Posts From Fintechnews Baltic
A Biometric Payment for Nordic and Baltic Banks
Norway-based biometric fintech Zwipe and TietoEVRY, a provider of software and digital banking services in the Nordics, have agreed to jointly roll out biometric payment solutions based on the Zwipe Pay ONE platform. With the recent surge in demand for
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Holvi Marketing VP Joins Xolo
Xolo, announced the appointment of Elina Räsänen as their new Chief Marketing Officer starting from November, 2020. The Estonian-based company provides a SaaS platform for solopreneurs aimed at making starting and running a modern microbusiness easier. She brings over a
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Bank of Latvia’s Report Revealed Changes in Consumer Payment Habits Post COVID-19
The September edition of the “Payment Radar” by the Bank of Latvia revealed that the COVID-19 and related restrictive measures significantly affected payment habits in Latvia over this year. The central bank’s report found that the total volume of non-cash
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Bank of Lithuania Seeking to Improve AML Framework With Fintech Partnerships
The Bank of Lithuania, together with ACAMS Baltics Chapter, Fintech Hub LT and the Association of Lithuanian Banks, organised a virtual international conference to discuss topical issues and ways for further improving the AML/CTF framework. The “Anti-Money Laundering and Counter Terrorist
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Paysera Switches up to Trade in Physical Gold
Lithuanian payment processor Paysera announced that the company has started trading in physical gold, actual bars and coins rather than units of this precious metal sold on the exchanges. Buyers will be able to store their gold, purchased via the
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Bank of Lithuania Reports Digital Payments Pace Accelerating Despite COVID-19
In the first half of 2020, the number of payment transactions and income of electronic money and payment institutions (EMIs/PIs) has continued to grow at a rapid pace despite the pandemic. “The trends observed in the first half of the
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Klarna Becomes Highest-Valued Fintech Unicorn in Europe At $10.65 Billion Valuation
Stockholm based Fintech Klarna became the highest-valued private fintech in Europe after raising US$650 million in a funding round, at a post money valuation of $10.65 billion. The funding round was led by Silver Lake, technology investing firm with more than
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Invoice Factory Fintech Factris Closes EUR 50M Secured Financing Agreement
Fintech company Factris has closed a new EUR 50 million secured financing agreement with asset manager NN Investment Partners (NN IP). The facility will be used to provide financing to European small and medium-sized enterprises (SMEs) via the purchase of
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UN Agencies Partners With Denmark to Leverage on Singapore’s Fintech Hub
Multiple UN agencies have joined hands with Copenhagen Fintech to bring Nordic fintech startups to Singapore to promote the exchange of innovation. The agencies involved are UNDP’s Global Center for Technology, Innovation and Sustainable Development in Singapore, UNDP’s Nordic Office and
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Bank of Lithuania Urges Electronic Money Institutions to Comply With Capital Requirements
The Bank of Lithuania urges electronic money and payment institutions (EMIs/PIs) to adhere to the established laws and capital requirements or face the consequence of having their infringements made public as part of their enforcement measures. “Capital requirements, along with
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