President of the Republic of Lithuania

The President opened the financial technologies conference

2019-11-27

President Gitanas Nausėda attended the conference Fintech Inn 2019. According to the President, this conference should help us move towards the ultimate goal – a better digital future for all. Amid the ongoing technological change, we must constantly search for new ideas, exchange knowledge and cooperate.

“There has been a five-fold increase in the number of FinTech startups over the last five years. Our FinTech community has been offering various services and products – from payments, investments and lending options to cybersecurity and KYC solutions. Nevertheless, we have to go further. We need to look at possibilities that could provide a cross-sectoral dimension of financial innovation. We need to link financial technologies with sustainable finance, climate change, cybersecurity, transport, trade, and energy sectors”, said the President in his welcome address.

The President expressed conviction that Lithuania had a solid ground to be a center of excellence for risk management in the financial services sector where state of the art solutions to fight money laundering and terrorism financing were being developed.

The President also said that Lithuania was a country with big aspirations. The fact that the conference is attended by representatives from more than 500 companies and over 60 countries shows that Lithuania has become a great place for the global FinTech community to meet.

The President‘s Communication Group

Last updated 2019.11.27 12:32

Back