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.
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 |
| Publisher | The Conversation UK |
| Publication status | Published - 30 Oct 2023 |
Keywords
- FCA
- UK banking
- Fintech
- Revolut
- Challenger banks
- Financial regulations
- Give me perspective
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