Our Goals for 2021-2023
REPRESENT the industry’s interests:
- Initiate regular meetings with Fintech industry participants, the Bank of Lithuania, the Ministry of Finance and other regulators in order to oversee and influence key regulatory changes
- Participate in regulatory and governmental initiatives of changing regulatory requirements.
SELF-REGULATE:
- Implement a self-regulation framework which includes, but is not limited to:
- Extended Due Diligence questionnaire for the new applicants to the association members
- Annual compliance requirements checklist for members
- Encourage the members to use and enforce the Code of Ethics
- Extended Due Diligence questionnaire for the new applicants to the association members
- Facilitate & promote the implementation of regulatory requirements & best industry standards among our members
- Call for the adherence and commitment of new and existing members on a yearly basis.
SERVE as a platform for knowledge sharing:
- Conduct internal workshops, training, events
- Strengthening of the competence of the staff of the members in the regulatory area
- Act as a one-stop for existing and new participants in the Fintech industry
- Share actual information, documents and insights available only to Fintech Hub LT members.
IMPROVE the perception of Fintech ecosystem
- Conduct conferences, and other relevant public events
- Become a voice of Fintech industry in Lithuania
- Initiate articles and other media outreach for the association and its members
- Cooperate with the Bank of Lithuania in promoting Lithuania, as one of the attraction centres in the industry worldwide.
REINFORCE Community Building:
- Participate in forums, discussions on the Fintech industry
- Reinforce the relationships between the financial market participants (inside & outside the Fintech Ecosystem) including relationships with other local and international Fintech associations
You can find Fintech Hub LT Articles of Associations here:
| Articles of Associations of Fintech Hub LT |
You can find Code of Ethics signed by all Fintech Hub LT Members here:
| code_of_ethics_2021.pdf |