Wire flash
FinanceRevolut secures provisional US banking licence
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Revolut, the global financial technology company, has secured a provisional US banking licence, marking a significant step in its expansion into the American market. The licence, granted by US regulators, allows Revolut to offer banking services to customers in the United States on a provisional basis. This development positions Revolut to compete more directly with traditional US banks and other digital banking platforms. The news was reported by the Financial Times, highlighting the company's progress in navigating the complex US regulatory environment. The provisional licence is a key milestone for Revolut as it seeks to grow its presence in one of the world's largest financial markets.
Source report
Revolut has been granted a provisional banking licence in the United States, marking a significant step in the company's expansion into the American market.
The licence, issued by the Office of the Comptroller of the Currency (OCC), allows the London-based fintech firm to operate as a bank in the US, subject to final regulatory approval.
This development positions Revolut to offer a broader range of financial services to US customers, including deposit accounts and lending products, as it seeks to compete with traditional banks and other digital financial platforms.
For further details, see the original report: Revolut wins provisional US banking licence.
Source
FTWestern
Part of this Story
Revolut receives conditional OCC approval for US national bank charter, targets 2027 launch