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London-based fintech receives approval from regulators in boost to expansion plans

Channel News Asia

Singapore

Revolut gets UK banking licence, ending three-year wait

The licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages

Media Bias/Fact Check

Daily Express

Reach plc

United Kingdom

Revolut secures UK banking licence after three-year wait

LONDON :British fintech Revolut said on Thursday it had received a UK banking licence with restrictions from the Prudential Regulation Authority, ending a three-year wait. The authorisation brings the global fintech firm with more than nine million UK customers closer to full licensed operations in Britain.

Government of Singapore

Ad Fontes Media

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CNBC

Roberts family

United States

Revolut clinches UK banking license, ending three-year wait

Online bank Revolut said today it had received a UK banking licence with restrictions from the Prudential Regulation Authority, ending a three-year wait.

RTÉ

Government of Ireland

Ireland

Revolut has secured a UK banking licence, marking the end of the fintech giant’s three-year wait for approval to operate as a bank in its home market.

Shropshire Star

MNA Media

Ketley

Shropshire

England

A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages.

Evening Standard

Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

London

Greater London

Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Revolut Wins Long-Awaited British Banking License From Watchdog

Revolut announced on Thursday that it has received a banking license in the UK from the Prudential Regulation Authority (PRA), an institution that regulates the banking sector in the UK.

Revolut a anunțat joi că a primit licența bancară în Regatul Unit de la Autoritatea de Supraveghere Prudențială (PRA), instituție care reglementează sectorul bancar în UK.

Revolut a primit licența bancară în Regatul Unit, după trei ani de așteptare

Adevarul

Romania

LONDON (Reuters) -British fintech Revolut said on Thursday it had received a UK banking licence with restrictions from the Prudential Regulation Authority, ending a three-year wait. The authorisation brings the global fintech firm with more than nine million UK customers closer to full licensed operations in Britain. Revolut said it had now entered the “mobilisation” stage, sometimes referred to as “Authorisation with Restrictions.” Francesca Ca…

WTVB

Midwest Communications

This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.

Revolut secures UK banking licence after 3-year wait Financial Times

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