Articles with tag: lithuania

Found 29 results in 436 milliseconds.

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

01 Oct 2020 | Digital Identity, Security & Online Fraud

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

SIBS to acquire Romania payments company Romcard

29 Sep 2020 | Online Payments

Portugal-based payments company SIBS has acquired card payment processing company Romcard / Supercard (ex- Wirecard Romania). 

Romcard/ Supercard, Wirecard, Romania, SIBS, Portugal, mergers and acquisitions, Automatic Payment Terminal, online payments, Moldova, Serbia, Hungary, Kosovo, Montenegro, Macedonia, Lithuania, card payment processor,

Bankera launches business loans for digital SMEs

28 Jul 2020 | Online & Mobile Banking

Lithuania-based fintech Bankera has started to offer business loans for small and medium-sized enterprises (SMEs). 

Bankera, business loans, SMEs, digital sector, covid19, Bankerea Business Loans, European Commission, hackathon, lending solution, Lithuania, Europe, business invoice financing, refinancing, short-term lending services

Opera to acquire Fjord Bank

13 Jul 2020 | Online & Mobile Banking

Opera, an Internet browser, has announced its intention to purchase Fjord Bank subject to regulatory approval.

Opera, Fjord Bank, banks, browser, Internet, fintech, Europe, loan, Lithuania, Estonia, PocoSys, digital wallet, payments, technology, cards

iDenfy partners Cashaa to help Indian crypto owners avoid online frauds

25 Jun 2020 | Digital Identity, Security & Online Fraud

iDenfy, a Lithuania-based identity verification company, has announced a partnership with Cashaa, UK-based online banking platform. 

iDenfy, Cashaa, partnership, India, cryptocurrency, fraud, online fraud, Lithuania, UK, online banking, banking, transactions, Reserve Bank of India, RBI

Luminor teams up with FA Solutions

11 Jun 2020 | E-invoicing, SCF & E-procurement

Estonia-based Luminor, a financial services provider in the Baltics, has partnered with cloud portfolio management company FA Solutions.

Estonia, Luminor, FA Solutions, financial, Baltics, partnership, cloud, cross-border, Latvia, Lithuania, data

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

03 Jun 2020 | Cryptocurrencies

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

29 May 2020 | Payments General

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

25 May 2020 | Cryptocurrencies

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

Revolut to buy technology companies hit by coronavirus pandemic

07 May 2020 | Online & Mobile Banking

Revolut has announced that it is looking to use some of the proceeds of its recent USD 500 million fundraising to buy technology companies that have been hit by the coronavirus pandemic.

Revolut, coronavirus, COVID-19, technology, fintech, UK, banking, banks, Lithuania, European Banking Licence, credit cards, loans

Revolut launches bank in Lithuania

04 May 2020 | Online & Mobile Banking

Revolut has launched a bank for its customer-base in Lithuania, helping to expand the UK fintech’s European footprint, according to Retail Banker International.

Revolut, bank, Lithuania, lending, deposit

Asburn provides payment solution to Azer Turk Bank

27 Apr 2020 | E-invoicing, SCF & E-procurement

Azerbaijan-based bank Azer Turk Bank (ATB) has implemented TransLink.iQ solution from Lithuania-based Ashburn to manage and monitor EFTPOS networks.

Azerbaijan, Azer Turk Bank, Ashburn, EFTPOS, TransLink.iQ, Lithuania, network, transactions, payments, credit cards, security, France, Ingenico, bank

Revolut to move non-UK customers to licensed Lithuanian entity

06 Apr 2020 | Online & Mobile Banking

Revolut has announced plans to move non-UK customers in its licensed Lithuanian entity before the end of the Brexit transition period in December 2020. 

Revolut, UK, Europe, Lithuania, Brexit, banking, challenger bank, cryptocurrency

Electronic money and payment institutions on the rise in Lithuania

20 Mar 2020 | Payments General

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

Citadele Bank invests EUR 10 mln in SME Finance

19 Mar 2020 | Digital Identity, Security & Online Fraud

Latvia-based Citadele Bank has teamed up with SME Finance, a non-bank factoring provider in Baltics, investing EUR 10 million in the company.

Latvia, Citadele Bank, fintech, SME Finance, loan relief, coronavirus, Lithuania, commission fee, mobile payments, P2P, Fellow Finance, consumer loans, cash management, lending

Bank of Lithuania launches tool to streamline reporting procedures

24 Feb 2020 | Online & Mobile Banking

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

30 Jan 2020 | Cryptocurrencies

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

20 Jan 2020 | Cryptocurrencies

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

10 Dec 2019 | Cryptocurrencies

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

30 Jul 2019 | Payments General

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