Page 2 - சர்வதேச குடியேற்றங்கள் கண்டுபிடிப்பு மையம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lithuania: the number of active fintech companies in the Baltic state increased from 210 to 230 last year, according to a report | Credit: dmvl; Pixabay Lithuania’s central bank, Lietuvos Bankas, showcased a new regulatory technology (regtech) protoype this week that automates reporting procedures, cutting the administrative burden for financial market participants. The prototype – developed by two IT companies, Columbus Lietuva and Peekdata – uses an application programming interface (API) that financial institutions can install. This automatically collects the required data from the institution and submits them in a standardised format to the supervisory authority. Testing focused on anti-money laundering (AML) uses, but could automate reporting procedures for other financial market participants, according to Lietuvos Bankas. It also gives the regulator “an entirely new level of monitoring and analysis”, according to the press release.

Lietuvos bankasColumbus lietuvaMarius jurgilasCentre of excellenceMinistry of economyInternational settlements innovation hubAnti money launderingSwitzerland headquartered bankInvest lithuaniaFintech landscapeJekaterina govinaலிேடுவோச் வங்கிகள்மையம் ஆஃப் சிறப்பானதுஅமைச்சகம் ஆஃப் பொருளாதாரம்சர்வதேச குடியேற்றங்கள் கண்டுபிடிப்பு மையம்எதிர்ப்பு பணம் சலவை