banking license

Revolut Finally Lands British Banking License 
Revolut Finally Lands British Banking License 
July 25, 2024  |  Digital Banking

After a three-year wait, Revolut has secured a banking license in its home country. The British FinTech announced Thursday (July 25) that it had been...

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MercadoLibre Joins Discussions to Apply for Mexican Banking License
MercadoLibre Joins Discussions to Apply for Mexican Banking License
May 21, 2024  |  Banking

MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators...

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Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut Invests $100 Million in Mexico as Remittances Jump
April 18, 2024  |  Digital Banking

Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said...

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Revolut’s Size Draws Regulatory Attention in UK Banking License Process
Revolut’s Size Draws Regulatory Attention in UK Banking License Process
October 22, 2023  |  Bank Regulation

Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays...

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Revolut’s Global Retail Customer Base Tops 30 Million
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023  |  Digital Banking

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1),...

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Today In Payments: COVID-19 Triggers Job Losses; JPMC First Big Bank To Shutter Branches As Virus Spreads
Today In Payments: COVID-19 Triggers Job Losses; JPMC First Big Bank To Shutter Branches As...
March 19, 2020  |  News

In today’s top news, due to the coronavirus, over 3,600 workers have lost their jobs and JPMC has temporarily closed 1,000 branches. Also, Square won...

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EU Bank License To Boost Banking Circle Expansion
EU Bank License To Boost Banking Circle Expansion
February 27, 2020  |  Banking

Banking Circle is now licensed to do banking in Luxembourg after the Commission de Surveillance du Secteur Financier (CSSF) granted the license. The company has been making...

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N26 Exits UK Post Brexit
N26 Exits UK Post Brexit
February 11, 2020  |  Brexit

FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend...

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UK FinTech Seeks License To Bank Crypto Firms
UK FinTech Seeks License To Bank Crypto Firms
February 10, 2020  |  B2B Payments

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday...

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