Core Insights - The Estonian Financial Supervision and Resolution Authority (FSA) issued a precept to AS Inbank Finance due to deficiencies found in consumer creditworthiness assessments and internal rules for issuing consumer credit [1] - AS Inbank Finance is committed to complying with regulatory requirements and is implementing an action plan to enhance internal processes and regulations following the FSA's observations [2] - Inbank operates as a financial technology company with an EU banking license, partnering with over 5,700 merchants and managing more than 931,000 active contracts across 7 European markets [2] Company Overview - Inbank is a financial technology company that connects merchants, consumers, and financial institutions through its embedded finance platform [2] - The company's bonds are listed on the Nasdaq Tallinn Stock Exchange, indicating its presence in the capital markets [2] Regulatory Context - The FSA's inspection highlights the importance of regulatory compliance in the financial services industry, particularly concerning consumer credit practices [1][2]
The Estonian Financial Supervision and Resolution Authority issued a precept to AS Inbank Finance
Globenewswire·2025-10-14 13:30