For FinTechs, this eliminates the need for intermediaries, placing innovative firms that choose to enter the market on equal footing with the established players, thus boosting competition in the financial sector. Going further, Lithuania boasts one of the quickest and most cost-competitive FinTech licencing regimes across Europe, coupled with a broad choice of business models – from e-money and payments institutions to specialized banks.
These integration steps were of great significance for our continent; they supported the political and economic stability of Europe, increasing security and welfare for every citizen and strengthening Europe's role in the world. Hence I am firmly convinced that a diligently prepared enlargement of the EU will go down in European history as a very positive step toward integration.