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Revolut secures UK banking license after three years, enters operational build-up phase

By Phoebe Seers ( July 25, 2024, 10:40 GMT | Insight) -- Revolut has secured a UK banking license from the Bank of England’s prudential regulator, albeit “with restrictions.” The fintech company has now entered what is known as the “mobilization” stage, during which it can hold a total 50,000 pounds in customer deposits.Revolut has secured a UK banking license from the Bank of England’s prudential regulator, albeit “with restrictions.”...

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