May 19, 2023
Via: FinTech FuturesThe UK’s Prudential Regulation Authority (PRA) told the government in March, according to The Telegraph, that it intended to issue a warning notice to Revolut over concerns around the fintech’s balance sheet. Revolut has reportedly claimed auditors’ concerns were about […]
April 19, 2021
Via: Banking TechnologyIn a blog post regarding the filing, Robinhood called the Massachusetts Securities Division – a state regulator designed to protect US investors – “elitist” and harbouring “an old way of thinking”. The ongoing feud between Robinhood and the Commonwealth traces […]
February 24, 2021
Via: FinTech FuturesThe San Francisco fintech is hoping to obtain an Industrial Loan Company (ILC) licence from the Federal Deposit Insurance Corporation (FDIC). This is the same licence US digital payments firm Square landed just shy of a year ago. Square had […]
October 23, 2019
Via: Banking TechnologyThe OCC’s charter, which aimed to give fintechs an alternative route to a banking licence without having to go through the state, was denied by the courts as the judge sided with the plaintiff and the superintendent of the New […]
December 13, 2018
Via: Banking TechnologyFollowing on from the recent licences in Singapore and Japan, challenger Revolut has got its European banking licence. The “specialised” bank licence was facilitated by the Bank of Lithuania. This type of licence was introduced by the Bank of Lithuania […]
May 18, 2023
May 18, 2023
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