Latvia

UBS Chooses Regula’s Identity Verification Solutions to Automate Onboarding

UBS has partnered with Latvian identity verification company Regula to create a fully automated and 24/7 account opening process for new customers. Instead of real-time video interviews, which were previously required by UBS to verify new customers, the enrollment process now

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Cross-Border Payments Platform ArcaPay Enters the Latvian Market

UK-based cross-border payments platform ArcaPay has entered the Latvian market to provide SMEs with trading partners outside the eurozone an alternative to commercial banks. ArcaPay specialises in cross-border payment, foreign exchange and currency risk management solutions. Its services are built

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LPB Bank: The Fintech Industry in Latvia Has Great Potential but Requires Decisive Action

The FinTech industry in Latvia has enormous opportunities lying ahead – this was one of the insights at a recent forum held by the Financial and Capital Markets Commission (FCMC) and the Investment and Development Agency of Latvia (LIAA), with

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Latvian Central Bank: Non-Cash Payments Account for 71% of Transactions

The central bank of Latvia’s semi-annual “Payment Radar” report found that the ratio of non-cash and cash payments in the country stood at 71% to 29% as at August 2022. The ratio of cash and non-cash payments in the previous

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Latvia Joins Consortium to Develop Payments Pilot for EU Digital ID Wallet

The Nordic-Baltic eID Project (NOBID) is leading a consortium of six countries—Denmark, Germany, Iceland, Italy, Latvia and Norway—to deliver a cross-border payments pilot aligned with the aims of the European Commission’s EU digital identity wallet program. The consortium’s proposal to

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5 Baltic Startups Selected for the Lighthouse FINITIV 2022 Fall Programme

15 fintech companies – five from the Baltic region and 10 from the Nordic region – were selected to participate in Mastercard Lighthouse FINITIV’s 2022 fall programme. Since its launch in 2018, the Mastercard Lighthouse FINITIV programme has been the

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airBaltic Issues 14 City Collection NFTs on OpenSea at 0.1 Ether Each

Latvian flag carrier airBaltic has concluded the issuance of a non-fungible token (NFT) collection with 14 tokens issued on NFT marketplace OpenSea, each listed at a fixed price of 0.1 Ether. The fourteenth NFT in airBaltic’s City Collection is a

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Tresio Partners With Latvia’s Nordigen to Gather Its Customers’ Financial Data

Financial planning platform Tresio has partnered with freemium open banking provider Nordigen to further enhance their financial tool via accurate, real-time data. Tresio’s partnership with Nordigen allows them to source customers’ financial data directly from their bank accounts within seconds

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F10 Launches Climate Fintech-Focused Incubator in the Nordics and Baltics

F10, an innovation ecosystem for fintech and insurtech with hubs in Switzerland, Singapore, and Spain, announced the launch of an incubation programme dedicated to climate fintech across the Nordics and Baltics, expanding its reach within Europe. The goal is to

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GoCardless to Acquire Latvian Open Banking Platform Nordigen

Payments company GoCardless announced it plans to acquire Nordigen, a Latvian open banking data provider. The deal is expected to close later in the summer. Further terms of the acquisition were not disclosed. GoCardless will incorporate Nordigen’s next-generation open banking

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