The Bank of Lithuania has been selected as the winner of the first Catalyst Award at the FinTech & RegTech Global Awards 2018 in Singapore, organised by Central Banking.

Central Banking, a journal on the world’s central banks, rewarded the successful efforts of the Lithuanian bank in the field of FinTech. The jury particularly was impressed that the bank has created an environment favourable to development of financial technologies and open to FinTech companies quickly forming relationships with the central bank and integrating within the financial system.

“For an institution to transform from a hard-core regulator to a partner in sustainable development is not easy. And it is certainly not enough to simply say it. It takes the institution at all levels to embrace the strategic change and to deliver. I am proud of the Bank of Lithuania staff who made this change possible and noticeable. Without a doubt, we will continue shaping the financial sector in both Lithuania and the region to make it even more competitive and innovative,” said Marius Jurgilas, Member of the Board of the Bank of Lithuania.

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