Baltics

Mare Balticum – The Baltic Sea Gaming Summit first batch of speakers announced

Published

7 years ago

February 6, 2018

Reading Time: 5 minutes

Riga – 6 February 2018 – The inaugural edition of the yearly event which focuses on the Baltics and the Scandinavian region has already made the headlines on many industry related news portals and we can confirm that key industry stakeholders are going to attend the event.

The event will be held on the 8^th of May at Astor Riga and the we would like to extend the invitation for the delegates to join the event and stay on the 9^th of May as well, to celebrate Europe Day in Riga.

“Europe Day, held on 9 May every year, celebrates peace and unity in Europe. The date marks the anniversary of the historical ‘Schuman declaration’. At a speech in Paris in 1950, Robert Schuman, the then French foreign minister, set out his idea for a new form of political cooperation in Europe, which would make war between Europe’s nations unthinkable.

His vision was to create a European institution that would pool and manage coal and steel production. A treaty creating such a body was signed just under a year later. Schuman’s proposal is considered to be the beginning of what is now the European Union.”

The Preliminary Agenda includes the following panel discussions: The state of the industry in Latvia, The state of the industry in Lithuania, The state of the industry in Estonia, The state of the industry in Denmark and Sweden, Innovation Talks and a Round table discussions with the Baltic regulators

We are honored to announce the first set of speakers who are going to put forward the latest industry news and join the panels oriented to discussions about Latvia, Estonia, Lithuania, Sweden and Denmark.

Below are the first announced speakers of the event:

Morten Ronde(CEO of the Danish Online Gambling Association)

Morten has 18 years of experience from working in the gambling industry.

His background is in gambling regulation. He started his career in the Danish State Lottery and worked later 12 years as legal counsel for the Danish Gambling Authority. During his time as a regulator he drafted the Danish online gambling reform that allowed for open licensing of betting and online casino operators in Denmark. The Danish gambling model is still considered one of the best gambling regimes in the world and has inspired many countries to adopt similar regulation.

Morten received the ”European Regulator of the Year Award” in 2010 from the International Masters of Gaming Law.

Since 2012 Morten has been working in the private sector of the gambling industry and has been advising clients in all sectors of the industry on regulatory affairs issues.

Morten acts as CEO of the Danish Online Gambling Association (DOGA), a trade association for online gambling operators in Denmark and as Director of Education and Association Development of the International Masters of Gaming (IMGL), the pre-eminent global gambling law network.

Panel: The state of the industry in Denmark and Sweden

Renata Beržanskienė (Partner at Sorainen Lithuania)

Sorainen partner Renata Beržanskienė heads the Information Technology & Data Protection, Intellectual Property, Distribution & Trade, Telecommunications and Transport & Maritime Practice Areas in Lithuania.

Renata has an extensive experience advising international clients operating in gaming and gambling sectors on matters related to regulation, establishment and licensing (including anti-money laundering prevention, virtual currency research, etc.), intellectual property issues, as well as representing clients before the relevant authorities (such as the Gaming Control Authority).

Renata has been practicing law since 1992 and has been with Sorainen since 1999.

Panel: The state of the industry in Lithuania

Andrius Gabnys (Managing partner. Attorney-at-Law at Gabnys Law Firm)

Andrius Gabnys is an attorney-at-law and a managing partner at Gabnys Law Firm, a legal boutique based in Vilnius, Lithuania and Tallinn, Estonia. The Firm specializes in entertainment (gambling, media, arts) and technology (IT, cybersecurity) legal aspects. Andrius Gabnys has been working in the online gambling sector for over 10 years, and focuses on the multijurisdictional licensing, IP and related matters. He has an extensive experience dealing with the gambling authorities in Europe, CIS countries, Africa and South America.

Panel: The state of the industry in Lithuania

Valts Nerets(Senior Associate at Sorainen Latvia)

Valts Nerets, a senior associate has been practising law since 2008.

