Fintech

International Internet Magazine. Baltic States news & analytics Saturday, 23.10.2021, 21:03

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Lithuanian c. bank fines Wittix, its CEO for improper safeguarding of client money

Lithuanian c. bank fines Wittix, its CEO for improper safeguarding of client money

10.12.2020

Wittix, an electronic money institution, and Hanan Assis, its CEO, have been fined for improper safeguarding of client money, the Lithuanian central bank said LETA/BNS.

Keyword tags: Banks, Financial Services, Fintech, Lithuania



Sezzle sets up company in Lithuania

Sezzle sets up company in Lithuania

19.11.2020

US financial startup Sezzle has established a company in Lithuania and may use it as a springboard for expansion into Europe, the business daily Verslo Zinios reported on November 19th, cites LETA/BNS.

Finland's fintech Saldo Finance expanding in Lithuania

Finland's fintech Saldo Finance expanding in Lithuania

19.11.2020

Finland' financial technology company Saldo Finance is set to double its product development team in Vilnius over the next year, with plans to hire more financial and technology professionals at a later stage, Invest Lithuania said on November 19th, cites LETA.


Japan's MUFG Investor Services establishes office in Lithuania

Japan's MUFG Investor Services establishes office in Lithuania

16.11.2020

Japanese fintech company MUFG Investor Services FinTech Limited (MUFG ISFT) has announced its plans to open a representative office in Lithuania and the goal of its first office in the country will be to attract new talents, Lithuania's foreign investment promotion agency Investuok Lietuvoje (Invest Lithuania) report, cites LETA/BNS.

Latvian startups attract investments worth EUR 13 mln in eight months

Latvian startups attract investments worth EUR 13 mln in eight months

21.09.2020

In the first eight months of this year, Latvian startups attracted investments worth EUR 13 mln, said Diana Lace-Davidova, the executive direction of the Latvian association of startups, Startin.lv, in a forum today, referred LETA.


17.09.2020

Poland's Finnovative Solutions gets payment institution license in Lithuania

The Board of the central Bank of Lithuania has granted Polish-capital company Finnovative Solutions a payment institution license authorizing to offer payment initiation and account information services, reported LETA/BNS.

16.09.2020

Bank of Lithuania: Electronic money and payment institutions managed to withstand the shock of COVID-19

In the first half of 2020, the number, payment transactions and income of electronic money and payment institutions (EMIs/PIs), which hold a significant share of the Lithuanian fintech sector, continued to grow at a rapid pace.

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