News
Jul 31, 2020
Feb 12, 2020
The rise of innovative technologies in finance naturally sparked an interest in digital banking. No wonder it has become a catch-all thing - while the competition in disruption is quite intense, many traditional banking institutions are currently attaching themselves to the idea of a digital bank in order to look more modern. Many new electronic money licence holders are going after potential customers who prefer the quick and convenient approach through digital applications also referring to their services as digital banks. But are they really digital banks?
Sep 19, 2019
A banking system provider Fininbox has just introduced a new accounting service explicitly designed for Electronic Money Institutions (EMI) licensed in Lithuania – Europe's FinTech powerhouse.
May 16, 2019
The number of electronic money institutions (EMIs) operating in Lithuania rose to 40 in 2018, up from 12 just two years earlier, and the sector’s revenues from electronic money issuance and payment services surged to 6.4 million euros, according to Bank of Lithuania statistics. Changing market situation prompted UAB “Kredito uniju namai”, which is a part of Forbis Group, with 64 percent of EMIs as company clients, to change its trading name. From “Kredito uniju namai” it will become “Fininbox”.
