WHAT SHOULD LATVIA’S NEXT NATIONAL FINTECH STRATEGY LOOK LIKE?
In autumn 2024 the Ministry of Finance in cooperation with other ministries, sectoral regulators and the industry started work on the new national FinTech strategy to replace the previous one.
To support this process with independent, evidence-based analysis, the RBS Baltic Finance Center has developed a research report “What Should Latvia’s Next FinTech Strategy Look Like?” that evaluates the implementation of the previous strategy, analyzes best practices from other countries, and provides recommendations for Latvia’s FinTech development.
The authors are BFC experts and economists Madara Ambrēna, Alexander Apostolides, and Kristīne Dambe.
THE RESEARCH PRESENTATION AND DISCUSSION
Date: December 9, 2024
Venue: EU House
The event started with the opening remark by Kristīne Dambe, the Founding Director of the Baltic Finance Center followed by introductory guest presentation FinTech Policy Development Drivers in the Baltic States by Vytautas Kuokštis, Associate Professor and Lead Researcher at the Institute of International Relations and Political Science, Vilnius University to outline the background of FinTech policy in the Baltics.
The research conclusions were presented by BFC experts Madara Ambrēna and Alexander Apostolides.
The presentations were followed by the panel discussion: What Should the Next Latvian FinTech Strategy and Its Priorities Be? moderated by Aldis Greitāns, RTU Lecturer.
Panelists:
Aija Zitcere, Director of the Financial Market Policy Department, Ministry of Finance;
Raivis Bremšmits, Deputy State Secretary on Economic Issues, Ministry of Economics;
Marine Krasovska, Head of Financial Technology Supervision, Bank of Latvia;
Tīna Lūse, Executive Director of Fintech Latvia Association;
Uldis Cērps, Executive Director of the Financial Sector Association;
Reinis Znotiņš, Executive Director of the Latvian Blockchain Association.
The study is developed within the framework of EC Recovery and Resilience Mechanism Project No. 5.2.1.1.i.0/1/23/I/CFLA/001 “Strengthening Knowledge and Research Capacity in the Areas of Anti-Money Laundering, Financial Technologies, and Sector Analysis”.
