Background & Biography
Marine Krasovska’s career spans commercial banking and financial supervision in Latvia. Latvijas Banka’s official biography records managerial experience at SEB bank, DNB bank and Luminor Bank. In 2020 she became director of the Financial Innovation Department at the Financial and Capital Market Commission, commonly known as FCMC. When that institution was integrated into Latvijas Banka on 1 January 2023, she assumed leadership of the Financial Technology Supervision Department.
Her current position is supported by the bank’s organizational pages and its departmental contact directory, updated in September 2026. The official biography lists a master’s degree in finance from the University of Latvia and a professional diploma in management from the Open University Business School. It also records executive programs in strategic innovation at Oxford’s Saïd Business School and innovation and artificial intelligence at INSEAD. These qualifications are best understood alongside the practical progression from banking management to technology-focused supervision.
The department’s remit gives context to her public profile. Latvijas Banka describes responsibilities covering payment and electronic-money institutions, crowdfunding providers, currency-exchange businesses, information-technology and cybersecurity risks, and the development of supervisory technology. It also identifies facilitating innovative financial technologies and services as a departmental task. That combination places Krasovska at a junction where firms’ ambitions to launch or expand meet requirements intended to protect users and maintain reliable financial services.
Notable Contributions
Krasovska has helped explain Latvia’s fintech-development agenda through bylined articles published by the central bank. In January 2025 she described the bank’s decision, taken at the end of 2024, to coordinate the development of a comprehensive fintech strategy with public institutions, industry representatives and private-sector experts. The priorities included international outreach, infrastructure and regulation, access to capital and talent. This is evidence of her contribution to communicating and coordinating an institutional agenda; the strategy’s aims should be assessed against subsequent implementation rather than treated as achieved results.
The transition into MiCA supervision provides a more concrete example of her role as a public interlocutor. In January 2025, Latvian public broadcaster LSM reported her explanation of the preparatory work with prospective crypto-asset service providers. She described around 30 consultations with local and international businesses at a point when no Latvian MiCA licence had yet been issued. That historical account shows the importance of pre-licensing discussion: applicants needed to understand governance, controls and customer protection before authorization could become an operational reality.
The market subsequently moved beyond preparations. In June 2026 Latvijas Banka announced that AS TWINO Investments could provide specified crypto-asset services under MiCA on the basis of its existing investment-firm licence. The listed activities included custody, exchange and order execution. This is an example of the regulatory environment in which Krasovska works, rather than evidence that she personally granted the authorization. The bank’s governance structure assigns supervisory decisions to its Supervision Committee, while departmental leadership and public explanations form part of the wider institutional process.
Operational resilience is another substantial strand of her work. In a July 2025 article, Krasovska argued that technology risk had become a strategic business issue for financial institutions. Her explanation of the Digital Operational Resilience Act, or DORA, emphasized management responsibility, documented ICT-risk frameworks, incident reporting and dependencies on outside service providers. For fintech and digital-asset businesses, the significance is practical: operating through cloud services, software vendors or automated systems does not remove the institution’s responsibility for continuity and control.
Her public engagement also reaches the skills needed to sustain a fintech market. A University of Latvia announcement in 2026 quoted her on financial education keeping pace with technological change as its business-and-finance school adopted a fintech-focused identity. The contribution sits naturally beside her regulatory work because a licensing framework depends on people who can implement it. It supports a role in the public discussion of professional capability, without implying that she manages the university or designed its academic programs.
Why Katharos.ai Follows Marine Krasovska
Katharos.ai follows Krasovska because market access depends on the quality of the relationship between financial innovators and supervisors. Her work makes visible the questions that can disappear behind a simple announcement that a jurisdiction welcomes fintech: how a business is governed, how its technology is controlled, what services it is actually authorized to offer and how it protects customers. Her combination of supervisory responsibilities and public explanations provides a useful perspective on Latvia’s development as a European digital-finance market.
There is also an important tension to observe in her portfolio. Supporting innovation and attracting capable financial businesses must coexist with scrutiny of the same businesses’ risks. Katharos.ai’s editorial interest is in how that balance appears in published guidance, institutional decisions and practical outcomes. A positive description of a national fintech ecosystem is one input to that assessment; durable operational standards and transparent supervision are equally relevant measures.
Areas to Follow
- MiCA implementation in Latvia: how pre-licensing discussions, published guidance and authorization decisions develop as more firms enter the regulated market. - Digital resilience: the translation of DORA requirements into governance, incident handling, testing and oversight of technology suppliers. - Fintech strategy execution: evidence of improved infrastructure, access to talent and capital, and cooperation between established institutions and newer service providers. - Payments and electronic money: whether innovative operating models can combine reliable service with effective customer safeguards. - Professional education: how the public discussion of fintech skills translates into capabilities that regulated businesses need.
Reporting Scope
This profile covers Krasovska’s public professional responsibilities, documented career and published contributions as checked on 6 October 2026. Latvia is identified as her professional market from her institutional role, without making claims about citizenship or private residence. Her bylined policy explanations are distinguished from decisions taken by Latvijas Banka’s governing bodies and from legislation adopted at European level. References to strategy objectives describe published intentions unless an implementation outcome is separately documented.
Areas of Influence
Policy & Regulation is her principal area of influence through fintech supervision, regulatory interpretation and public discussion of market entry. Stablecoins & Payments reflects her department’s payment and electronic-money responsibilities and the wider connection between regulated financial services and crypto-assets. Community, Media & Education captures her contribution to explaining rules, discussing professional skills and bringing regulatory questions into industry conversation. Together these categories describe a supervisory and educational contribution to digital finance, grounded in the quality of institutions and operating practices.
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