Finantsregistri

Finantsregistri, also known as the Financial Registry, is a publicly available database in Estonia that provides information on the financial transactions of individuals and companies. The registry was established in 2014 as part of Estonia's efforts to promote transparency and accountability in financial dealings.

The registry contains data on financial transactions, including payments, accounts, and debtors. It is maintained by the Estonian Information System Authority and is accessible to the public. The data is collected from financial institutions, notaries, and other sources, and is updated in real-time.

The Financial Registry is used for a variety of purposes, including cross-border transactions, risk management, and combating money laundering. It also serves as a tool for banks and other financial institutions to verify the creditworthiness of their clients.

In addition to its practical uses, the Financial Registry has also been the subject of some controversy. Some have raised concerns about the potential for data breaches and the impact on personal privacy. However, the Estonian government has taken steps to ensure the security and confidentiality of the data.

The Financial Registry is also an example of Estonia's commitment to digital governance and the use of technology to improve transparency and efficiency in government bureaucracies. The registry has been praised for its innovative approach to financial tracking and has been studied by other countries as a model for their own financial registries.