Lithuania

Kontomatik: Thanks to Lithuania’s Service License- Ready to Rock in 10 Countries

On 17th of February 2019 The Bank of Lithuania granted a license to Kontomatik UAB to provide AIS (Account Information Service License Provider) services in 10 countries without the need to open local branches. According to the decision of the

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Bank of Lithuania’s Position on Virtual Assets and ICO

Taking into account current market developments and evolving regulatory regimes as well as seeking to ensure a level playing field for all financial market participants, the Board of the Bank of Lithuania has updated its position on virtual assets and

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Lithuanian Fintech Company Debifo Merges with European Company

Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo. Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition

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Lithuania’s Fintech Results In 2018: Rising Potential

Over the year, the number of Lithuanian-based FinTech companies and their employees grew by more than 40%. In addition, by number of licensed electronic money institutions, Lithuania was in the lead in continental Europe. The results of the FinTech sector

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Google Granted an Electronic Money Institution License in Lithuania

The Board of the Bank of Lithuania has granted Google Payment Lithuania UAB an electronic money institution license authorizing to issue and redeem electronic money as well as provide payment services. “The end of this year reflects our efforts and

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After Revolut, What’s More for Lithuanian Fintech?

If fintech licensing is a race, then Lithuania is definitely ahead of the pack. According to data gathered from regulatory bodies of different European countries, the relatively small Baltic country is second only to Britain when it comes to Electronic

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Revolut Becomes First Non-Bank to Secure EU Banking License from Lithuania

Revolut together with the Bank of Lithuania have announced that the challenger bank received a Specialised Bank License, which will allow offering and passporting an even wider range of solutions to customers in Europe. The move of getting a license

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Chinese Fintech Company Paytend Opens European HQ in Lithuania

Paytend Technology, a Chinese company developing and selling financial services software, has announced choosing Vilnius, Lithuania, for its European headquarters. The company plans to hire up to 50 highly qualified professionals in the fields of sales marketing, compliance, product development

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Kazakhstan and Lithuania Sign Co-Operation Agreement To Promote Fintech

The Astana Financial Services Authority (“AFSA”) has established a cooperation with Bank of Lithuania. The Agreement provides a framework for co-operation, information sharing and referrals in fintech innovations area between the AFSA and Bank of Lithuania. Parties believe that through

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Lithuania Expects A Significant Growth In The Number Of Fintech Companies Next Year

Last week, Lithuania held the largest financial technologies (fintech) conference in the Baltic States – the Fintech Inn conference – with more than 1.300 attendees. With the help of world-class experts (both home-grown and international), the country seeks to increase

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