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banking license

FintechNews RoundupUSA
·Nov. 6, 2017

Square Presses Forward on Bank Application

Square CEO Jack Dorsey tells Fast Company that they are moving full speed ahead with their banking license; Dorsey was recently in New York to unveil Square Register, a hardware device; the company has been lending to merchants since 2014; SoFi recently withdrew their banking application following the scandal surrounding Mike Cagney; a timeline for the application is not known. Source

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FintechNews RoundupUSA
·May. 22, 2018

Crypto Firms Starting to Explore Banking Licensees

Cryptocurrency exchange Coinbase and payments company Ivy Koin have met with FDIC officials in recent weeks to explore obtaining a...
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EuropeFintechNews Roundup
·Feb. 12, 2019

Revolut Denies Claims of Improperly Acquiring Bank License

UK based digital bank Revolut has strongly denied claims that they interfered in Lithuanian politics when acquiring their banking license;...
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EuropeFintechNews Roundup
·Jan. 21, 2020

New UK Digital Bank Exits Stealth

The new company called Vive just received their restricted banking license from the Bank of England; Vive plans to launch...
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EuropeFintechNews Roundup
·Feb. 12, 2020

Is N26 Really Leaving the UK Because of Brexit?

Yesterday N26 announced that they were ceasing operations in the UK citing Brexit as the reason; 200,000 N26 customers are...
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EuropeFintechNews Roundup
·Nov. 8, 2017

Revolut Applies for Banking License

Revolut is the latest company to apply for a European Banking License; their competitors Monzo and Starling Bank are already licensed; the company expects to have the license in the first half of 2018 which will allow it to offer deposit and credit services in certain markets. Source

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Peer to Peer Lending
·Dec. 4, 2018

P2P Lender Zopa Granted a Banking License in the UK

Back in 2005 Zopa quietly launched their P2P lending platform in the UK, the world’s first. It was the start...
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EuropeFintechNews Roundup
·Feb. 20, 2019

New Concern in Lithuania Over Revolut’s Banking License

Politicians in Lithuania are expressing concern about the expertise at their country’s central bank after Revolut secured their banking license...
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EuropeFintechNews Roundup
·Feb. 11, 2020

N26 Closing UK Operations

N26 is closing their operations in the UK due to Brexit; N26 customers will need to withdraw or transfer their...
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FintechNews RoundupUSA
·Apr. 23, 2020

Monzo Applies for US Banking License

The digital bank has applied for a US banking license and is also working to open an office in San...
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