Tag: licence
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Revolut wins full UK banking licence, as finally exits mobilisation phase
Revolut has been awarded a full UK banking licence, after regulators lifted restrictions on the UK challenger bank, which had lasted for an extended time. Revolut, valued at $75bn,today said it had received regulatory approval from the Bank of England’s Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in read more
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Revolut makes fresh bid for US banking licence
Revolut is making a fresh attempt to secure a US banking licence, it said today, as itscaled up its ambitions on the US market. Revolut, valued at $75bn, hailed the filingfor the US bank charter with theUS Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation as a “major milestone”. It comes read more
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Monzo wins European banking licence, as investors agitate for CEO return
Monzo has been given the green lightto expand across Europe, after winning a banking licence. The UK digital bank announced today that it has secured a European banking licence. The winning of the licence comes amid reports that well-known Monzo shareholders are agitating to reinstate the Monzo CEO and push out the Monzo chair. Monzo read more
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Zilch bags payments licence
Zilch, the UK BNPL fintech, has received a licence which it says willremove its reliance on third parties and allow it to build more payment methods in-house. Zilch, which is backed by Goldman Sachs and eBay, also said it had strengthened its ties with Visa, which earlier this year replaced Mastercard as Zilch’s card network read more
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