regulatory approval
5 articles tagged "regulatory approval"
Revolut Receives Full UK Banking Licence After Five-Year Wait
Digital banking giant Revolut has finally secured its full UK banking licence from regulators after a five-year application process. The milestone allows the fintech to offer deposit protection and expand services to its 13 million UK customers.
Revolut Secures Full UK Banking License for Crypto Platform
London-based fintech Revolut has received a full UK banking license, marking a significant milestone in its journey to become a global digital bank. The approval provides deposit protection up to £120,000 for eligible customers while keeping crypto and stock trading services separate.
Propel Holdings Launches Propel Bank with Regulatory Green Light
Propel Holdings has secured regulatory approval to establish Propel Bank, a subsidiary aimed at improving credit access for underserved consumers. Slated to operate from Puerto Rico, it plans to leverage AI technology and expand financial services.
OakNorth Gains Approval to Launch Banking Products in the US Market
OakNorth has received regulatory approval to market its products in the US, expanding its reach in digital banking for medium-sized businesses. CEO Rishi Khosla highlights the strong demand for their services.
Boost Bank and AEON Bank Launch Digital Banking Operations in Malaysia
Boost Bank and AEON Bank have received regulatory approval to begin digital banking operations in Malaysia, marking a significant step for fintech in the region.