News

0104.26

Heimondo Estonia OÜ was granted a licence as a credit servicer or debt collection agency

Finantsinspektsioon issued a licence to operate as a debt collection agency to Heimondo Estonia OÜ on 8 September. The debt collection licence will give Heimondo Estonia OÜ the right to call in debts arising from the credit contracts of banks and creditors.

2603.26

Finantsinspektsioon is clarifying the competence requirements for staff of crypto companies

Finantsinspektsioon  issued the European Securities and Markets Authority guidelines “Guidelines for the criteria on the assessment of knowledge and competence und

2303.26

The transition period for crypto companies ends in summer

Finantsinspektsioon has reminded providers of crypto asset services operating in Estonia that they will have to bring their activities into line with the terms of the European Union’s Markets in Crypto-Assets (MiCA) Regulation by 1 July at the latest and get a licence from Finantsinspektsioon or cease their operations.

2003.26

Finantsinspektsioon and the Supreme Court met to discuss problems with consumer credit

Finantsinspektsioon and the Supreme Court held a meeting this week to discuss legal issues, focusing particularly on the challenges of consumer loans and possible solutions to them.

1803.26

A more user-friendly way of submitting applications to Finantsinspektsioon

Finantsinspektsioon launched a new website for submitting applications digitally on 18 March that will make the process of applying for operating licences in the financial sector and giving notification of significant participation simpler, faster and more transparent.

0912.25

Research finds that most financial institutions in Estonia are using artificial intelligence

A survey by Finantsinspektsioon has found that most of the financial institutions in Estonia are already using AI and that its importance in providing support for work processes, client service and risk management is increasing rapidly.