Fintech

International Internet Magazine. Baltic States news & analytics Saturday, 26.09.2020, 20:48

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Latvian startups attract investments worth EUR 13 mln in eight months

Latvian startups attract investments worth EUR 13 mln in eight months

21.09.2020

In the first eight months of this year, Latvian startups attracted investments worth EUR 13 mln, said Diana Lace-Davidova, the executive direction of the Latvian association of startups, Startin.lv, in a forum today, referred LETA.

Keyword tags: Analytics, Financial Services, Fintech, Good for Business, Markets and Companies, Technology



Poland's Finnovative Solutions gets payment institution license in Lithuania

Poland's Finnovative Solutions gets payment institution license in Lithuania

17.09.2020

The Board of the central Bank of Lithuania has granted Polish-capital company Finnovative Solutions a payment institution license authorizing to offer payment initiation and account information services, reported LETA/BNS.

Bank of Lithuania: Electronic money and payment institutions managed to withstand the shock of COVID-19

Bank of Lithuania: Electronic money and payment institutions managed to withstand the shock of COVID-19

16.09.2020

In the first half of 2020, the number, payment transactions and income of electronic money and payment institutions (EMIs/PIs), which hold a significant share of the Lithuanian fintech sector, continued to grow at a rapid pace.


Lithuania mulls allowing third-country businesses open e-money accounts

Lithuania mulls allowing third-country businesses open e-money accounts

16.09.2020

Lithuania is considering facilitating conditions for Belarusian businesses to move to Lithuania by letting them open not only bank accounts while establishing an enterprise in Lithuania but also open accounts with e-money institutions, Vice Minister of Economy and Innovation Marius Skuodis says, adding that legal changes would be required to do so, writes LETA/BNS.

Bank of Lithuania urges electronic money and payment institutions to comply with capital requirements

Bank of Lithuania urges electronic money and payment institutions to comply with capital requirements

27.08.2020

The Bank of Lithuania reminds electronic money and payment institutions (EMIs/PIs) about the necessity of holding sufficient and legally established capital buffers.


14.08.2020

Bank of Lithuania: Progress of financial innovations requires equal treatment and solutions at European Union level

In response to the European Commission’s consultations on the development of the digitalisation of financial services in Europe, the Bank of Lithuania proposes to apply uniform regulation throughout the European Union (EU), following a technologically neutral approach, and applying smart supervisory solutions more widely.

10.08.2020

EMQ sets up business in Lithuania

Chinese financial settlement and payment company EMQ Limited has established a company in Lithuania, informs LETA/BNS, according to the country's Center of Registers.

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