New Nordics AI (NNAI)’s interim leadership explores what it takes to accelerate AI adoption and support EU AI Act compliance across the region.
The Baltics
Fintech
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Electronic money and payment sector thrives in Lithuania as major players consolidate
While licensing and transaction revenues grew during 2025, most of them are still tied to the 10 largest institutions on the market.
Launched in October 2025, and financed by the Nordic Council of Ministers, New Nordics AI is an initiative that supports the region in creating competitive and responsible AI solutions.
Financial market participants will soon face a new framework for disclosures that promises to remedy market concerns about complexity, product classification, and data availability.
Bonnesen provided misleading information about money laundering connections in the bank's Estonian offices to Swedish news media.
The International Monetary Fund has analysed vulnerabilities and threats stemming from money laundering and terrorist funding in eight Nordic and Baltic countries.
The bank's Latvian subsidiary was found making 386 transactions that violated OFAC's sanctions.