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Revolut wins conditional US banking license

Source: reuters.com

FintechRegulation & LegislationBanking & LiquidityCompany Fundamentals
Revolut wins conditional US banking license

Revolut said the U.S. Office of the Comptroller of the Currency granted it conditional approval for a national bank charter, a major step toward launching a full American bank by 2027. The approval reduces regulatory friction for its U.S. banking ambitions and supports a potential expansion of deposit-taking and banking products. Overall, the news is constructive for Revolut’s growth outlook and competitive positioning in U.S. financial services.

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