Wise mulls UK banking licence after ditching London listing

Wise mulls UK banking licence as it expands global payment network

Wise is considering applying for a banking licence in the UK as it builds out infrastructure for a globally connected money movement network. According to The Times, the company has reached out to financial services experts over the past two months regarding roles related to starting a banking business in the UK. Plans are understood to be at an early stage. Wise is already an RTGS clearing member of the UK’s high-value payment network, Chaps. A…

Wise Considers Becoming a Bank in UK

Payments company Wise, originally called TransferWise, is reportedly weighing becoming a full-fledged bank in the United Kingdom.

Wise Considers UK Banking Licence While Pursuing US Trust Bank Approval

Wise is considering applying for a banking licence in the United Kingdom. According to The Times, the company has approached senior figures in the financial sector in recent months regarding roles linked to a potential banking business.Meanwhile, Wise has applied to the U.S. Office of the Comptroller of the Currency for approval to establish a national trust bank in Austin, Texas. If approved, this would allow the firm to settle U.S. dollar tran…

Wise mulls UK banking licence after ditching London listing

Money transfer firm Wise is looking into a UK banking license following the fintech ditching its primary listing on the London stock market earlier this year. The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the UK, according to The Times. Plans are understood to be at a very early stage with no formal application having taken place. The move would fol…