Posts From Fintechnews Baltic
8 Baltic Fintech Startups to Watch in 2020
The fintech sector in the Baltic states is rapidly growing on the back of proactive governments that have set sights on establishing a favorable environment for the industry to thrive. Lithuania launched a regulatory sandbox in 2017 to allow fintechs
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Strong Together; Drones, Corona-Online-Hackathons and other Activities During Vilnius Lockdown
Because of the coronavirus pandemic, Lithuanian government has imposed quarantine – and people in the capital Vilnius reacted with solidarity and speed. In the first week of quarantine thousands of volunteers offered their help, entrepreneurs have raised large sums for
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Sweden Set For Dramatic Growth In Digital Wealth Management
Analysis of industry data by Nucoro reveals that 7% of people in work in Sweden earn over $90,000 a year or 906,000 Swedish Krona (SEK). It’s analysis also reveals a growing pool of wealthy people in Sweden, many of whom
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Sweden To Test Technical Solution For The e-Krona
The Riksbank is conducting a pilot project with Accenture aimed at developing a proposal for a technical solution for an e-krona. The objective is to create, in an isolated test environment, a digital krona that is simple and user-friendly. The
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Lithuania’s Fintech Landscape in 2019 and 2020 Startup Map
2019 was a key year for Lithuania’s fintech sector, with the number of companies in the sector rising to more than 200 and the country being recognized as one of the most dynamic fintech hubs globally, according to a new
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Estonia Fintech Startups Map 2020- First ever Draft of the Fintech Scene in Estonia
Fintech is a rapidly emerging area of business in Estonia with now 78 companies, among which 18 in the blockchain, crypto space, according to the first ever draft of the Estonia Fintech Startup Map. Estonia has a burgeoning blockchain
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First Ever Latvia Fintech Startup Map Draft Released
Like other Baltic nations, Latvia has witnessed the steady growth of a fintech scene. Today, the country is home to 50 fintech startups and has rapidly expanding blockchain and alternative lending segments, according to the Fintech Latvia Startup Map 2020.
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Top 18 Upcoming Fintech Events in the Baltic and Nordic Region in 2020
The fintech landscape in the Nordic and Baltic regions continues to be one of the most successful at producing unicorns with recent examples that include TransferWise, from Estonia, and Klarna Bank, from Sweden. As we head into 2020, we look
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Riksbank Develops an e-Krona in a Test Environment
The Riksbank has implemented a public procurement of a technology supplier to the e-krona pilot project and intends to sign an agreement with consulting company Accenture. The primary objective of the e-krona pilot project is to broaden the bank’s understanding
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Fintech Startup PayRay Got a Lithuanian Banking Licence
Following the assessment and proposal of the Bank of Lithuania, the European Central Bank (ECB) granted PayRay, UAB a banking licence, authorising it to receive deposits and other repayable funds. The company is currently providing factoring services and microcredits to
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