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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DEFintech
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:...
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...
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