Economy

Startup hub ROCKIT: 2021 will be great for green startups in Lithuania

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 […]

Economy

Sonect – 1st Swiss FinTech company to get e-money licence in Lithuania

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 […]

Child with computer
Economy

Central Bank: National security threats regarding fintech under control

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. […]

FinTech
Economy

Lithuania made a triple jump into becoming the European FinTech centre

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? […]

Revolut
Economy

FinTech development in Lithuania gathering pace

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. […]

PanPay
Economy

Chinese FinTech startup PanPay has arrived to Lithuania

The Startup Visa programme initiated in Lithuania nearly a year ago to attract foreign talents to Lithuania has gained momentum. The geography of young entrepreneurs aspiring to set up innovative startups in Lithuania stretches from China to the United States of America, and their business ideas are as good as prominent global business models. Lithuania is a state offering exceptionally favorable conditions for financial technology startups, Enterprise Lithuania writes in a press release. […]

Nobel Prize in Economics, Professor Robert Shiller  Photo © Ludo Segers @ The Lithuania Tribune
Economy

Nobel Prize winner Shiller views dominate the Vilnius Fintech Conference

Nobel Prize winner and Yale Professor Robert Shiller overshadowed the entire Fintech Conference on Thursday in the Radisson Blue in Vilnius. More than 500 policy makers, academics and business representatives from Lithuania, the United States, Sweden and several other countries attended the conference addressing various future impacts on financial transactions in the Radisson Blue. […]