He is head of the Pharmaceuticals & Life Sciences Sector Group in Latvia. Valts specialises in dispute resolution, distribution and trade, transport and maritime, information technology and data protection, pharmaceuticals and life sciences, and telecommunications. In particular, he has extensive experience in litigation and arbitration, administrative law and procedure, contract law and international investment law. Valts has further developed his knowledge by participating in summer schools and additional courses in such fields as maritime law and mediation. Before joining Sorainen, Valts specialised in telecommunications and dispute resolution, through his work as a senior in-house lawyer for the leading satellite and telecommunications equipment wholesaler in the Baltics.

Additionally, Valts has vast experience in lecturing, and today he maintains successful cooperation with several universities. He is a lecturer at the Riga Graduate School of Law for courses in Private international law and international civil procedure, International sales law and Comparative constitutional and administrative law, as well as a lecturer and programme director at the College of Business Administration. International investment law is the main field of interest where Valts continues his research.

Valts has authored several learning manuals on administrative law and procedure.

The Legal 500 recommends him in the shipping and transport practice.

Panel: The state of the industry in Latvia

Max Krupyshev(COO at Cubits)

Max has a Bachelor’s degree in Physics and Master’s in Business Administration. He heard about Bitcoin for the first time in late 2013 right after completing his Master’s degree in Management. Max was immediately inspired by the innovative and disruptive technology behind Bitcoin and quickly made a name for himself in his local Bitcoin community in Kiev.

Eventually, Max’s passion for Bitcoin drove him to co-found a Kiev-based software development studio and to found the Bitcoin Foundation Ukraine and Satoshi Square Kiev. Max has also worked for one of the biggest Bitcoin Cloud mining platforms prior to becoming Product manager and later Chief Operating Officer at Cubits.

Today Cubits.com is a leading Bitcoin Payment provider in Europe and a well known platform where customers can Buy and Sell bitcoin using classical financial instruments.

Panel: Innovation Talks

More speaker profiles will be announced soon, but you may want to check the already confirmed line-up of speakers and register in time. The event is limited to 125 seats.

Visit the official website of the event for more details or follow this space: https://marebalticumgaming.com/

Don’t forget to follow the event’s twitter feed, facebook page to stay up to date with the announcements or join the LinkedIn Group to start networking straight away.

Baltics

Lithuania to Ban Gambling Ads

Published

6 days ago

November 14, 2024

Niji Narayan

Reading Time: < 1 minute

The Lithuanian parliament on Tuesday approved restrictions on gambling advertising, set to take effect from next July.

The amendments to the Gaming Law, passed with 73 votes in favour and one abstention, will introduce a ban on gambling advertising starting in July 2025. Exceptions will apply to sports competitions and events, as well as sports sponsorships and broadcasts of sports competitions, which will have a transitional period until January 1, 2028.

Next year’s budget for the Media Support Fund earmarks an additional 4 million euros to compensate media organisations for lost advertising revenue.

Among other things, MPs backed a proposal from the parliamentary Committee on Budget and Finance to have a transitional period until the end of 2027, allowing up to three betting ad spots of under 15 seconds each per hour on television, radio and online between 06:00 and 18:00 and up to two per hour between 18:00 and midnight.

For online media, betting ads without a direct link to the gaming operator’s website will be limited to 20% of advertising space from 06:00 to 18:00 and 10% until midnight.

Baltics

Genome launches SEPA instant payments, adding another valuable feature for iGaming companies

Published

3 weeks ago

October 29, 2024

George Miller

Genome launches SEPA instant payments, adding another valuable feature for iGaming companies

Reading Time: < 1 minute

Genome (UAB Maneuver LT) has introduced SEPA Instant Transfers for all its clients. Companies can now make instant euro payments within seconds to optimize cash flow and improve operational efficiency across the Eurozone.
Additionally, SEPA Instant Transfers can be used for batch Transfers, making mass payments even more effective for companies, particularly the iGaming businesses.

“SEPA Instant Transfers enable quick payments in the Eurozone, improving cash flow and scheduling flexibility for business partners – a very crucial feature for modern-day companies that conduct operations online,” explained Genome’s CEO, Daumantas Barauskas.

