Fintech Hub LT

Exciting Opportunity: Join Fintech Hub LT as Our New Chief Legal Officer! 🎊 Are you a dynamic and experienced legal professional with a passion for fintech? Fintech Hub LT is on the lookout for a Chief Legal Officer (CLO) to join our innovative team! Fintech Hub LT is at the forefront of financial technology with a dynamic team that's shaping the future of financial technology. We offer a collaborative and inclusive work environment where your expertise will be valued and your contributions will make a significant impact. If you’re ready to take on this challenging and rewarding role, we’d love to hear from you! Please submit your resume and a cover letter detailing your experience and why you’re the perfect fit for the Chief Legal Officer position at Fintech Hub LT. Join us at Fintech Hub LT and be part of a revolution in financial technology. Together, we can achieve greatness and redefine the future of fintech! Please apply here: https://lnkd.in/eQcwKGVr

On 14th May at the Embassy of Lithuania to Italy, Fintech Hub LT, INFOBALT and ItaliaFintech signed a Memorandum of Understanding (MoU) aimed at strengthening the technology sector in the region and cooperation between organisations supporting innovation in response to the current geopolitical situation. The general objective of the cooperation between the Fintech market organisations of the two countries is to generate knowledge exchange and cooperation between Italian and Lithuanian Fintech companies and projects involving both markets, thus contributing to the development of the Fintech industry. The Parties intend to cooperate in continuous communication and cooperation, acting as key reference points for the respective fintech industries; to seek each other's input and opinions on issues related to the fintech industry in order to improve the fintech ecosystem in their respective markets; and to exchange relevant industry data, market trends and research results to support the work of the Parties in promoting the fintech industry. The Parties also agreed to cooperate in extending invitations to conferences, workshops, seminars, networking sessions and any other events organised by the Parties, providing first-level soft landing services to Italian and Lithuanian companies. #fintech #hub #cooperation

Greta Ranonytė, head of Fintech Hub LT in the latest Verslo žinios article! Lithuania maintains its position as the fintech leader in the EU. Last year, despite all the tensions, revenues grew by up to a third and the amount of payments processed reached a record €114 billion. Our success has inspired our neighbours - the Poles have been vocal about their desire to take up the banner of Europe's fintech hub, while the Latvians and Estonians have outlined a similar strategy. It is time for some serious thinking. Despite the geopolitical uncertainty, the fintech sector in Lithuania continues its growth trajectory. Data from the Bank of Lithuania shows that in 2023, revenues from EMI/PI licensed activities increased by almost a third to almost EUR 495 million, while the amount of payment transactions grew by around 10% to EUR 114 billion. The total amount of customer funds held by EMI/PIs reached almost EUR 2 bn. The largest EMI/PIs in terms of turnover are the members of Fintech Hub LT: Paysera, ZEN.COM, ConnectPay, Nuvei, Phoenix Payments, Genome. The Lithuanian fintech sector remains one of the most dynamic in Europe, demonstrating not only resilience to challenges, but also continuous growth. 2023 was a memorable year for our country's fintech ecosystem, with the number of fintech companies increasing to 270 and their services reaching more than 27 million customers across Europe. The number of people employed in the sector rose to 7,400 and, according to the latest statistics, companies' total profits increased by 18% compared to the previous year. More details in the article via the link: https://lnkd.in/gV45caXm

Fintech Hub LT participated in the meeting with Ingrida Šimonytė! Today, representatives of Fintech Hub LT, Asta Grigaityte, Saulius Racevicius and Anna Pavlovska, participated in the meeting with Ingrida Šimonytė, candidate for the President of the Republic of Lithuania, organised by Lietuvos verslo konfederacija | Lithuanian Business Confederation for its members. The meeting covered several important topics, including the further development of the fintech sector in Lithuania. Discussions during the meeting centred on several key questions regarding the Lithuanian prospects. The meeting provided a platform for the exchange of insights, ideas and dialogue between the participants. Ingrida Šimonytė emphasised the importance of creating a conducive environment for innovation and further technological development, maintaining Lithuania as a reputable investment jurisdiction. Fintech Hub LT will strengthen its efforts and commitment to represent the fintech sector in Lithuania, signalling a collective effort to support innovation and growth in this important industry. #fintech #innovation #technology

🌟 Save the Date: Baltic VCA Summit 2024 in Vilnius! 🌟 For over a decade, the Baltic VCA Summit has served as the premier gathering for key players in the Baltic Private Equity and Venture Capital industry. This September 2024, all the enthusiasts are invited to converge in Vilnius. It's the perfect opportunity to delve into crucial industry challenges, explore emerging opportunities, and gain insight into the future landscape of the market. 📅 Date: September 2024 📍 Location: Vilnius, Lithuania ℹ️ More details about the event: https://lnkd.in/e4dW4vCx 🎟️ Secure your ticket today: https://lnkd.in/gusQFdND Don't miss this chance to network, learn, and shape the future of the Baltic Private Equity and Venture Capital sector! Greta Mieliauskaitė

