CHALLENGE #1: REGTECH
CHALLENGE: WHAT TECHNOLOGICAL SOLUTION WOULD ALLOW THE BANK OF LITHUANIA TO AUTOMATICALLY OBTAIN THE DATA FROM MARKET PARTICIPANTS NECESSARY FOR SUPERVISION?
All financial market participants have an obligation to report to the Bank of Lithuania on their activities. Currently, payment service providers (banks, credit unions, other credit institutions, electronic money and payment institutions) have to submit statistical reports; in addition electronic money institutions and payment institutions have to submit reports to supervision respectively. In order to generate a report, a financial market participant must prepare its systems so that they aggregate the data according to the requirements of the specific reports. Such reports often are produced manually. The process requires a lot of time and resources. In order to reduce the administrative burden, the Bank of Lithuania is looking for an innovative solution that will allow it to obtain the necessary data and automatically aggregate it to reports.
The solution would be mutually beneficial - a financial market participant would no longer need to adapt its systems to the reporting requirements and collect the data manually; the Bank of Lithuania would automatically receive the data and aggregate it to the required reports on its end. This would avoid errors, delays and different treatment of compliance requirements.
A technological solution should allow the Bank of Lithuania to obtain structured micro-level data and automatically transfer it to the required reports, including the solution on accessing data in a specified format or manner.
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CHALLENGE #2: CULTURE
CHALLENGE: HOW TO USE THE NEWEST, INNOVATIVE TECHNOLOGIES TO COLLECT, STORE AND SHARE DATA FROM THE “KAUNAS – EUROPEAN CAPITAL OF CULTURE 2022” PROJECT?
THE CHALLENGE IS NOW CLOSED
In 2022, Kaunas and Kaunas district will be Europe’s cultural capital. That year, the project’s team members and partners plan to present over 300 cultural events to international and Lithuanian audiences. Monitoring the results of the project is an important part of the European Cultural Capital initiative. Our goal is to find a way to employ technological tools to measure the impact of European Cultural Capital events on the city and to get the most accurate picture possible, saving human resources needed for data collection and processing.
The solution needs to address one or more of the following questions:
how to trace and visualise data collected from various events, festivals, workshops, art residencies, partnerships and other projects of the Kaunas 2022 culture project;
how to collect the number of people attending events, volunteering and interacting with Kaunas 2022. This data should retain ability to be filtered based on age, gender, nationality, etc;
how to calculate the reach of the Kaunas 2022 project on an individual and organisational level.
Kaunas 2022 also looks for innovative ways and technologies how to measure the economic, cultural and social impact the Kaunas 2022 project has on the city of Kaunas and surrounding region.
For this challenge the Kaunas 2022 project has a preliminary budget of 10,000 EUR per year (until 2023), with the option of selling the created tool to future European Capitals of Culture.
Presentation from the Workshop Day: Kaunas 2022
CHALLENGE #3: ENERGYTECH
CHALLENGE: HOW TO MAP ALL ELECTRICITY AND GAS INFRASTRUCTURE PROTECTION ZONES?
THE CHALLENGE IS NOW CLOSED
Regarding to the new Law of Special Land Use Conditions of the Republic of Lithuania Ignitis group (previously known as Lietuvos Energija Group) will be under the obligation to register all the protection zones of the existing engineering infrastructure in the Real Estate Register. The ESO network alone accounts for more than 130,000 km, covering over 1 million plots. To complete this task using traditional methods (hiring surveyors) would require an enormous amount of resources and would not be possible to complete within the statutory deadline.
Ignitis group (previously known as Lietuvos Energija Group) has already started the analysis phase and invites all to look for the most effective solution.
The solution should suggest how to solve these tasks (or one of them):
DATA QUALITY. Automatically check the already existing information (which ESO assets are already registered at the Centre of Registers);
SYSTEMS INTEGRATION. Currently all the data is located in different IT systems. These systems have to be linked properly and be able to exchange information effectively.
PROCESS. Inform landowners about registered protection zones in the Centre of Registers.
Project involves different stakeholders- ESO, Centre of Registers, National Land Service, land surveyors, contractors, Ministries, etc. The process has to ensure high quality and be cost-effective.
Presentation from the Workshop Day: Lithuania Energy Group