Head of Division, E-Money & Payments Institutions Supervision Bank of Lithuania
Rūta is a Head of Division for E-money and Payment institution supervision at Bank of Lithuania, responsible for supervising over 100 E-money and Payment institutions. She has professional legal qualifications as an attorney-at law and for the past 10 years has been working both in private sector and financial sector’s supervision in the AML, payments, open-banking, lending, crowdfunding, investment services and transposition of EU Directives such as PAD, PSD2 and AMLD4. Previously, she took part in developing the regulatory framework for the fintech industry in Lithuania as a member of inter-institutional working group for the Action Plan on FinTech industry. She also managed the ‘newcomer programme’ for consultations with potential and already licensed entities and led the Regulatory Sandbox in the Bank of Lithuania allowing entities to test financial innovations in a live environment under the guidance and supervision of the Bank of Lithuania.