Discussion "Latvia – as the New Home for Global FinTech"

On 9 December 2021, "Venture Faculty" in partnership with Financial and Capital Market Commission (FCMC) and Association of Latvian Payment and Electronic Money Service Providers, FinTech sector partners held an online discussion “Latvia – as the New Home for Global FinTech”.

In the discussion our strategical partner Renāts Lokomets together with representatives of European and Latvian FinTech companies and industry experts discussed advantages and challenges of the Latvian FinTech ecosystem and opportunities to develop business by obtaining an operating licence in Latvia.

The first part of discussion "Improvement of Latvian ecosystem creates opportunities to be located in Latvia" was chaired by Daria Dubinina, CEO at Crassula.

Speakers:

• Renāts Lokomets, Strategical Partner at Venture Faculty
• Andrejs Bosko, Board Member at the Association of Latvian Payment and Electronic Money Service Providers
• Guntars Gudermanis, Member of the Board at SIA Paysera Latvia
• Marine Krasovska, Director of Financial Innovation Department of the FCMC
• Mats Taraldsson, Head of Innovation, Fintech and Impact-tech Engagement at Mastercard Nordics and Baltics
• Johan Modenius, Head of Banking Relationship at Mastercard Nordics & Baltics

The second part of discussion "Challenges of Latvian regulation regime: new era of Latvian financial sector" was chaired by Marine Krasovska, Director of Financial Innovation Department of the FCMC.

Speakers:

• Mārtiņš Valters, co-founder of SIA Mintos Payments and AS Mintos Marketplace
• Staņislavs Siņakovičs, Head of Sales and Regional Development of LPB Bank
• Ivan Zhiznevskiy, Managing Director of 3S Money
• Agnese Alaine, Head of Licensing Division of the FCMC
• Sandra Mielava, Head of Non-Banking Audit Division of the FCMC
• Special guest Mihail Shafro, Chief Executive Officer of xpate

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Special thanks to all of the participants of the discussion for their input on Latvian FinTechc ecosystem. The event was joined by more than 190 people.

As Director of Financial Innovation Department of the FCMC Marine Krasovska points out, the dialogue between regulatory and industry professionals will improve facilitation and development of fintech ecosystem in Latvia.