Posts From Fintechnews Baltic
Following On The Steps Of Neighbor Estonia, Lithuania Introduces E-Residency Program
Lithuania is following on the steps of its Baltic neighbor Estonia and introduced an e-residency program for foreigners. According to a report by LRT, the Lithuanian government has passed a legal amendment allowing foreign nationals to obtain the status of
Read More
Fintech Infographic of the Week: Denmark’s Fintech Startup Scene
In recent years, the Danish fintech sector has experienced significant growth, facilitated by a highly educated and digitally literate population, the support of specific government policies aimed at promoting financial innovation, and the development of Copenhagen as an international fintech
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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
Read More