Finance Breaking news Revolut applies for US banking licence last financial news

Breaking-Finance.Com - Continuingg its quest for global growth, Revolut has filed a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation.

Finance Breaking news Revolut applies for US banking licence last financial news

Breaking-Finance.Com - Continuingg its quest for global growth, Revolut has filed a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation.

Finance Breaking news Revolut applies for US banking licence last financial news
22 March 2021 - 14:45

Breaking-Finance.Com - Continuingg its quest for global growth, Revolut has filed a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation. The move follows Revolut's recent decision to exit the Canadian banking market, after a two-year beta trial without a banking licence failed to make a dent in the dominance of the Big Four incumbent banks.Revolut currently offers financial services in the US through a relationship with FDIC-insured Metropolitan Commercial Bank. The firm says having its own bank charter would enable it to offer a broader range of products, including overdraft protection, loans and deposit accounts.

. “We’re on a mission to build the world’s first global financial superapp, and pursuing a US banking licence is an integral part of the journey.”Since launching in the UK in 2015, Rveolut has amassed more than 13 million retail customers. The company currently holds an EU banking licence, and in January kick-started the process to obtain a banking licence in the UK following the UK's exit from the European Union.

Source = Breaking-Finance.Com

Financial breaking news

This news 26 hits received.

Finance Breaking news Revolut applies for US banking licence last financial news


Finance Breaking news Revolut applies for US banking licence last financial news


Finance Breaking news Revolut applies for US banking licence last financial news


Finance Breaking news Revolut applies for US banking licence last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Apple lets couples co-own card to build credit together last financial news
Finance Breaking news Apple lets couples co-own card to build credit...
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in Tifin last financial news
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in...