The Baltic region, with a population of over 6 million, has grown into a thriving FinTech hot spot in Europe and a regional frontrunner in digital payments adoption. And when it comes to real-time payments, countries in the region were among the first to join...
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in...
This week in FinTech Ukraine, Dutch entrepreneurs form the People for People Foundation, which is offering Ukrainian refugees shelter and no-cost digital bank accounts. Also, the Ukrainian government has introduced a cryptocurrency donation website. People for People Foundation A trio of Dutch tech entrepreneurs have...
The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]
September 26, 2024
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the bank no longer operates as a depository institution. ABLV was a commercial bank located in Riga, Latvia, and FinCEN found it to be of money laundering concern in 2018, the […]
March 14, 2022
This week in FinTech Ukraine, Dutch entrepreneurs form the People for People Foundation, which is offering Ukrainian refugees shelter and no-cost digital bank accounts. Also, the Ukrainian government has introduced...
June 13, 2019
Latvia’s parliament has passed new regulation to bolster the fight against money laundering and terrorism financing. After a series of recent scandals, the country’s government was accused of being too...
December 28, 2018
The vice president of the European Commission in charge of the euro, Valdis Dombrovskis, said Brussels wants more stringent enforcement of anti-money laundering (AML) rules after a series of scandals...
