Revolut finally receives UK banking licence after three-year wait
by Kalyeena Makortoff Banking correspondent from on (#6PFJ1)
Move paves way for fintech firm to hold customers' deposits and offer own-branded loans, including mortgages
Revolut has secured a UK banking licence - with restrictions" - more than three years after Britain's most valuable fintech firm lodged its application with regulators.
It is a milestone for the company, and will help pave the way for an eventual stock market listing, but it may still be some time before it can hold its customers' deposits.
Continue reading...