Kaunas Latest News (Lithuania)

AI retail technology startup ScanWatch attracted €0.5M in investments, with technology company Agmis and smart retail security solutions provider Neto Baltic leading the round.

A leading Baltic frozen and convenience food producer Mantinga introduced Computer Vision powered solution to ensure PPE compliance.

When Lithuanian men's handball team steps on the court at Avia Solutions Group arena in Vilnius on Thursday night, the eyes of the audiennce will focus not only on the teams but also on rather unconventional advertising sticker.

The two tech enterprises have teamed up to provide innovative, cost-effective identity verification services to make online transactions more secure.

Market Size – USD 509.52 Billion in 2019, Market Growth – CAGR of 4.9%, Market Trends– Mergers and acquisitions are established among key players to expand their market in various regions.

Payment provider, Verifo announced a new partnership with iDenfy to deploy its identity verification with facial recognition.

The platform helped to reduce cashier idle time by 57.66%, equaling to more than 2.5 man hours per store per day. The software also prevented 237 queue forming incidents, saving an average of 2.25 hours in customer wait time per day.

Export development agency "Enterprise Lithuania" indicates that due to COVID-19 pandemic Lithuanian exports of services could shrink by 10 to 25 percent.