This month has seen UK prime minister Boris Johnson meet with Lithuania’s Ingrida Šimonytė and stated his eagerness for the countries to work together more closely and “further strengthen trade ties” in sectors including fintech, […]
When choosing a financial partner, people look for greater customer focus, flexibility and speedy and efficient service. These are the results of a survey conducted by the e-money institution Guru Pay to find out why […]
As industry and government come together to determine a new regulatory framework for Lithuanian fintech, Airidas Puodziunas, General Manager, Contis Lithuania, looks at the issues at stake and makes the case for maintaining an open, […]
For several years in a row, Lithuania has been hailed as having excellent infrastructure for crypto and blockchain businesses. Lithuania’s name was repeatedly mentioned in one of the largest technology events with over 150 thousand […]
While containing the impact of the COVID-19 pandemic and revitalising economy remain top priorities for Europe, managing the challenges of climate change is still firmly on the continent’s agenda. A green and sustainable investment incentive […]
What are the global FinTech trends in 2021 since the sector has faced multiple challenges in the last year. Like many other industries worldwide, the finance sector lost its workforce, and many businesses had to […]
Despite placing a more considerable emphasis on sustainability and becoming Europe’s leader in plastic packaging recycling in recent years, Lithuania remains a below-average performer on the EU Eco-Innovation Scoreboard (ranking 22 out of 28). To […]
With tighter lockdown restrictions imposed in Lithuania, small and medium-sized enterprises (SMEs) will face a dual challenge: on the one hand, companies will face cash flow issues, and on the other– potential lack of bank […]
Considering the ever-changing needs of consumers in the financial services domain, the digitisation of services will be the main topic of this year’s Fintech Inn conference. Due to the rapid growth of fintech companies, there […]
One of the global leaders in POS payment solutions is undergoing a vast expansion in Lithuania. Since opening its office in June 2017 in Lithuania, the US Company noticed that the decision proved to be […]
On May 1, a new direct flight Vilnius – London is launching. It will operate from Vilnius (VNO) direct to London City Airport (LCY) meaning that it has never been easier to visit, Vilnius, Lithuania’s […]
Sonect, the location-based matchmaking platform that connects people who have cash with people who need cash, has obtained its Electronic Money Institution licence from the Bank of Lithuania. This enables the company to operate in […]
Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo. Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition to become the Pan-European leader of working capital solutions for SMEs. […]
Lithuania’s image on the international scene is promising: in 2017 alone, 35 fintech companies were established here, and a few weeks ago the 16+1 Heads of Government of China and the countries of Central and Eastern Europe agreed to set up a financial technology coordination centre and organise a high-level fintech conference in 2019. […]
Risks in connection to investments in the rapidly growing sector of financial technologies, also known as fintech, are under control, and the licensing requirements remain high, the central Bank of Lithuania said on Monday. […]
The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 12. According the information, announced by the Bank of Lithuania on 29th January 2017, about 100 companies are on consultations about licencing opportunities in Lithuania and 19 are now under review. So what factors influenced such growth and interest in FinTech licensing in Lithuania? […]
Favourable conditions for the development of financial technologies (FinTech) in Lithuania have already attracted numerous domestic and foreign companies. Upon implementation of planned initiatives for fostering FinTech development, the sector is likely to attract more investment and create more jobs, while consumers may be offered a wider range of financial services. […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes