Giving fintech companies access to global banking with 5 lines of code.
Railsbank is a Banking As A Service (Baas) platform with embedded compliance firewall technology, that connects together finTech companies and a global network of small-mid sized banks to give finTech companies “access to global banking in 5 lines of code”. Think of "Stripe for banking".
The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to "serious,
The Bank of Lithuania said it will start bankruptcy proceedings against Payrnet and intends to ask authorities to investigate possible criminal offenses.