Posts From Fintechnews Baltic
The 20 Biggest Fintech Startups and Companies in Finland in 2020
Fintech Farm Helsinki came up with an updated listing of the largest fintech companies in Finland based on the recently published 2019 figures. They have now divided the companies into 3 different top 20 listings, which are startups founded since
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Latitude59’s Pitching Competition Finalists Lack Fintech Representation
Latitude59 x EstBAN Pitching Competition’s pre-finals took place last week with over 50 early-stage startups competing for the chance to pitch in front of investors at the Latitude59 stage. The top 10 finalists for the flagship startup and technology event did not
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A Quick Guide to Estonia’s Crypto License and New Requirements
In 2017, Estonia became amongst the first countries in Europe to provide a legal framework for business activities involving virtual currencies. Since then, the Baltic country has emerged as a preferred destination for crypto entrepreneurs to launch their businesses. In
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Swedbank Releases Latvia Fintech Report 2020
The finance industry in Latvia in general, and it’s capital Riga in particular, has been traditionally strong. Financial services have consistently ranked among the leading service export areas in the Baltic region, in large parts benefitting from Riga as the
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Bankera Starts Offering Business Loans for Digital SMEs
Bankera, a Lithuanian fintech startup, has started to offer business loans for small and medium-sized enterprises (SMEs). The model for Bankera Business Loans was developed at the European Commission hackathon as a response to COVID-19 back in April. Despite the
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An AI-Based Biometrics KYC Verification To Purchase Central Bank’s Digital Coin
iDenfy announced a partnership with the Bank of Lithuania to offer digital coin buyers a convenient ID verification process based on artificial intelligence. The startups biometric verification solution will help verify customers’ identities to buy the LBCOIN complying with Know
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Web Browser Opera Accelerates Fintech Push in Europe with Fjord Bank Acquisition
Opera, a browser provider headquartered in Oslo, announced its intention to purchase Fjord Bank subject to regulatory approval. The acquisition will enable Opera to further accelerate its fintech operations in Europe by launching new services aimed at improving consumers’ personal
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Electronic Money and Payment Institutions Shows 20% Growth In Lithuania
At the end of 2019, a total of 115 electronic money institutions (EMIs) and payment institutions (PIs) operated in Lithuania, comprising a one-fifth increase compared to the previous year. According to the audited annual financial statements, corporate income from licensed
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Bank of Lithuania Releases Digital Currency Collector Coin
The Bank of Lithuania will be issuing their blockchain-based LBCOIN digital collector coin LBCOIN on 23 July which claims to be the world’s first of its kind. The development of LBCOIN was initiated during the hackathon held by the central
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Estonia Issues Their Much Anticipated Digital Nomad Visa
Estonia is launching its long-awaited Digital Nomad Visa this month, an extension of their e-Residency programme. Digital nomads and remote workers have long faced ambiguity when working while they travel, often skirting the law by working while visiting a country
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