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

    Peter Renton is the chairman and co-founder of Fintech Nexus, 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.