News
Sep 07, 2020
Announced with fanfare, awaited with great expectations, and “live” for about a year now, Europe’s open banking initiative is a flop. And it will continue to fizzle unless some basic changes are made, says Andrej Zujev, the founder of Forbis Group, a Lithuania-based pioneer in IT solutions for the finance industry. He calls for an open debate in the EU on a viable way forward.
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.
