article thumbnail

Revolut lets customers switch to Revolut Bank in 10 additional countries

TechCrunch

The Bank of Lithuania has granted a specialized license — it isn’t a full-fledged license per se, as it focuses on some activities. Right now, Revolut takes advantage of its banking license in two countries — Poland and Lithuania. Revolut gets European banking license in Lithuania.

Lithuania 103
article thumbnail

Revolut applies for UK banking license

TechCrunch

The Bank of Lithuania has granted a license and the company is taking advantage of European passporting rules to operate in other European countries. Revolut gets European banking license in Lithuania. Revolut already has a banking license in the European Union. It is slowly starting to offer its own banking products in Europe.

License 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Samsung Galaxy Watch 3’s EKG feature is coming to 31 new countries

The Verge

Samsung says the app was granted a CE marking in December, which means that it complies with applicable regulations in Europe and can be offered in the European Economic Area. It will also be available in Chile, Indonesia, and the United Arab Emirates soon.

article thumbnail

Revolut applies for bank charter in the US

TechCrunch

The discussions are still ongoing, which means it could take a while before the authorities grant a charter to the company. In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. as an independent bank. After obtaining a charter in the U.S.,

article thumbnail

Revolut reports first full year of profit

TechCrunch

its home country), the company now has a full banking license in Lithuania. In 2021 we were granted a full banking licence from the European Central Bank and welcomed millions of new customers. Revolut’s core product is an account to send, hold and receive money combined with a payment card.

Profit 93
article thumbnail

Despite remote work and the economic downturn, some companies look to London for expansion

TechCrunch

Proton , the Swiss company behind encrypted email service ProtonMail , already has hubs across its native Switzerland, Lithuania, North Macedonia, and Taiwan. So why are some companies thumbing their noses at all of this, and opening shiny new offices instead? Financial independence.

article thumbnail

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

TechCrunch

March 23, 2023 OpenAI connects ChatGPT to the internet OpenAI launched plugins for ChatGPT, extending the bot’s functionality by granting it access to third-party knowledge sources and databases, including the web. Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

API 82