We are willing to host a high-level FinTech forum for Central and Eastern European countries and China. I would be glad indeed to see your delegation next year in our capital Vilnius. The potential of financial innovation In terms of FinTech’s potential, I would underline three of its benefits that I find key.
First, novel financial technologies may boost growth by providing additional credit sources, especially for small and medium enterprises and households. It is estimated that by 2024 the global peer-topeer market will be worth nearly USD 900 billion – growing by around 50% annually. An impressive trend, indicating the scale of opportunities that alternative funding sources hold. Second, FinTech may help increase financial inclusion.