Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
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The Bank of Lithuania outlined key deficiencies of sanctions-related control measures for financial market participants
On the 21st of July, the Bank of Lithuania published a report on the implementation...
Despite the COVID-19 pandemic, the number of payment and e-money institutions in Lithuania continues to grow
While normal life was suspended under lockdown due to COVID-19 pandemic, this does not limited...
How to ensure a credible internal control and management system in a financial institution?
The Bank of Lithuania has analyzed how electronic money (EMI) and payment institutions (PI) are...
Cryptocurrency: Regulations in the USA on the way
Cryptocurrencies are trending. In the USA, the market is hardly regulated, but that about to...
NFT as the grey area of prevention of money laundering
Non-fungible tokens that are better known as NFTs have been shaking up the media as...
Major changes taking place in crowdfunding regulation
With the entry into force of the common European Union regulation, ECOVIS ProventusLaw would like...
Revolut gets its fourth license in Lithuania: Revolut Securities receives brokerage license (UPDATED 17/12/2021))
December 1, 2021 the Bank of Lithuania granted UAB “Revolut Securities” category B securities broker...
Peer-to-peer insurance platform is a big challenge to traditional insurance companies
Peer-to-peer (P2P) insurance platform has been tested for a year in the regulatory sandbox of...
Fintech companies identifies cybercrime as a major challenge
The Bank of Lithuania has published the Review on the attitude of the Lithuanian financial...
Investment in fintech boom: Acquiring Fintech Startups goes mainstream
Business growth through acquisition, mergers are particularly felt in the fintech sector recently. Potential buyers...
Internal control will be a key to success for FinTechs in 2021
The Bank of Lithuania announced the report of the payment market for 2020. They also...
Lithuania approved an action plan for FinTech, promising simpler regulation
The Lithuanian government has approved an updated 2021 Fintech action plan, which includes 4 tasks:...
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