Bank of Lithuania

🏛️

Jurisdiction

Lithuania

📋

Regulations

Open Banking frameworks

🌍

Region

🔗

Type

NCA

National Competent Authority

About Bank of Lithuania

The Bank of Lithuania is the primary financial regulatory authority in Lithuania responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 11 September 2019, the Lithuanian regulator announced a temporary enforcement extension for Lithuanian cards. Banks will need to contact the regulator directly to secure this delay. They expect to have additional guidance on the exact enforcement timeline from the European Banking Authority towards the end of September.

Jurisdiction

Lithuania

View Open Banking providers, banks, and TPPs in Lithuania

Regulations Overseen

Bank of Lithuania is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

PSD2

Active

Payment Services Directive 2

The revised Payment Services Directive requires banks to provide account access to licensed third-party providers (TPPs) via secure APIs. It introduce...

PSD3

Upcoming

Payment Services Directive 3

The proposed third Payment Services Directive aims to address shortcomings of PSD2, improve API performance standards, enhance fraud prevention, and e...

FIDA

Upcoming

Financial Data Access Regulation

FIDA extends open banking principles beyond payment accounts to a wider range of financial products including mortgages, loans, savings, investments, ...