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Revolut lets customers switch to Revolut Bank in 10 additional countries

TechCrunch

Fintech startup Revolut has its own banking license in the European Union since late 2018. The Bank of Lithuania has granted a specialized license — it isn’t a full-fledged license per se, as it focuses on some activities. The company recently announced that it was also applying for a banking license in the U.K.,

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Revolut reports first full year of profit

TechCrunch

While Revolut has yet to obtain a banking license in the U.K. its home country), the company now has a full banking license in Lithuania. It can use this license across the European Economic Area through passporting rules , which means that Revolut could be considered as a bank in Europe. “We

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Flagright offers transaction monitoring with usage-based pricing

TechCrunch

“I used to run the product team at a fintech startup in Lithuania, and one of my responsibilities was compliance and fraud prevention,” Ozkan said in an email interview. You simply integrate, click ‘Activate,’ and it works.” ” Flagright has raised a total of $3.2

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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore. Lithuania’s life sciences sector is gaining prominence. But what are the locals excited about on the ground?

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

Our data licensing and API with X is an incredible business. The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music. Follow @x for updates.”

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Americans still believe they live in a compassionate country, report shows

Fast Company Tech

As the granddaughter of immigrants from Lithuania and Poland who spoke little English, I understand what its like to be treated as a stranger in America. It approximates the degree to which Americans give their time and money to programs and activities that nurture and strengthen their communities. Compassion comes easily to me.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

August 1, 2023 China requires AI apps to obtain an administrative license Multiple generative AI apps have been removed from Apple’s China App Store ahead of the country’s latest generative AI regulations that are set to take effect August 15. “As Browsing is available on both the iOS and Android ChatGPT apps.

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