Archive
Finland Billboards Now Double as Disinfectant Terminals for Mobile Phones
Nordic health company Terveystalo has turned billboards into disinfectant terminals that can supposedly clean a phone in only 15 seconds with UVC light. The billboards are located in Helsinki and Turku in southern Finland. There is a small hatch in
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Curve Europe UAB Gets the Green Light for E-Money License in Lithuania
The Board of the Bank of Lithuania has granted an electronic money institution license to Curve Europe UAB, a subsidiary of Curve OS Limited, an electronic money institution licensed in the UK. This move authorises it to issue electronic money
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Estonian Virtual Cyber Security Hackathon Announces Winners
Estonian startup Garage48 has concluded its 4th Cyber Security Hackathon on the 23rd to 25th of October, announcing the list of winning startups. The hackathon was organised in collaboration with Institute of Computer Science at the University of Tartu, Sentinel,
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Lithuanian PayRay Expands Its Footprint to Latvia
PayRay Bank has continued its planned expansion and has started operations in Latvia. Factoring services and loans are already being offered to the businesses in that country. In the future, the range of services provided will be supplemented by other
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SME Finance Plans to Launch Neobank in Lithuania
Lithuanian fintech startup SME Finance is planning to launch a neobank targeting small and medium-sized enterprises in mid-2021. The bank will only be operating online via a mobile app, providing financial services such as loans, transfers and deposits. Mindaugas Mikalajūnas,
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Lithuanian Fintech PayRay Throws Its Doors Open as a New Commercial Bank
PayRay, a Lithuanian fintech company, has now launched its banking operations after securing a banking license from the European Central Bank (ECB). The bank will soon start accepting deposits from Lithuanian customers (private individuals), which will be accepted in Euros
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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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