Fintech Hub LT at Fintech Board Member Education on 23-24 April at NARUTIS hotel! Fintech Hub LT together with Baltic Institute of Corporate Governance The Institute of Internal Auditors Lithuania and Rizikos valdymo asociacija was pleased to participate in the Fintech Board Member Education event aimed at executive and non-executive board members of fintech companies. The programme was thoughtfully tailored to address key topics in line with the Bank of Lithuania's regulations, expectations and industry best practices. We were privileged to delve into important topics led by industry experts, such as expectations of board members, duties under Lithuanian company law, control environments, board agendas, executive structures, AML disputes, risk management perspectives, digital operational resilience, AML governance roles, and engaging discussions. A big applause to all speakers, organisers and fellow attendees for making this an insightful and enriching event. 📝 Lietuvos bankas | Bank of Lithuania expectations towards board members and CEOs of licensed EMI/PI, presented by Denas Gadeikis, Head of EMI/PI Supervision at Lietuvos bankas | Bank of Lithuania; 📝 Duties of board members under Lithuanian company law and implications of non-compliance, presented by Joana Baublyte Kulviete, Co-founder and Partner at WALLESS; 📝 Control environment and the Three Lines Model, presented by Laura Garbenciute-Bakiene, Supervisory Board, Audit & Risk Committee Member; 📝 Board agenda - fintech experience, presented by Agne Selemonaite, Board member and C-executive at Fintech; 📝 Executive board structure and best practices, presented by Rytis Ambrazevičius, President at Baltic Institute of Corporate Governance; 📝 AML disputes, presented by Zygimantas Stankevicius, Partner at TGS Baltic; 📝 Risk management as a business enabler - board perspective, by Tadas Cilcius, Fintech Governance Risk Compliance expert; 📝 Digital operational resilience, presented by Greta Ranonytė, Head at Fintech Hub LT; 📝 Board member responsible for AML - purpose & role, presented by Dr. Lijana Štarienė, CCO, ESG Coordinator; 📝 Moderator of the Event Audrius Radisauskas, Board Member, Fintech, RegTech, Risk&Compliance. We look forward to incorporating the learnings into our fintech practices in Lithuania! #fintech #corporategovernance #board

Fintech Hub LT Hb LT is pleased to announce that KPMG Lithuania has joined the association! 🎊 KPMG operates in 143 countries and territories and, in FY23, employed more than 270,000 people, serving the needs of business, government, public bodies, not-for-profit organisations and, through the audit and assurance practices of KPMG firms, the capital markets. KPMG is committed to quality and service excellence in everything it does, giving the best to its clients and earning the public's trust through its professional and personal conduct. Find out more on the company's website: https://kpmg.com/lt #fintechhub #fintechnews

Fintech Hub LT in recent Delfi article - Experts advise how to protect against cyber attacks! 🤝 Greta Ranonytė, Head of Fintech Hub LT, together with community members Rokas Muraška (PAYSTRAX), Daumantas Barauskas (Genome) and Antanas Kedys (Nexpay) shared valuable advices on how to protect against cyber attacks. The cybersecurity experts emphasised the importance of staying vigilant and implementing robust security measures to protect personal and financial information in this digital age. While advancing technology is rapidly transforming businesses, cybercriminals are not sitting still. As cyber threats evolve over time, it becomes easier for fraudsters to outsmart security systems and people. Cybersecurity experts in the Fintech sector note that relatively new social engineering attacks using artificial intelligence have also become more popular recently. The experts stressed the importance of using strong, unique passwords for each online account and enabling two-factor authentication wherever possible. They also stressed the need for regular software updates and security patches to protect against vulnerabilities often exploited by cybercriminals. More details in the article via the link: https://lnkd.in/dnW9MQFa Stay tuned for more insightful cybersecurity tips and best practices from Fintech Hub LT members! #cybersecurity #fintech #fintechnews #Delfi

Fintech Hub LT welcomes a new member - MELD X! MELD X is a registered CASP in Lithuania that will serve as an on/off ramping and swapping platform in the MELD ecosystem. Headquartered in Singapore and Lithuania with staff across Europe and Asia, MELD is a bridge between decentralised finance (DeFi) and traditional finance, connecting DeFi products such as the MELD L1 blockchain, self-custody wallet and lending/borrowing protocol with real-world assets (i.e. tokenised securities or real estate), fiat bank accounts and debit cards. On the MELDapp, you can borrow stablecoins or fiat cash against your tokenised Apple shares, a Lombard lending service currently only available to high net worth individuals. Please visit the website to learn more: https://www.meld.com/ #Fintech #CASP Gediminas Kiveris Ąžuolas Šopa, CAMS Maia Benzimra 🔴

Fintech Hub LT is pleased to announce that our member TransferGo has successfully raised a $10 million growth funding round. 👏 TransferGo valuation has doubled since its last investment round in September 2021. This valuation surge is supported by impressive financial performance, with TransferGo experiencing 50% revenue growth and reaching profitability in 2023. In contrast to recent market trends, the company has expanded its team by over 30% in the last year, strengthening its leadership with global talent. "Our mission is to create a fairer world for global citizens. This investment opens a new chapter for our company, enabling us to accelerate our growth in Asia Pacific by giving people more opportunities for fairer financial services. We will also continue to invest in expanding our product development and bringing more value to our customers worldwide," said Daumantas Dvilinskas, co-founder and CEO of TransferGo. "The doubling of our company's valuation in the face of challenging capital market conditions validates our robust business model and positions us as one of the fastest growing consumer financial services brands in the world." More details here: https://lnkd.in/eANwPdEP #Fintech #Community #Fintechnews