Revolut yet to receive key credit licence from UK regulators

Revolut yet to receive key credit licence from UK regulators

Permission to offer credit cards to 11mn British customers still pending as fintech nears 1st anniversary of becoming a bank

Revolut launches ETF offering

Revolut has launched a UK-listed Exchange-Traded Funds (ETFs) offering as part of a suite of new investment product launches. The fintech will now offer investment opportunities in UK, European and US companies, from £1. Users will be able to diversify their holdings and gain exposure across a range of sectors and geographies to manage and build their investment portfolios. The new investment features will be fully integrated into its everyday a…

Exclusive: Revolut banking license in doubt as deadline set to slip

Revolut is facing a fresh regulatory headache in the UK amid growing concerns it may miss a crucial deadline to become a fully operational bank. The digital banking juggernaut received the green light for its UK banking license from Britain’s banking watchdog last year after a three-year wait, which triggered a 12-month “mobilisation” stage before full authorisation is granted. But insiders have raised concerns that the firm may not be on track …

Revolut Still Waiting on OK to Offer UK Credit Cards

Revolut is still reportedly waiting for permission to offer credit services in the U.K. [contact-form-7] That’s according to a report Monday (July 7) by the Financial Times (FT), which notes that this is the latest in a series of roadblocks on the company’s journey to become a full-service bank in its home country of Great Britain. Sources told the FT that Revolut is still waiting for authorization from the Bank of England’s Prudential …

NEWS: Revolut has not received UK permission for consumer credit services as 12-month deadline closes in - AML Intelligence

By AML Intelligence Correspondents REVOLUT has still not received permission from UK financial regulators to provide consumer credit services to its 11mn customers in Britain. The delay marks the latest hurdle for the $45bn fintech to become a full-service UK bank. The fintech requires authorisation from the Bank of England’s Prudential Regulation Authority and the […]