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Revolut secures UK banking licence after 3-year wait

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut says it has secured a UK banking licence, ending a more than three-year tussle with regulators and delivering a boost to the fintech’s expansion plans in its home market.The London-based company said on Thursday it had received the licence from the Prudential Regulation Authority, which first received an application from Revolut in early 2021.The application ran into...

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