Financial technologies are rapidly gaining traction across the globe. Held on 10 June in Vilnius, the seminar will bring together high-level representatives from the Bank of Lithuania, the International Monetary Fund and the Ministry of Finance, as well as innovative financial market participants to discuss how to take advantage of the opportunities financial technologies offer and mitigate related risks.
Given rapid advances in financial technology that are transforming the economic and financial landscape, in October 2018 the IMF and the World Bank put forward the Bali Fintech Agenda. The agenda advances key considerations with regard to fintech and its regulation, distilling them into 12 elements (including recommendations on stimulating growth of the sector and mitigating the associated risks) that arise from the experiences of member countries.
Lithuania is an early example of these guiding principles implemented in practice.
Balancing Fintech opportunities and risks
10 June 2019
Rise Vilnius, Gynėjų g. 14, Vilnius 01109
Renata Šumskaitė, Head of Rise Vilnius
14:05-14:15 Welcome speech
Vitas Vasiliauskas, Governor of the Bank of Lithuania / Member of the Board of Governors of the IMF
14:15-14:25 Government strategy in fostering the Fintech market in Lithuania
Vilius Šapoka, Minister of Finance of the Republic of Lithuania / Alternate Member of the Board of Governors of the IMF
14:25-14:35 Balancing Fintech opportunities and risks
Tao Zhang, Deputy Managing Director of the IMF
14:35-14:45 Establishing a partnership approach in the financial market regulation and supervision
Marius Jurgilas, Member of the Board of the Bank of Lithuania
14:45-15:25 Presentations by Lithuanian Fintech ecosystem participants
Liudas Kanapienis, CEO at Ondato
Monika Rimkūnaitė-Bložė, CEO at MoQ
Vytenis Morkūnas, CEO at Paysera
Gita Amšiejūtė, Head of Vilnius Office and European Compliance Officer at InstaReM
15:25-15:35 Potential collaboration between banks and Fintech companies
Mantas Zalatorius, President of the Association of Lithuanian Banks