Fintech Inn 2020 conference will be reimbursed by Fintech Week Lithuania week

Date

2020 06 08

Rating
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Following the postponement by Lithuania of the biggest Fintech Inn conference in the region to 28-29 April 2021 due to the Covid-19 virus pandemic, the organisers are proposing an alternative  Fintech Week Lithuania conference in the virtual space. A free four-day virtual event will bring together Fintech experts from Lithuania and beyond on 15–18 June of the current year.

‘In the context of great uncertainty about the future, more and more people are looking for expert insights and meaningful discussions. Therefore, we want this event to fill the lack resulting from the postponement of Fintech Inn and other conferences. The chosen format of the event will allow to share the latest knowledge in a rapidly changing field, at the same time will provide an opportunity to develop new and valuable business acquaintances and will open up another opportunity for Lithuania to shine as a global financial technology centre’, – says Vaiva Amulė, Head of Fintech LT Project Manager of the Agency for Science, Innovation and Technology (MITA).

The virtual event will invite you to discuss how future technological progress will change financial services and people’s habits; the speakers of the event include Joseph Weinberg, Advisor to the OECD and FATF and founder of the Shyft Network startup, which is based on technology,  Kadeem Clarke, Investment Manager of the MarketX Ventures risk capital fund, RampRate founder and CEO Tony Greenberg and Prof. Dr. Phiilipp Sander, one of the best economists in Germany who is on the ‘Top 40 under 40’ list, cryptography expert Ian Grigg and directors of the EBRD and companies like Railsbank, 11:FS, DG Connect, Contis, Mambu.

Future Finance

This time period has revealed that e-commerce and related digital payments are critical in today’s society, therefore, during the conference, particular attention will be paid to financial market developments during the Covid-19 pandemic and search for new opportunities.

Another key theme is adapting to the increasingly stricter regulatory environment and the use of technologies to manage compliance with the applicable legal acts, like the Law on the Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania or the implementation of the ‘Know Your Client’ principle.

One of the most important business priorities these days is cyber security, the need of which is appreciated by more and more companies. In the virtual FinTech Week Lithuania conference May Michelson, expert from Israel representing GK8 company, Malte Pollmann from Ultimaco, Germany, and others will discuss this issue.

Both the crisis and the digitalisation of many fields is forcing companies and people to adapt and find ways to remain active in the market. This requires continuous learning and knowledge updating; this issue will be touched upon by representatives from various universities and Shilpa Arora, Director for Europe, Middle East and Afrika from ACAMS, the global Association of Certified Anti-Money Laundering Professionals.

Start-ups, which now need to attract new investments, conquer new markets or focus on improving sustainability, will not be forgotten as well. They will be able to participate in workshops, introduce themselves to potential investors, hear the advice and suggestions from American and European investors and take part in a virtual exhibition. On 16 June, the organisers of the conference will invite startups to compete in four categories: the biggest business changes (Fantastic Pivot), growth during the crisis, the winning partnerships and the discovery of new markets.

Interactivity

The conference, which will be held on the Onvent platform, will have all the attributes of events taking place under normal conditions. The participants will be able to listen to reports and discussions, establish new acquaintances in a special virtual space and participate in a virtual exhibition. Besides, workshops and trainings will take place during the event from e-commerce to cyber security.

Lithuanian Fintech Awards

Finally, the conference will be crowned with the Lithuanian Fintech Awards, dedicated to praise the most prominent Lithuanian financial technology companies and personalities. The nominations include prizes for the best initiative to combat the Covid-19 pandemic, the financial technology leader and the rising star. Candidacies for these and other nominations are still open.

‘The Lithuanian Fintech Awards, organised for the first time, will seek to identify Fintech companies and specialists who are leading in their fields and who significantly contribute to the development of the national financial technology sector and ecosystem. FinTech community in Lithuania stands out for active and innovative ideas, and 10 different award categories will be dedicated to highlight the best achievements in 2019–2020’, says Šarūnė Smalakytė, Head of the  Financial Technology and Innovation Centre ROCKIT.

The Fintech Week Lithuania’s virtual conference is organised by the MITA, the financial technology and innovation centre Rockit, Fintech Lithuania and Fintech Hub LT associations as well as start-up accelerators Baltic Sandbox and Startup Wise Guys.