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106 Revolut at last launches as an authorised UK bank

UK Tech News
Oscar Hornstein @ UK Tech News 1 place · today 10:05 EDT

Revolut at last launches as an authorised UK bank

After a lengthy period of delays and regulatory scrutiny, Revolut, Britain’s most valuable fintech, has officially launched as a UK bank. Revolut announced on Wednesday that it has received approval from the Prudential Regulation Authority (PRA) to exit mobilisation, a period after a UK banking application is approved during which the company is required to ...

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