
Revolut is one step closer to a UK Banking License and Monzo is up for its second attempt in the US
Good morning FinTech Fanatic!
Today, I have a lot of digital banking news for you: First, Revolut has resolved an ownership structure issue with its largest investor, SoftBank, marking progress towards securing a long-pending UK banking license.
The Bank of England (BoE) demanded that Revolut simplify its share structure, collapsing