Archive
The Bank of Lithuania Starts Adding Fintech Companies’ Innovations on the Blockchain
LBChain is the world’s first blockchain-based sandbox developed by a financial market regulator, the Bank of Lithuania. The platform was developed through a pre-commercial procurement and is now opening up to international start-ups as well as financial and FinTech companies
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Peer-to-Peer Insurance Platform to be Tested in the Lithuanian Regulatory Sandbox
UAB Workpower has become the first company allowed by the Board of the Bank of Lithuania to enter the Bank of Lithuania’s regulatory sandbox and test a peer-to-peer insurance platform. “We believe that peer-to-peer insurance services could become a cutting-edge
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Open Banking Represents the Largest Fintech Opportunity in the Baltics and Nordics
The Nordic and Baltic region is poised to become a fintech powerhouse, but challenges related to access to capital, achieving scale and reach, and regulation must be addressed, found a new survey. Launched during Money20/20 in Amsterdam earlier this week,
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Bank of Lithuania Issued Three Electronic Money Institution Licences
Bank of Lithuania issued three new electronic money institution licences. The first electronic money institution licence was granted to UAB Verse Payments Lithuania, a subsidiary of the US company Verse Technologies, Inc. The company plans to carry out activities in
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