British Fintech Revolut Granted Banking License in Mexico
20 Articles
20 Articles
The British Fintech obtains with the authorization that its clients are supported by IPAB
British fintech Revolut granted banking license in Mexico
UK-based financial technology company Revolut has received formal authorization from the National Banking and Securities Commission to begin operating as a bank in Mexico. The authorization follows the initial approval granted by regulators in April 2024, making Revolut the first independent digital bank to successfully complete the licensing and approval process from scratch in Mexico. “We’re going to launch in a matter of weeks and will open …
Revolut’s Colombian Bet: A Small Step With Big Consequences For Latin America
Revolut has cleared the first hurdle to open a full bank in Colombia. The British fintech won authorization to establish “Revolut Bank Colombia S.A.” — the first of two approvals it needs before taking deposits and issuing cards. The company has earmarked roughly COP 146 billion (about €32 million) to build local systems and staff, […]
After 18 months of processes and system reviews, the Revolution digital bank received authorization for the start-up of operations by the National Banking and Securities Commission (CNBV).The CNBV (which removed the license from CIBanco) granted Revult the authorization to establish itself as a multi-bank institution in April 2024.After months of work, fintech received ‘green light’ to start with its banking operations on Friday, October 17.What…
Revolution closes ranks to start operating in Mexico. The neobank has just received final authorization from the National Banking and Securities Commission (CNBV) to start operations as a multi-bank institution in the Aztec country. This is the last regulatory step required before the bank launches publicly, they explain in a statement. The bitan group obtained banking license last year, but could not start operations without this step. Counting…
Revolut Cleared to Kick Off Banking Operations in Mexico
Revolut Ltd was cleared to start its banking operation in Mexico, heating up the fintech race with Nu Holdings Ltd and MercadoLibre Inc in Latin America as it receives its second regulatory green light in the region this month.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium