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  • the Retail Bankers

6 ideas on what makes a Fintech destination great

Updated: Mar 7, 2019


  • Early-stage lighter licences, like the UK's Small Payment Institution and Small eMoney Issuer licence, or Lithuania's Light bank licence. They are simpler, cheaper and have less equity requirements that the fully-fledged ones. The con? They can only be used in the country they have been awarded.


FCA Small PI or EMI licence
FCA Small PI or EMI licence

  • Faster times: While in some EU jurisdictions it might take between 9 and 12 months to get a PI or EMI licence, there are others that guarantee that the whole process runs at speed and it can be finalized in 3 months, like in Lithuania.



Lithuania- Faster times to grant PI or EMI licences
Lithuania- Faster times to grant PI or EMI licences
  • A regulatory sandbox, like the ones already running in the UK, Switzerland, or the Netherlands. There are regulators, like the UK's FCA, that is already pushing for a Global sandbox, together with other 11 regulators.



  • Forward thinking regulation, stimulating and fostering innovation and business. The UK sandbox was launched in June'16. Lithuania has a FDI public agency exclusively dedicated to attracting Fintech business.


Lithuania Forward thinking Fintech regulation
Lithuania Forward thinking Fintech regulation

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