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”.
Mar 21, 2019
Lithuania is among the leading European Union states according to the number of women working in the field of technologies and innovations. The IT field boasts a growing number of success and leadership stories of women that are the inspiration to other women of different ages. However, the experts claim that women still have a huge potential in this field and there is plenty of space for their self-fulfilment in the technology sector.
Jan 15, 2019
Forbis, the maker of the FORPOST financial services platform, recently completed a 15-million-euro project for a core banking system which enabled a pan-Baltic business transformation at Danske Bank. It as a rare example of a major IT transformation project finished on time, on scope and on budget. And with no business disruptions. EY Baltics served as the independent programme consultant.
Jan 03, 2019
There are numerous cases worldwide when criminal groups and individuals sought to legalise dirty money or integrate it into a legal financial system. According to the data of the United Nations Organisation, the amount of money laundered worldwide every year is from USD 800 billion to 2 trillion. These amounts correspond to 2–5 per cent of the global GDP.