Articles with tag like: Bank of Lithuania

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Paysera raises authorised capital to EUR 7 mln

News | Payments General | 07 Jan 2021

Lithuania-based fintech Paysera has raised its authorised capital from EUR 3 million up to EUR 7 million as a result of accumulated profit, according to the official press release.

Paysera, fintech, Lithuania, authorised capital, Bank of Lithuania, e-payments, PSP, Baltic, EMI

Bank of Lithuania gets green light for Centre of Excellence in Anti-Money Laundering

News | Digital Identity, Security & Online Fraud | 02 Nov 2020

The Lithuanian government has approved the establishment of the Centre of Excellence in Anti-Money Laundering, a public-private cooperation project initiated by the Bank of Lithuania.

Bank of Lithuania, financial crime, fraud prevention, AML, CTF, banking, Lithuania

Lithuania approves Centre of Excellence in Anti-Money Laundering

News | Digital Identity, Security & Online Fraud | 29 Oct 2020

The Lithuanian government has approved the the establishment of the Centre of Excellence in Anti-Money Laundering, a public-private project initiated by the Bank of Lithuania.

Lithuania, AML, anti-money laundering, Bank of Lithuania, CTF, counter terrorism financing

Bank of Lithuania calls for a uniform EU-level approach to fight money laundering

News | Digital Identity, Security & Online Fraud | 01 Oct 2020

The Bank of Lithuania has evaluated EU’s proposal for a common supervisory framework (mechanism) and calls for a uniform EU-level approach to fight money laundering.

Bank of Lithuania, KYC, money laundering, compliance, regulation, payments, banking, fraud prevention, entities

Development of the Bank of Lithuania's digital collector coin has entered its final phase

News | Cryptocurrencies | 03 Jun 2020

A blockchain-based digital collector coin (LBCOIN) created by the Bank of Lithuania as well as its e-shop have entered the final testing phase.

LBCOIN, tokens, blockchain, fintech, innovation, KYC, Bank of Lithuania, e-shop, NEM blockchain-based software, financial sector, Lithuania

Bank of Lithuania gives guidelines on opening accounts for e-money and payment institutions

News | Payments General | 29 May 2020

The Bank of Lithuania has prepared and approved its position on the right of electronic money institutions (EMIs) and payment institutions (PIs) to access bank accounts opened with credit institutions.

e-money, payments, banks, financial institutions, fintechs, Bank of Lithuania, credit institutions

Bank of Lithuania's LBChain project reaches the finish line

News | Cryptocurrencies | 25 May 2020

The Bank of Lithuania’s LBChain project – a unique blockchain-based sandbox – has reached the end of its third and final stage.

fintechs, blockchain, Bank of Lithuania, TietoEVRY, IBM, LBChain, Lithuania

Electronic money and payment institutions on the rise in Lithuania

News | Payments General | 20 Mar 2020

At the end of 2019, a total of 115 electronic money (EMI) and payment (PI) institutions operated in Lithuania.

electronic money, Payment Institutions, Bank of Lithuania, payments, licences, study, Lithuania

Bank of Lithuania launches tool to streamline reporting procedures

News | Online & Mobile Banking | 24 Feb 2020

Bank of Lithuania, together with Columbus Lietuva and Peekdata, introduced a RegTech solution prototype which will automate reporting procedures.

Bank of Lithuania, bank, online banking, automated reporting procedures, Columbus Lietuva, Peekdata, Open Banking, API, Europe, PSD2

Bank of Lithuania on the potential of central bank digital currencies

Interviews | Cryptocurrencies | 30 Jan 2020

The Paypers has sat with Aistė Juškaitė, principal economist at the Market Infrastructure Department, Bank of Lithuania to discuss about the potential behind CBDC

CBDC, cryptocurrency, digital currency, monetary laws, Bank of Lithuania, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Sveriges Riksbank, Swiss National Bank, central bank digital currencies

Bank of Lithuania approved the sample of a digital collector coin

News | Cryptocurrencies | 20 Jan 2020

The Board of the Bank of Lithuania has approved the sample of the physical version of the digital collector coin.

Bank of Lithuania, digital collector coin, silver coin, LBCOIN, blockchain, Lithuania

Bank of Lithuania publishes analysis on central bank digital currency

News | Cryptocurrencies | 10 Dec 2019

The Bank of Lithuania has issued an analysis on central bank digital currency (CBDC) design choices as well as monetary policy and financial stability implications.

Bank of Lithuania, central bank digital currency, blockchain, monetary policy, financial stability, Lithuania, LBCOIN

Contis receives Lithuanian e-money licence

News | Payments General | 30 Jul 2019

Contis, the banking-as-a-service provider, has been issued an e-money licence from the Bank of Lithuania.

Contis, e-money licence, banking, payments, Bank of Lithuania

How the fintech revolution can come from outside a post-Brexit UK – interview with GlobalNetInt

Interviews | Interviews | 20 Jun 2019

Liudvikas Kulikauskas, CEO of Globalnetint, UAB, shares how an electronic money institution can thrive in the post-Brexit fintech climate, perspectives on alternatives, and expansion plans

Liudvikas Kulikauskas, Globalnetint, Electronic Money Institution, Brexit, Lithuania, fintech, banking, Bank of Lithuania, SEPA, SWIFT, Jekaterina Govina, EU passporting rights, EMI licencing

Interview with Bank of Lithuania on inclusiveness, regulating Open Banking, and exploring new tech

Interviews | Interviews | 04 Apr 2019

Jekaterina Govina, Bank of Lithuania: We are open to innovation and new entrants to our financial market, all while ensuring the financial stability and integrity of the financial market as well as consumer protection

Jekaterina Govina, Bank of Lithuania, innovation, fintech, Open Banking, technology, interview, payments, KYC, blockchain

Bank of Lithuania updates position on virtual currencies and ICOs

News | Cryptocurrencies | 18 Feb 2019

The Bank of Lithuania has updated its position on virtual assets and initial coin offering (ICO) taking into account current market developments and evolving regulatory regimes.

Bank of Lithuania, cryptocurrency, ICO, crypto, virtual assets, Lithuania, investors

European Merchant UAB granted a specialised bank license

News | Payments General | 17 Dec 2018

European Merchant UAB has been granted a specialised bank licence by the European Central Bank.

European Merchant UAB, bank license, Bank of Lithuania, payments

Revolut gets European banking license via Lithuania

News | Payments General | 13 Dec 2018

Revolut, the UK-based financial technology startup, has obtained a European banking license, with plans to launch checking and savings accounts as well as retail and business lending.

Revolut, banking license, Europe, Lithuania, business lending, Bank of Lithuania

Transferwise joins instant payments system via Bank of Lithuania

News | Payments General | 23 Nov 2018

International money transfer platform Transferwise has opened a euro account with the Bank of Lithuania, thus gaining direct access to the instant euro payments system.

TransferWise, instant payments, Bank of Lithuania, SEPA

Bank of Lithuanias sandbox seeks fintech startups

News | Payments General | 01 Oct 2018

The Bank of Lithuania is calling out to fintech startups and established businesses to test their innovations in a live environment under its guidance and supervision.

Bank of Lithuania, sandbox, fintech, startups