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Tuesday, January 26, 2021
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Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Revolut nominates Richard Holmes to oversee its UK bank license application

Challenger bank Revolut applied for UK banking license and ex-Standard Chartered chief Richard Holmes is supposed to aid the process.

Zopa secures long-awaited UK banking licence

British P2P lender Zopa has just launched a new digital bank after being granted a full UK banking licence.

Monzo applies for US banking licence

The digital challenger submitted the application on Monday. For a US banking licence to be approved, it could take up to two years for Monzo's application.

Revolut seeking UK banking license because of 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.
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Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.