The Model is answering one practical question:

how can risk management evolve together with business growth instead of becoming a compliance burden?

Led by Vilma Nasteckienė, PhD, the model was co-created under the initiative of Lietuvos bankas (Bank of Lithuania) together with fintech founders, CEOs, board members, risk professionals, the Lithuanian Fintech Association, and independent expertise.

Built on real market practices, scientific research, and open discussion of operational realities, the model connects risk maturity with business lifecycle, growth ambition, and organisational complexity. It helps companies see whether risk practice is keeping pace with business ambition — or quietly turning into tomorrow’s bottleneck.

The step-by-step self-assessment below helps look at your current risk maturity from different perspectives and make risk visible before it becomes a burden.

Business Lifecycle-based Risk Maturity Model