Fintech

Last call for UK based Finance Institutions and FinTech’s losing their EU license passports after the BREXIT

As from the 1 February 2020 The United Kingdom (UK) is no longer a member...

Regarding the format of documents to be provided during the process of PI and EMI licensing

The Bank of Lithuania submitted a project which shall amend the Resolution of the Bank...

Changes in regulation regarding safeguarding of clients’ funds

The Bank of Lithuania, as supervisory authority of the financial market participants, has been recently...

Planned changes by the Bank of Lithuania regarding outsourcing

The Bank of Lithuania prepared and submitted for alignment the draft rules for the outsourcing...

The world’s first blockchain-based digital regulatory sandbox has reached the finish line

The Bank of Lithuania has completed the research phase of its LBChain project, during which...

The Bank of Lithuania has prepared the guidelines on opening bank accounts for electronic money and payment institutions

Since electronic money and payment institutions (hereinafter – Institutions) are facing problems on opening bank...

COVID-19. Recommendations for FinTech market participants

31/02/2020 The coronavirus pandemic poses real threats to the Lithuanian and global economies. The European...

CASE STUDY: Swedbank fined for failing to combat money laundering

31/03/2020 Swedish and Estonian financial supervision authorities hit Swedbank with a record fine of 4...

ECOVIS ProventusLaw training for Fintech companies

13/03/2020 ECOVIS ProventusLaw training “International Economic and Financial Sanctions and their Risk Management in Fintech...

Lithuanian Fintech Landscape: Trends and Developments

09/03/2020 Fintech in Lithuania is a rapidly developing field on the intersection of traditional finance...

Lithuanian FinTech’s get access to TARGET2 allowing international Euro payments

14/02/2020 From February 2020 the Bank of Lithuania (Central Bank) has extended the capabilities of...

Adopted amendments to the Law on the Prevention of Money Laundering and Terrorist Financing

02/01/2020 On December 3, 2019, the Parliament of the Republic of Lithuania adopted amendments to...