Innovation and FinTech

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FinTech is technology-based financial innovation that enables the development of a new business model or a way of applying it, a new process or service that changes the former approach. It should focus on promoting competition, providing a better quality, more efficient, faster and modern service to the Latvian customer.

One of the strategic directions of the FCMC is FinTech support, as well as promoting innovation in the financial system. In cooperation with other public institutions the intention of the FCMC is to create a friendly environment for FinTech, which would promote innovative financial services in Latvia and attract new companies to provide these services.


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