First Fintech Board Members Academy to be Launched in Latvia

Latvia is set to host the inaugural “Fintech Board Members Academy: Empowering Excellence” at the end of this month. This meticulously crafted, two-day, in-person event is tailored for industry leaders, offering a comprehensive program that explores critical topics shaping the future of the fintech industry in Latvia. Scheduled for January 25-26, the Academy will bring together over 10 local and international experts.

The Academy is organised by the Fintech Latvia Association in cooperation with the Baltic Institute of Corporate Governance, which promotes the implementation of good corporate governance principles in the Baltic States, including the organisation of 15 years of educational programs for high-level managers, business owners, supervisory board members, and board members.These two-day intensive sessions with expert speakers will cover topics such as Latvia’s Fintech development strategy, regulatory news and developments, establishing a compliance and internal control system, creating an effective governance structure, risk management, etc.

Tīna Lūse, Managing Director of Fintech Latvia Association: “It is a rewarding start to the year to work actively and systematically to create attractive development conditions for fintech companies in Latvia and to bring new and competitive players to the market, thus contributing to economic growth. The aim of the Academy is to provide the managers and founders of fintech companies with a comprehensive overview of the Latvian regulator’s expectations on the various issues related to the company’s activities, as well as to provide access to the perspectives of the best experts on these issues, and to share the experience of other market players. We therefore appreciate the active participation of experts from the Bank of Latvia, the Ministry of Finance, Finance Latvia Association and the Baltic Institute of Corporate Governance in the preparation of the Academy’s training programme and in the engagement of experts.”

Just as importantly, the Academy is a platform to build professional relationships and contacts with more than 10 local and international experts and representatives of other companies. As the Vice President and Head of the Baltic Institute of Corporate Governance in Latvia Andris Grafs says: “The fintech sector is developing rapidly, and to ensure the effective governance of fintech companies, facilitate their development in line with regulations and industry trends, and provide practical steps to overcome challenges, we have enlisted speakers who are knowledgeable in their field. They can offer practical, experience-based advice and solutions. The combination of thoughtful, high-quality content and the opportunity to network with other companies and experts are prerequisites for this training to be valuable for fintech CEOs and founders.”

As Marine Krasovska, head of Financial Technology Supervision Department at Latvijas Banka, points out: “Last year, several important steps were taken to make Latvia an attractive location for fintech companies. The industry and regulation are evolving dynamically, so we are constantly advising and educating existing and future market players. This training programme for fintech managers is a valuable initiative where both existing and potential fintech market

participants will be able to learn about new developments in fintech regulation, IT risk and cyber risk management, building internal control systems for financial companies and other supervisory issues.”

The Academy will feature speakers from the Ministry of Finance of Latvia, the Bank of Latvia, Fintech Latvia Association, Baltic Institute of Corporate Governance, Finance Latvia Association, drill, WALLESS, Pedersen & Partners, Sorainen, Gravity HUB, Tenity, DelfinGroup, Nasdaq Riga, KPMG, IIZI Broker, TeraSky and Mintos.

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