Revolut decided to move its Irish user's accounts to Revolut's business in Lithuania as its e-money license will no longer be valid post Brexit.
Revolut is preparing to submit a banking license application to the Bank of England and hopes to secure it before the end of the year.
Berlin-based digital bank N26, which is a rival to Revolut and Monzo, is closing accounts for UK on 15 April. “We will be unable to operate in the UK with our EU banking license so we will be leaving the UK and closing all accounts” is the official N26's statement.
In this blog, we will explore two exciting developments that have everyone talking about Nubank: its potential for exponential growth in share value and its remarkable expansion to serve more than 90 million customers across Latin America.
By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.
ABN AMRO, one of the leading Dutch banks, has partnered with Tokeny to tokenize a green bond on a public blockchain.
A recent study by Konsentus, a leading open banking-based Software-as-a-Service platform, sheds light on the global spread of open banking initiatives.