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Every year is now a big year in tech. But in 2020 innovative digital solutions were more in demand than ever before, as disruption became a fact of life rather than simply a business buzzword.
So, what were the big stories and trends over the year in European tech? And what do they tell us about the future? The Local, in partnership with Invest Stockholm, presents a top ten (in no particular order) of highlights from the past year in European tech.
UK fintechs seek ‘cure for Brexit’ Associated Press
VILNIUS, Lithuania: Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licenses there so they can continue to operate in the European Union.
The Baltic eurozone state with a population about a third the size of London is now leading the EU in fintech with over 230 companies, according to the Invest Lithuania government agency.
Some two dozen have links to Britain.
One of the first to come after the 2016 Brexit referendum was London-based Revolut bank.
“Lithuania is currently a hub for our European operations after Brexit,” Virgilijus Mirkes, CEO of Revolut Bank in Lithuania, told Agence France-Presse.
Monday, 22 Feb 2021 08:15 AM MYT
A senior official in charge of supervision at Lithuania’s central bank, Jekaterina Govina, said during the Brexit transition period, fintech companies began to search for an alternative EU harbour and thus Lithuania has become one of their primary options. Reuters pic
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VILNIUS (Lithuania), Feb 22 Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licences there so they can continue to operate in the European Union.
The Baltic eurozone state with a population about a third the size of London is now leading the EU in fintech with over 230 companies, according to the Invest Lithuania government agency.
UK fintechs seek cure for Brexit in Lithuania thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.