UK fintechs seek cure for Brexit in Lithuania – Outside Views

Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licenses there so they can continue to operate in the European Union.
The Baltic eurozone state with a population about a third the size of London is now leading the EU in fintech with over 230 companies, according to the Invest Lithuania government agency.
Some two dozen have links to Britain.

Brexit happened on January 31st 2020 when the United Kingdom formally left the institutions of the European Union. And I give you some outside views on it.

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My TOP 5 best performing videos of my outside views:

God save Britain: https://youtu.be/gG8s–eJPvo
No sovereign UK at all: https://youtu.be/TbWzI0zW-H0
Consumers in trouble: https://youtu.be/pXp-FCSIJcM
Urgently prepare for Brexit: https://youtu.be/gcBzzDsYr9A
Arming for an Emergency: https://youtu.be/ZjttBvn_qUI

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Sources: euronews, Berliner Morgenpost, Bundesministerium für Ernährung und Landwirtschaft, Ihre Vorsorge, Wirtschaftswoche,Spiegel, ntv, Weser Kurier, Deutsche Welle, Presseportal, Nürnberger Blatt,Jüdische Allgemeine, Windmesse, RND, Deutsche Welle, International policy digest, Nau, proplanta, onvista, Daily Business, euronews,Die Presse, F.A.Z., Guardian, Sueddeutsche Zeitung, Zeit, Focus, Stern, Spiegel, Wirtschaftswoche, The Guardian, F.A.Z., OÖNachrichten, Junge Welt, ORF, Spiegel, euronews,Tagesschau, BR24, SWR2, ManagerMagazin, Stimme, Finanzen, DerStandard, eurotopics,

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#eu
#uk

In difficult times, Fintech plays a vital role in providing remote access to financial services. We remain committed to bringing you essential news and information on the latest developments.

As Europe’s second-largest Fintech hub, with growth in the number of Fintechs last year of 24%, Lithuania is at the forefront of Fintech innovation. Gintarė, Head of the Technology team at Invest Lithuania, explains.

Read the full story in the free ‘Fintech Landscape in Lithuania 2019-20’ report – and get in touch to find out more! https://investlithuania.com/fintech-report-2019/

Our hosts Simon and Leda are joined by two great guests, Livia Benisty, Head of Financial Crime at ComplyAdvantage and Ryan Edwards-Pritchard, MD at Funding Options.

Revolut has secured a European banking licence from authorities in Lithuania, allowing them to start offering current accounts and loans across the EU from early next year. Initial focus on Lithuania, where it has about 150,000 customers, before expanding into larger markets including the UK, France and Poland later next year. However, its plans to offer full banking services in its home market could be delayed in the event of a disorderly Brexit if financial firms lose the right to serve retail customers on licences granted in the rest of the EU.

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With COVID-19 testing the skills and ingenuity of industries worldwide, Lithuania’s sector has proved it has the talent to thrive – even in difficult times.

With a pool of 38,000 ICT specialists, Lithuania’s Fintech sector is built on diverse, multi-disciplinary teams – and the EU’s highest share of women in tech. Rugilė, Senior Fintech Investment Advisor at Invest Lithuania, explains the power of Lithuanian talent.

Download the free ‘Fintech Landscape in Lithuania 2019-20’ report to read the full story – and get in touch to find out more! https://investlithuania.com/fintech-report-2019/