COBALT advised UAB Kevin EU on expanding payment institution license. From now on, the company will also be able to provide payment initiation and account information services.
UAB Kevin EU is a licensed payment institution focused on solutions based on the PSD2 directive with a vision to become a link between banks, customers and FinTech companies. UAB Kevin EU is also closely cooperating with the Baltic Institute of Advanced Technology on financial behaviour analysis and anti-money laundering / fraud prevention solutions.
COBALT team advised UAB Kevin EU on all issues related to expanding the license, represented the company at the Bank of Lithuania. The team was led by Senior Associate Justina Milašauskienė and Associate Justina Aužbikavičienė.