Vitas Vasiliauskas: Lithuania to stay one step ahead of the FinTech game

Speech by Mr Vitas Vasiliauskas, Governor of the Bank of Lithuania, at the The FinTech Inn conference, organised by the Ministry of Finance of the Republic of Lithuania, the Bank of Lithuania, Invest Lithuania and Agency for Science, Innovation and Technology (MITA), Vilnius, 8 November 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
08 November 2018

Good Morning, Dear Colleagues, experts and believers in financial innovation!

I'm delighted to see so many members of the Lithuanian FinTech community and international guests gathered here today.

On my way to this conference, I had a thought: people say that private markets are the locomotives of change moving towards progress faster and better. And that is the reason why private sector initiatives tend to dictate new trends and behavioural patterns, while authorities can only do their best to try and keep up.