New Concern in Lithuania Over Revolut’s Banking License

Politicians in Lithuania are expressing concern about the expertise at their country’s central bank after Revolut secured their banking license last year; an influx of fintech companies has stretched resources thin at the central bank; Revolut has already gone through two investigations and there are now calls for a third; the digital bank is among dozens of western companies that have flocked to Lithuania, which is now Europe’s second-largest fintech center in terms of the number of regulated companies. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!