SEPA Instant Transfers will be priced the same as regular SEPA Credit Transfers, ensuring users enjoy the convenience of instant transactions without any additional costs.

The feature has gone live shortly before the SiGMA Europe conference that Genome’s team will be attending. Businesses can learn more about SEPA Instant Transfers and other iGaming services Genome provides at booth #3102 or by booking a meeting.

“SEPA Instant Transfers is not the only service Genome offers iGaming companies. For one, they can streamline their financial operations with our API for mass payouts and B2C2B payments. We are currently developing the incoming payment notifications service via API (API for pay-ins). This feature will notify iGaming companies about client pay-ins in real-time. We also provide contactless physical and virtual Visa Business cards for media buying and other corporate expenses, with the added convenience of Google Pay, Apple Pay, and Garmin Pay compatibility. Additionally, a dedicated IBAN account simplifies B2B transactions, and the Genome iOS and Android apps ensure real-time financial management anytime, anywhere,” concluded Daumantas Barauskas.

Baltics

iDenfy Partners with Confindo to Enhance Security and Prevent Loan Fraud

Published

2 months ago

September 10, 2024

Niji Narayan

Reading Time: 2 minutes

iDenfy, an AI-powered identity verification, compliance and fraud prevention solutions provider, has partnered with Confindo, a leading provider of IT solutions specialising in customer relationship management (CRM) tools for group companies and external partners. This collaboration will help Confindo manage third-party risks and ensure proper fraud and breach prevention while building a seamless and secure verification experience.

The rise in digital transactions has made robust security measures more critical than ever. With security challenges like forged documents and synthetic identities, particularly in the financial and lending sectors, companies increasingly seek advanced solutions to protect their customers. Spending on information security and risk management products and services is expected to grow by 14.3% this year, reaching more than $215 billion. However, many companies operating in the financial sector see fraud as a top priority on the list, where even a single breach can have significant legal and reputational consequences.

Confindo, a dominant player in the consumer lending market since 2018, recognised the importance of securing its platforms against potential threats. Brands under the “Confindo” name, like Lenders, Bancovo, Comparar Prestamos mainly serve as intermediaries for consumer lending services. Consequently, the business is best known for representing over 20 banks and creditors in Lithuania and processing more than 10,000 inquiries monthly. As the business experienced a high volume of requests and new registrations, it required a new trusted Know Your Customer (KYC) vendor to help safeguard its operations, especially in this expansion stage across Europe.

According to Confindo, its recent operations in Latvia and upcoming launches in two new markets also showed a need for extra automation measures in its customer onboarding process. Before partnering with iDenfy, the IT and financial service provider aimed to build a conversion-optimised verification workflow that could remove the hassle around the application onboarding process. Among several identity verification providers, Confindo selected iDenfy for its reliable and efficient identification verification solution. The new software, already trusted by other platforms under Confindo’s management, stood out for its smooth integration with existing systems and provided a comprehensive global document base for more efficient scaling into new markets.

iDenfy’s ID verification solution is designed to automatically recognise, verify and extract information from over 3000 identity documents across 200 countries and territories. This comprehensive approach helps Confindo ensure that all possible safety measures are in place to prevent fraudulent loans, a key concern in the rapidly growing consumer lending sector.

It is worth mentioning that iDenfy is ranked as the top 1 identity verification solution in customer satisfaction on G2, boasting an average of 4.9 stars and over 70 reviews in 2024. This recognition underscores iDenfy’s commitment to providing high-quality, reliable services and prioritizes online user identification security.

“We chose iDenfy because their solution is not only trusted and tested but also perfectly aligns with our commitment to ensuring the highest level of security for our customers,” said Eitautas Bartuškevičius, CEO of Confindo.

Domantas Ciulde, CEO of iDenfy, said: “We’re thrilled to collaborate with Confindo in their mission to enhance security within the consumer lending space. By integrating our ID verification solution, we’re helping them create a safer, more reliable platform for their users across multiple countries.”

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