The company was fined after VDAI identified GDPR compliance weaknesses related to incident reporting and data security.
Lithuania
Fintech
Premium
Electronic money and payment sector thrives in Lithuania as major players consolidate
While licensing and transaction revenues grew during 2025, most of them are still tied to the 10 largest institutions on the market.
The Nordic-Baltic region’s highly integrated, digitally savvy environment grounds itself in dialogue and collaboration – and presents demanding roles for compliance professionals.
Estonia, Latvia, and Lithuania are quickly becoming a home for some of the world’s most innovative fintech companies.
Actions in the strategy are geared toward all market participants including banks, credit unions, and fintech companies.
The central bank intends to hold 17 events tied to compliance-central topics such as DORA, AML, and third-party risk management.
A snapshot of Member States' local transposition progress.
The largest fine of the year was issued to Vinted for violating provisions of the EU GDPR.