Fintech

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:...

How to settle a dispute with a financial service provider?

The Bank of Lithuania reminds that consumers must submit requests for dispute resolution through the...

Lithuania announces record growth of CENTROlink payments system

In 2020, the number and value of payments made through CENTROlink – the Bank of...

How to prepare Risk map for payment and e-money institutions?

The Bank of Lithuania has set requirements for electronic money institutions and payment institutions regarding...

European Digital Finance Package opens doors for digitalization of financial system

Recently the European Commission has adopted a Digital Finance Package, including Digital Finance and Retail...

B4B Payments secured E-money Institution status for an activity in Europe after Brexit

B4B Payments, a British global payments innovator headquartered in London, offering smart and flexible corporate...

EBA publishes opinion on how prudential supervisors should assess financial institution‘s ML/TF risks

European Banking Authority (EBA) has issued an opinion that prudential supervisors across the EU when...

Lithuania became the new destination for UK payment and insurance intermediary agents looking for an access to European market after the Brexit

BREXIT dramatically changes UK financial services landscape allowing Lithuania to become the new destination for...