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Monday, June 23, 2025
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Tag: Ifind

Lithuanian compliance issue or why GlobalNetInt is grateful for its penalization

A penalty is usually not an occasion for gratitude. That would also make the purpose of a punishment absurd. Usually, one is grateful for a received punishment only if one is aware that one has gotten away well with this punishment and should actually have been punished much worse. A driver who is speeding while massively impaired by alcohol or other drugs certainly grateful is grateful if he is punished by the police only for speeding and not for the offense of driving under the influence (DUI). Similarly, GlobalNetInt (GNI) shows itself grateful for the penalization by the Bank of Lithuania.

Lithuanian Compliance Issue – Findiban website switched into maintenance mode

The Lithuanian Liudvikas Kulikauskas is the co-founder, CEO, and shareholder of GlobalNetInt (GNI), an e-Money Institution regulated by the Bank of Lithuania. Additionally, he and his wife Egle Kulikauskiene launched the payment processor Ifind MB d/b/a Findiban, which was apparently positioned as a high-risk payment processor, offering businesses a range of financial services, including SEPA IBAN account, white-label FinTech services, or credit card processing. Currently, the Findiban website is in maintenance mode and hence down.

GlobalNetInt CEO launched new financial services venture Findiban

Liudvikas Kulikauskas, founder, CEO, and shareholder of GlobalNetInt UAB (GNI), an e-Money Institution (EMI) regulated by the Bank of Lithuania with authorization code LB000434, has founded a payment processor Ifind MB d/b/a Findiban (www.findiban.com), together with his wife, Egle Kulikauskiene. The company is apparently positioned as a high-risk payment processor, offering businesses a range of financial services, including SEPA IBAN account, white-label FinTech services, or credit card processing.