Latvijas Banka in English

The Latvia Fintech Forum on November 5 will be a great opportunity to meet leaders and policymakers in the fintech sector. We’re excited to welcome our eminent opening speakers: 🔹 Viktors Valainis, Minister of Economics at Ekonomikas ministrija/ Ministry of Economics 🔹 Mārtiņš Kazāks, Governor of Latvijas Banka 🔹 Fredis Bikovs, Director of Business Riga 🔹 Laura Štrovalde, Deputy Director at the Latvijas Investīciju un attīstības aģentūra - LIAA 📌 Discover the full agenda: https://fintechforum.lv/ #FintechForumLV

We are excited that on 5 November, Iman van Lelyveld will be giving the keynote address at the Fintech Forum on AI: How Will It Fly? 🚀 Financial markets are embarking on a new era of data-driven decision-making as digital technologies revolutionize the creation and sharing of information. AI-powered advanced analytics is becoming crucial for regulators to remain ahead of the curve, optimize processes, and provide better consumer experiences. 💼 With a wealth of experience leading the Data Science Hub at De Nederlandsche Bank, Iman van Lelyveld is also a Professor of Banking and Financial Markets at VU Amsterdam and a visiting professor at the European University Institute in Florence. His impressive track record includes key roles at Deutsche Bank, the Bank of England, and the BIS, where he pioneered the analysis of global banking networks. 📢 Don't miss the opportunity and join #FintechForumLV to hear his insights on the future of finance! 📌Discover the full program here: https://fintechforum.lv/

🏆 Don’t miss the chance to meet the top 8 finalists of the Fintech Factor on 5 November at the Fintech Forum! These innovative teams will pitch solutions of the most promising early-stage fintech companies in the Baltics. #FintechForumLV

We are excited to bring together leading experts in AI and digital #innovation for an engaging panel discussion during the Latvia Fintech Forum on November 5. This session,🌟Navigating Challenges and Driving Growth: Leveraging AI for Business Success🌟, will explore how businesses can harness the power of AI to create disruptive growth strategies, tackle critical challenges, and implement AI solutions effectively. The panel will provide practical insights and highlight emerging trends shaping the future of business in the AI era.🎯 💡Join us for an insightful discussion moderated by Renat Lokomet, Venture Faculty. Our esteemed panelists will share their valuable expertise:   🔹 Martins Berzins, Citadele banka 🔹 Andrei Doktoroff, Serial Entrepreneur, Investor 🔹Paolo Giudici, University of Pavia 🔹Ilja Velickis, CFA,Flashpoint Venture Capital   This dynamic #Fintech event is hosted by Latvijas Banka, Business Riga, and Latvijas Investīciju un attīstības aģentūra - LIAA. ⚡Gain valuable knowledge, explore the latest sector developments in Latvia, and uncover key global trends. Don’t miss this unique opportunity to network and build new collaborations! 📌Register and explore the #FintechForumLV program here: https://fintechforum.lv/

Latvijas Banka convened a meeting with experts from the insurance sector to present its study on the protection of Latvian households through climate risk insurance.🏡 Industry representatives discussed the lessons learned from the severe storms and floods caused by heavy rains this summer, as well as potential solutions to address sector challenges, such as the use of language in financial documents.📑 Key findings from the study include: ✔ The number of insured homes is on the rise, and in 2023, half of all occupied homes were insured, providing financial protection against various risks for homeowners. ✔ Nearly all insurance policies include coverage for losses caused by natural disasters. ✔ Data indicates that in 2023, one in every five insurance claims for household insurance was related to natural disasters, with total payouts reaching 7.6 million euro. ✔ Across all types of insurance, including for legal entities, losses due to natural disasters amounted to 23.8 million euro. ✔ The July 2023 storms and floods have not yet been fully compensated, but as of mid-October, 18.6 million euro has already been paid out, with an additional 5.8 million euro in reserves. These figures underscore the need for continued improvements in climate risk management and strengthened household protection in Latvia.

