Revolut wins long-awaited UK banking license from watchdog | Bank Automation News

Revolut Ltd. said it received a British banking license from regulators, a move that allows the fintech firm to better challenge traditional banking giants such as Barclays Plc and HSBC Holdings Plc. The Prudential Regulation Authority authorized the permit, though it comes with some restrictions, a common step for many new banks in the UK, according to […]