Specialised Banking Licence (Specialised Credit Institution Licence)
Latvia Introduces New Specialised Banking Licence to Supercharge Fintech Competition | The Fintech Times
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Specialised Banking Licence (Specialised Credit Institution Licence)

A new category of banking licence in Latvia for digital, innovative financial providers or those serving specific client segments. Applicants benefit from a reduced initial capital requirement of at least €1 million (compared to €5 million for traditional banks) and can offer deposit-taking, lending, payment, investment, and crypto-asset services across the EU.

Qui peut postuler

Digital, innovative financial providers or those serving highly specific client segments; fintech companies, payment institutions, non-bank lenders.

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