Tagged: bank of lithuania

Bank of Lithuania Releases New Regtech Feature For E-Licensing

Bank of Lithuania announced on Tuesday the launch of its new regtech feature specifically for e-licensing. The feature reportedly makes submission of information necessary to obtain an operating license quicker, easier and less expensive. “Currently the tool facilitates the process of applying for e-money and payment… Read More

Lithuania Wants to Become First Country to Enable Companies Registered & Managed Using Blockchain or “Virtual Limited Liability Companies”

Lithuania has announced the creation of “Virtual Limited Liability Companies” (VLLCs). These companies would be registered and managed all using blockchain technology. The Baltic country expects to be the first country to offer this type of service and it expects to allow VLLCs as soon… Read More

Lithuania and Singapore to Cooperate on Fintech Innovation

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to collaborate and mutually support the development of the Fintech ecosystems and encourage financial innovation between the two countries. Today, MAS and the Bank signed a Fintech Co-operation Agreement during the Money… Read More

Innovation Friendly: Lithuania Seeks to Become Fintech Center as Bank of Lithuania Looks to Launch Regulatory Sandbox

  Lithuania is the latest country joining the Fintech revolution by recognizing the importance of fostering a regulatory environment that is conducive to change and challenges established norms. The Bank of Lithuania is out with a statement regarding the launch of a sponsored Fintech Sandbox…. Read More

Green Light: Senjō Group Receives Lithuanian Payment Institution License, Acquires Finolita Unio

Singapore-based Senjō Group, a leading privately-held payments platform operator and active Fintech investor, has successfully secured a Payment Institution (PI) license in Lithuania, according to news services. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio, thereby gaining access to… Read More

Lithuania Approves Bespoke Crowdfunding Regulations, Platforms May Raise up to €5 Million

The Republic of Lithuania has just announced updated regulations designed to facilitate the growth of investment crowdfunding. Vytautas Šenavičius, a partner at the law firm of TVINS and Chairman of the Board of Lithuanian Crowdfunding and P2P Lending Association, told Crowdfund Insider; “Today the Parliament… Read More

Laimonas Noreika, CEO of Lithuanian P2P Startup FinBee; We are About Borrowing for Less & Earning More When Investing

Last week, CEO Laimonas Noreika led the launch of Finbee, the second peer-to-peer lending platform to launch in Lithuania.  Lithuanian and British-owned, Finbee opened its P2P lending service to international investors today. Lithuania is a country that is aggressively courting businesses as a country that is… Read More

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