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myTU
Founded in 2019, myTU is revolutionizing the banking experience for consumers and businesses with an innovative, AI-powered model supported by cutting-edge cloud technology. As the first banking platform built on Google Cloud, myTU utilizes Google’s Flutter for seamless front-end development and Cloud Spanner for secure, scalable data management.
Central to myTU’s operations is the use of advanced technologies such as Vertex AI and Gemini AI to optimize essential processes like customer due diligence, identity verification, anti-money laundering (AML) checks, and risk scoring, ensuring both compliance and operational efficiency.
myTU is fully licensed as an Electronic Money Institution (EMI) by the Bank of Lithuania, enabling it to operate across all EU/EEA countries. In addition, myTU holds acquiring licenses from both VISA and Mastercard, positioning it as a Principal Member of both networks. This enables the company to offer global payment solutions and provides access to Visa Direct and Mastercard Send for fast, secure money transfers.
Authorized as a Consumer Credit Provider, myTU is developing accessible credit solutions supporting financial inclusivity. The company is also an active participant in the SEPA payment network (SEPA Inst and SEPA SCT), ensuring seamless European transactions. To further enhance user convenience, myTU has integrated Google Pay and Apple Pay for smooth mobile payments.
By blending regulatory compliance, cutting-edge technology, and a customer-first approach, myTU is redefining modern banking - empowering individuals and businesses with the tools for growth, security, and ease.
Central to myTU’s operations is the use of advanced technologies such as Vertex AI and Gemini AI to optimize essential processes like customer due diligence, identity verification, anti-money laundering (AML) checks, and risk scoring, ensuring both compliance and operational efficiency.
myTU is fully licensed as an Electronic Money Institution (EMI) by the Bank of Lithuania, enabling it to operate across all EU/EEA countries. In addition, myTU holds acquiring licenses from both VISA and Mastercard, positioning it as a Principal Member of both networks. This enables the company to offer global payment solutions and provides access to Visa Direct and Mastercard Send for fast, secure money transfers.
Authorized as a Consumer Credit Provider, myTU is developing accessible credit solutions supporting financial inclusivity. The company is also an active participant in the SEPA payment network (SEPA Inst and SEPA SCT), ensuring seamless European transactions. To further enhance user convenience, myTU has integrated Google Pay and Apple Pay for smooth mobile payments.
By blending regulatory compliance, cutting-edge technology, and a customer-first approach, myTU is redefining modern banking - empowering individuals and businesses with the tools for growth, security, and ease.