📧📣 An exciting new opportunity: we are hiring Trainees! Are you ready to step into the dynamic world of the European Central Bank? We're looking for new Trainees in DG Market Operations #ECBDGM. This is your chance to gain hands-on experience in financial markets and monetary policy implementation. As a Trainee, you will engage in in-depth analysis and strategic thinking behind central bank operations. You will also experience the vibrant, truly European atmosphere of the European Central Bank connecting with colleagues from across the continent through the #Eurosystem. This is a unique opportunity to kickstart your career in financial markets or central banking. Don't miss out! ✅📢 Apply by 4 November 2024 on our website: https://lnkd.in/eaXR3x-h #ECB #Eurosystem #ecbdgm #financialmarkets #bondmarkets #moneymarkets #fxmarkets #collateral #marketanalysis #centralbank

🔊 Santa Purgaile on attending Baltic Capital Markets Conference ➡️ "Making Baltic capital markets more appealing is important for attracting investors, startups, and big companies, which can boost economic growth in the region. To achieve this, governments, regulators, businesses, and investors must work together to turn the Baltic markets into a competitive and innovative space. The infrastructure is already strong, and regulations meet high standards. All that's missing – more participants and investors. Let’s discuss how we can make these markets even more attractive!" See you at the Baltic Capital Markets Conference on November 7, 2024! 🌍 For more information and to register, visit 👉 https://lnkd.in/d5zjkPSt #balticcapmarkconference #bcmc2024 #riga #capitalmarkets #finance #bcmc #networking

The countdown is on!⏳We're thrilled to remind you that the inspiring Fintech Forum 2024 is just around the corner on 5 November. Join us for a thought-provoking panel discussion:🌟The Next Decade in Fintech: Emerging Industry Trends and Innovations🌟 where leading experts in the #fintech industry will share exclusive insights on the latest trends and groundbreaking #innovations shaping the future of finance. 💥Don't miss this opportunity to stay ahead of the curve! Our panel discussion, moderated by Clelia Tosi from Fintech District, will feature expert insights from: Ruta Merkeviciute from the European Banking Authority (EBA) Juan Alonso-Villalobos from Startup Wise Guys Michal Gromek, Virtual Asset & Fintech Expert Evalds Urtans, AI Researcher 📈One key trend to pay special attention to is the rapidly growing #CryptoAsset industry. This sector offers immense potential to drive innovation in financial markets. And an important note: On 30 December, the MiCA regulation will come into effect, introducing a unified legal framework and licensing regime for the crypto-asset industry across the EU. 📌Join us at #FintechForumLV by registering to attend in person here: https://fintechforum.lv/

Latvijas Banka has done all the necessary preparatory work to provide non-bank payment service providers with the possibility to join the Electronic Clearing System (EKS) – the payment system created and maintained by Latvijas Banka ensuring the execution of instant payments and other payments made by customers across the SEPA ☑️ Direct participation in the EKS has so far been limited to credit institutions and the Treasury. As of 17 October, new market players will also gain direct access to the EKS: 📍 licensed payment institutions 📍 licensed electronic money institutions 📍 credit unions Allowing non-bank payment service providers access to the EKS is one of Latvijas Banka's initiatives for the development of the fintech area 🚀 This is an important step towards facilitating the development of payment services in Latvia, giving equal opportunities to all payment service providers in Latvia, and expanding opportunities for the population and companies to use state-of-the-art and innovative payment services. An innovation-supporting infrastructure forms the basis for the development of state-of-the-art and user-friendly financial services 💎 Payment service providers intending to join the EKS are invited to contact Latvijas Banka ☎️ They will be required to conclude an agreement with Latvijas Banka, ensure the technical readiness of their systems, and carry out testing. For detailed information click here 👉 https://lnkd.in/dqt5QTnb

🚀Latvia Fintech Forum 2024 is approaching! Mark your calendars for 5 November and join us at the Small Guild in Riga for a day filled with discussions on industry trends. One of the topics is FinTech in Latvia. Join us for an insightful session🌟Transforming Tomorrow: Latvia's Fintech Strategy in Action🌟at #FintechForumLV, where we’ll explore key developments, challenges, and future outlooks in the Latvian #Fintech sector. Discover how Latvia’s innovative approach is shaping the financial landscape and what’s on the horizon. A new national Fintech strategy is essential for driving coordinated growth and aligning government policies with long-term objectives🎯. 🎙️Stay tuned for an engaging panel discussion moderated by Tina Luse, Managing Director at Fintech Latvia Association , with insights from major players: Mārtiņš Kazāks, Governor of Latvijas Banka, cohost of the Latvia Fintech Forum Fredis Bikovs, Managing Directorat at Business Riga, cohost of the Latvia Fintech Forum Peteris Dalins, Vice President of Operations at GoCardless Valdis Siksnis, CEO of INDEXO 💡 The Latvia Fintech Forum 2024 also promises valuable insights into global industry trends and innovations, including how AI can unlock new growth opportunities. The forum will feature the Fintech Factor 2024 startup challenge, hosted by one of Europe’s largest accelerators, Tenity. ⚡Don't miss out on a chance to connect with industry leaders! Secure your spot at the Fintech Forum by registering to attend in person here: https://fintechforum.lv/