The Bank of Lithuania does not need any defenders. Yesterday, however, Verslo Žinios posted a nuanced article named „The Great Crypto Purge: Hundreds of Companies Deregister, Binance Left Behind”; it triggered a wave of commentary that, frankly, misses the bigger picture. Sometimes a bit of perspective is needed to understand what is actually going on. Below are the seven most common slogans and misconceptions I’ve seen circulating, and why they don’t hold up: 1.      Great C

When I get asked about how long an M&A transaction in Lithuania usually takes (from start to finish, i.e. initiation of talks to...

So last week news broke that UK digital bank Monzo is in early stage talks to acquire and/or merge with Nordic neobank Lunar. Lunar last...

If you’re constantly being bothered by these two questions, and you‘re also looking for a short 30 minute summary on the issues facing...

Overview of INSOL Europe event on restructuring and insolvency

In 1776, Adam Smith wrote in “The Wealth of Nations”: "Such things as defending the country and maintaining the institutions of good...

Last week the Bank of Lithuania announced that banks operating in Lithuania and central credit union groups will have accumulate...

When managing AML/CTF risks, we are all used to see several main factors in the traditional customer risk assessment methodologies which...

A little bit of paradox that many Fintech companies focus so much on customer experience and bringing the technological revolution, yet...

“Reikia pinigų? Pinigų yra!“ – the old adage of the ill-fated „Sekundės“ bankas, which went bust in ’94, can be loosely translated as...

The Russian invasion of Ukraine is causing severe damage to the Ukrainian population, society and economy. It has escalated geopolitical...

Risk Management has been seen only as AML/CTF challenge For the past years both regulator and Fintech companies have been mainly focusing...

The adventures of the Big Five in #fintech land In January, Microsoft announced that it will acquire Activision Blizzard in an all-cash...

The Covid-19 crisis has perfectly indicated the essential role of financial literacy in helping consumers manage their money and...

The application of innovative technologies is facilitating changes to the structure of the EU’s financial sector. In response to the...

Covid-19 pandemic tested all businesses and government organizations ability to adjust to the pandemic driven challenges. The Committee...

When you see regtech, most likely you think AML and many of the firms related to KYC onboarding procedures. Up until now, at least. With...

Although more than half a year remains for the Bank of Lithuania's stricter requirements for credit institutions providing housing loans...