It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Up next, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are going to look at the application. Revolut already has a banking license in the European Union. The Bank of Lithuania has granted a license and the company is taking advantage of European passporting rules to operate in other European countries….
