Business services for financial institutions

A burgeoning financial hub in Northern Europe, perfect location for Business Services

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

 

  • 64,500
    finance professionals already in the labour market
    Source: SODRA, 2019
  • Finance Graduates
    22,200
    students enrolled in finance, economics, business administration and similar programs at universities and in college
    Source: Ministry of Education, Science and Sport, 2019-2020

2. The largest Fintech hub in the EU

  • Fintech Ranking
    10th
    in Global Fintech Ranking
    Source: Global Fintech Index City Rankings 2021, Findexable
  • 1st
    Largest Fintech hub in the EU in terms of licensed companies
    Source: EUCLID Register, European Banking Authority, 2020
  • Startup Attraction
    1st
    Global ranking of Vilnius in the Tech Startups FDI Attraction Index
    Source: FDI Intelligence, Tech Start-up FDI Attraction Index 2019

3. Prudent and forward-thinking regulation

AML centre of excellence

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

  • Bloomberg logo
    Bloomberg Lab

    Kaunas Technology University offers students access to the Bloomberg Professional Service platform.

  • CFA logo
    CFA/ACCA aligned programs

    Lithuanian universities offer programmes designed in accordance with internationally recognized Chartered Financial Analyst (CFA) and Association of Chartered Certified Accountants (ACCA) certifications.

  • Moody’s Lab

    Moody’s created its Lab at ISM University allowing students to conduct research on corporate, industry and country ratings.

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Have questions? Contact us
Rūta Kriščiūnaitė
Head of Business Services & ICT team
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    Rūta Kriščiūnaitė Head of Business Services & ICT team
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