What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’

Gerhard Kling; Aravinda Guntupalli

What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’

Research output: Contribution to specialist publication › Newspaper

Abstract

Last year, the CEO of financial technology (fintech) company Revolut added a UK banking license to his 2022 Christmas wish list, telling startup news outlet Sifted: “I would love to have it as a Christmas present. A present for me personally and for the business.”

But it’s nearly Christmas 2023 and Revolut still hasn’t secured the right to take deposits from the UK customers – the main benefit to the company of getting a UK license.

Original language	English
Specialist publication	The Conversation
Publication status	Published - 30 Oct 2023

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https://theconversation.com/what-revoluts-attempt-to-secure-a-uk-banking-licence-could-mean-for-its-current-customers-and-for-the-unbanked-215196Licence: CC BY-ND

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What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’

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