The Canary Wharf-based business, which first applied for a licence back in 2021, received confirmation of the verdict from the UK’s Prudential Regulatory Authority, allowing the company to offer a range of new financial services to compete with the biggest high street banks.
The $45 billion firm said it will now enter the “mobilisation” stage before obtaining a full licence, during which time banks can only hold £50,000 of total customer deposits. According to the Bank of England, mobilisation “could take as little as a few months but cannot continue indefinitely and should take no longer than 12 months.”
Revolut obtained a banking licence in Lithuania in December 2021 and is also regulated by the European Central Bank.
هذه القصة مأخوذة من طبعة July 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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