“The future economy is unthinkable without a strong and powerful fintech sector. The Latvia Fintech Forum inspires both policymakers and entrepreneurs, helping them discover new paths towards the expansion of the fintech sector and its significant contribution to economic growth. »
strong points Mārtiņš Kazāksgovernor of Latvijas Banka.
The forum will be opened by Viktors Valainis, Minister of Economy. The Fintech Forum is organized by Latvijas Banka, in cooperation with the Latvian Investment and Development Agency (LIAA) and the Riga Investment and Tourism Agency (RITA). This year, Fintech Forum discussions will focus on analyzing the development of the fintech sector in Latvia and exploring trends in the fintech sector in Europe and the world.
“The Financial Markets Supervisory Authority of Latvia has established an innovative regulatory testing environment for fintech companies to verify their products and services before obtaining a license. This provides benefits to companies already operating in Latvia and facilitates the attraction of foreign investments to this sector. The development of financial technology is therefore one of the “This is an area where we see considerable growth potential for start-ups. This is a rapidly evolving business area in which we can be globally competitive It is no coincidence that around 25% of all Latvian start-ups operate in the fintech sector.
underlines Raivis BremšmitsDirector General of the LIAA.
At the first round table of the forum, Mārtiņš Kazāks, Governor of Latvijas Banka, Fredis Bikovs, Director of RITA, and representatives of the financial sector Pēteris Daliņš, Vice President of GoCardless SIA, and Valdis Siksnis, Chairman of the Board of Directors of Indexo Banka AS, will assess the achievements of the fintech sector in Latvia and present our opportunities and next steps. The topic is particularly relevant because it is time to develop the new Fintech strategy for Latvia.
Fredis Bikovsdirector of RITA, declares:
“The fintech sector has always been and continues to be important for Riga. Our city has all the necessary conditions for fintech companies to grow and realize their potential. These range from a favorable regulatory environment to municipal start-up support programs from ecosystem development to human capital and talent – important elements for the growth of the sector He highlights that support from regulators and facilitation of innovation are key factors. that help businesses grow and become internationally competitive.
Participants in the forum’s second roundtable will focus on current trends in fintech, while assessing which innovations are likely to have the greatest impact on the development of the sector over the next decade. Advances in AI are driving the most impactful changes in the financial sector and the economy as a whole. With this in mind, the third roundtable of the forum will focus on the implementation of AI in the financial sector.
A significant part of this year’s Fintech Forum will be devoted to the fintech start-up competition organized by the Tenity accelerator. The public will have the opportunity to attend the pitches of the competition finalists, as well as the awards ceremony.
At the end of the forum, participants will have the opportunity to network and establish connections with representatives of the fintech ecosystem from Latvia and other European countries.
The Fintech Forum will take place at Mazā Ģilde, Amatu iela 5, Riga. Anyone interested in participating in the forum must register at fintechforum.lv. The forum program is available on the same website. Participation is free.
This year, the Latvia Fintech Forum will be held for the third time, bringing together around 250 representatives of the fintech ecosystem. These include industry entrepreneurs, potential participants in the Latvian fintech market, investors, consultancy and legal service providers, policy makers in the fields of financial sector and start-up development, among others.