crypto Regulation Amid Money Laundering Concerns

The Estonian government has passed a bill that tightens the regulation on granting virtual currency activity licenses to providers active in the sale and purchase of virtual currencies as well as those who provide virtual currency wallet services, this is

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Evarvest Plans to Launch a Commission Free Stock Trading App

Evarvest, a Lithuania-based startup established with a goal of uniting the world’s stock exchanges and making them more widely accessible, reveals plans to launch a unique trading solution addressed to the next generation of investors. The soon-to-be-released app will provide

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10 Hottest Fintech Startups in the Baltic States

Despite being a relatively small market compared to its other European counterparts, the Baltic region is quickly surging ahead in the global fintech race. It was once hailed by the World Economic Forum as one of the most innovative region

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Top 10 Hottest Fintech Startups and Companies from the Nordics

The Nordic countries or the Nordics, a geographical and cultural region in Northern Europe and the North Atlantic that includes Denmark, Finland, Iceland, Norway, and Sweden. The region is increasingly becoming a fintech powerhouse, producing some unicorns and iconic names.

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