Revolut Secures French Banking License to Supercharge European Expansion
What's happening
Revolut Bank S.A. has been awarded a full French banking licence after a joint assessment by France's Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central Bank, and the decision was formally adopted by the ECB Governing Council. This gives Revolut a second EU banking hub and the company plans to begin expanding banking services across Western Europe, starting with customers in France and then rolling out to Germany, Ireland, Italy, Portugal and Spain. Revolut serves more than 75 million customers globally, and the licence was described as a "full" European banking licence by reports.
Why it's trending
Because the ACPR and ECB just completed and adopted a joint assessment that clears Revolut to scale retail banking across major Western European markets now.
SignalNewly emerging, confirmed across 1 independent source type.
Momentum
Score per dayStory volume
Stories per dayAngles you could write
If you live in France, Germany, Ireland, Italy, Portugal or Spain your Revolut account is about to act more like a local bank, and that changes fees, protection and product availability fast.
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Original sources5
- Revolut secures French bank licence in Europe expansion
Revolut, the global FinTech serving more than 75 million customers, has secured a full banking licence for its French entity as it prepares to expand its banking services across Western Europe. Revolut Bank S.A. (RBSA) received approval following a joint assessment by France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European Central […] The post Revolut secures French
FinTech GlobalAug 10 - Revolut Secures French Banking License to Supercharge European Expansion
Revolut Bank S.A. has received a French full banking license and plans to begin expanding across Europe. The company received the license after a joint assessment by the French prudential regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the European Central Bank (ECB), with the decision formally adopted by the ECB Governing […] The post Revolut Secures French Banki
PYMNTSAug 10 - Revolut secures full French banking licence from ECB
France’s ACPR and the ECB approved Revolut Bank S.A., giving the fintech a second EU banking hub as it expands across Western Europe Revolut has received a full banking licence for its French subsidiary, Revolut Bank S.A. (RBSA), the fintech said on Monday. The Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the European […]
Payment ExpertAug 10
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