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60FINANCE

Fintech firm Revolut receives conditional approval for a US bank charter

⚡ Markets: Approval allows Revolut to expand its product suite in the US, potentially disrupting the retail banking and payments landscape and putting pressure on margins of traditional players.US bank stocks

Global fintech company Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter. This is a significant step toward the company being able to operate as a full-service bank in the United States.

West MSM 1Financial press 12 countries
2 sources across the spectrum
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