Blockchain Technology and Cryptocurrencies Will Change All Industries in the Future

Last Thursday a closed club discussion was held, which was devoted to innovative financial technologies in traditional business areas. This time, the club participants were airBaltic Senior Vice-president in E-commerce, Marketing and Sales Jouni Oksanen, Maxima Head of Corporate Relations Ivars Svilāns, Printify representative James Berdigans, Rietumu Bank Senior Vice-president and Member of the Board Eugene Dugaev, as well as experts of the financial industry and startup environment representatives.

Next Rietumu FinTech Club

Rietumu Bank continue cooperation with Latvian Startup Association Startin.LV to organize special clubs for FinTech experts!  Disrupting financial services is boring. Disrupting the rest of traditional business is not! Telecoms, airlines, retail chains beware!  Rietumu FinTech Club is a meeting place for professionals, investors, and founders to discuss the opportunities and challenges in the field of financial technology in the Baltics.

New Fintech Unicorns

CBS Insights has published a review on investments in fintech companies around the world in Q2 2017. In total, venture capital has financed 251 transactions to the total amount of USD 5.2 billion. Experts assure - if such growth continues, at the end of the year there will be 19% more investment transactions, in comparison with 2016. In Europe, there have been 56 investment transactions in fintech companies and the total amount of transactions has exceeded USD 500 million.

What Startups do the Biggest European Banks Invest In?

Investors and European financial giants increasingly look more towards those startups that operate in the industry of financial technologies or fintech. ‘CB Insights’ risk capital information platform has summarized data about investments of the biggest European banks during the period of 2012 – 2017.