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Paving the Path to UK Banking License: Revolut Strikes Deal with SoftBank
Revolut has entered into an agreement with its largest investor, SoftBank, to simplify the fintech's ownership structure, paving the obstacles towards obtaining a banking license in the United Kingdom, Financial Times reported.UK Baning Lincese in SightThe London-headquartered fintech applied for the UK banking license in 2021. However, despite the long delay, there is no sign for the fintech to receive the much-anticipated license. Although Revolut operates in the European Union with a Lithuani...
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Posted: Oct 4 2023, 07:45
Author Name: financemagnates
Views: 112358