ACAMS Baltics Chapter October 2025 Event: Due Diligence of Fintechs: Getting along Between Fintechs and Fiat Banks

Overview

The growth of fintechs across the Baltics has created new opportunities for innovation in financial services, but it has also introduced challenges in regulatory compliance and risk management. While many fintech companies have already obtained their licenses from the Bank of Latvia, the journey does not end there. When fintechs seek to establish relationships with traditional fiat banks, they often face additional layers of scrutiny through enhanced due diligence (EDD). For banks, this process can feel like duplicating work already conducted by the regulator; for fintechs, it can appear as a moving target with unclear expectations.

This session aims to bridge the gap. Experts from regulatory bodies will discuss what regulators expect banks to verify during onboarding, and how fintechs can better prepare to meet these requirements. The discussion will shed light on key issues such as documentation standards, transparency of business models, ownership structures, and risk-based approaches to compliance.

By attending, participants will gain clarity on how to streamline due diligence while maintaining robust risk controls. Banks will learn how to balance regulatory obligations with operational efficiency, and fintechs will gain practical insights into how to present themselves more effectively to banking partners.

In the bigger picture, aligning expectations between fintechs, regulators, and fiat banks strengthens the entire financial ecosystem. It not only reduces friction and costs but also builds trust, ensuring that innovation can flourish without compromising financial integrity and regulatory confidence.

Agenda

Registration Opens: 13:30
Presentation Starts: 14:00
Presentation Ends: 15:00
Close of event: 17:00

Please bring ID for registration.

Venue

Magnetiq Bank Office
Brīvības iela 54
Riga LV-1011

IMPORTANT:

If you are unable to join, we kindly request that you cancel your registration via email to balticschapter@acams.org by EOB Tuesday, 7th October 2025 for ticket/s to be released and re-allocated.