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Revolut Looking to Secure UK Banking License

Revolut Looking to Secure UK Banking License

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EuropeFintechNews Roundup
··1 min read

UK based digital only bank Revolut is now looking to secure a UK banking license with Brexit forcing the country to leave the EU; last month Revolut announced they would be shifting its payment regulatory responsibilities to Ireland and Lithuania ahead of an anticipated loss of passporting rights when the UK leaves the EU; Revolut hopes they can get the license by the end of the year, the move would allow them to hold deposits and increase their ability to lend which up until now they have done through fellow fintech LendingWorks; AltFi says the company has yet to start the formal process. Altfi

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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