Business services for financial institutions
As a trusted location for global business services financial institutions like Danske Bank, Western Union and Nasdaq, alongside much of the Scandinavian banking sector, Lithuanian offers a strong results driven base for Financial Service providers. Here you’ll find talent who not only exceed expectations but drive innovation – Danske’s Lithuanian team was responsible for designing and creating the banks popular online banking app MobilePay, now used by 90% of Denmark’s smartphone owners.
Already here
Reasons to choose Lithuania
1. Talent pool
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64,500finance professionals already in the labour marketSource: SODRA, 2019 -
22,200students enrolled in finance, economics, business administration and similar programs at universities and in collegeSource: Ministry of Education, Science and Sport, 2019-2020
2. The largest Fintech hub in the EU
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10thin Global Fintech RankingSource: Global Fintech Index City Rankings 2021, Findexable -
1stLargest Fintech hub in the EU in terms of licensed companiesSource: EUCLID Register, European Banking Authority, 2020 -
1stGlobal ranking of Vilnius in the Tech Startups FDI Attraction IndexSource: FDI Intelligence, Tech Start-up FDI Attraction Index 2019
3. Prudent and forward-thinking regulation
The AML Centre of Excellence – a prime example of Private and Public Partnership (PPP):
The AML Centre aims to:
- Create a dedicated information exchange platform ensuring proper risk identification and management;
- Carry out studies, assessments and analyses; preparing guidelines, recommendations, methodologies and legislative initiatives to improve the AML/CTF framework in Lithuania;
- Assist private sector entities in conducting internal AML/CTF risk assessments;
- Strengthen competencies of public and private sector staff in the AML/CTF field, and organise workshops, seminars, conferences and other events;
- Publish information on the implementation of AML/CTF measures in the country.
4. Skill-based development as the ecosystem’s foundation
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Bloomberg LabKaunas Technology University offers students access to the Bloomberg Professional Service platform.
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CFA/ACCA aligned programsLithuanian universities offer programmes designed in accordance with internationally recognized Chartered Financial Analyst (CFA) and Association of Chartered Certified Accountants (ACCA) certifications.
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Moody’s LabMoody’s created its Lab at ISM University allowing students to conduct research on corporate, industry and country ratings.
Related material to download
What’s happening
in the sector
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OpinionThe evolving picture of Diversity and Inclusion in the Lithuanian GBS SectorSep 22, 2023 -
New investments, Global Business Services & ICTCloud technology company Devoteam to expand in Lithuania with new Kaunas officeApr 04, 2023 -
Global Business Services & ICTLithuania repeats record success at CEE Business Services Awards 2023Mar 16, 2023
