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Country spotlight: Lithuania – the young ones

Aerial view of Vilnius, Lithuania

Banking Technology explores a less known – but a noteworthy – destination for fintech in Europe, Lithuania, and its capital Vilnius. Whilst it is realistic that it cannot compete with the European Goliaths such as London or Paris, it wants to carve its own niche in the fintech space, and has quite a lot to offer.

Bank of Lithuania promises one-week response to fintech licence enquiries

Lithuania keen on fintech

Bank of Lithuania, the country’s central bank and regulator, promises to provide preliminary answers to financial institution licence enquiries within one week, “the fastest turnaround in the EU”.

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