At Fintech Day 2024, we had the opportunity to speak with Akvile Jurkaityte, Fintech Associate at Sorainen, to gather her insights and impressions of the event. Akvile highlighted the remarkable growth of the event compared to the previous year, emphasizing the diversity of topics covered, ranging from sustainability to artificial intelligence and payments. She expressed enthusiasm for the collaborations between fintechs and banks, noting the increasing integration of advanced technologies like AI and blockchain into financial services.
Akvile stressed the importance of implementing innovation securely and responsibly, considering the implications for businesses, consumers, and compliance. From a legal standpoint, Akvile discussed the evolving relationship between fintechs and banks, moving from competition to collaboration. She advised fintechs to learn from the regulatory and compliance experience of traditional banks while also bringing innovative solutions to the table. She underscored the mutual benefits of this partnership, particularly in areas like anti-money laundering (AML) and fraud prevention.
Akvile also encouraged exploration of the fintech scene in the Baltic region, pointing out the unique strengths and focuses of Lithuania, Latvia, and Estonia. She mentioned Latvia’s ambition to become a crypto hub and Estonia’s advanced regulatory environment, suggesting that these diverse ecosystems offer numerous opportunities for fintech businesses. Our conversation with Akvile Jurkaityte at Fintech Day 2024 provided valuable insights into the dynamic collaborations shaping the future of finance and the unique fintech landscape of the Baltic region.
