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tagged with all of: fintech + banking-license
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Revolut is considering the acquisition of a US bank to obtain a banking license, which would enable it to expand its services in the United States. This move reflects the company's strategy to strengthen its presence in the competitive fintech market.
Stripe has applied for a banking license in the United States, aiming to enhance its merchant acquiring capabilities and expand its digital banking services. This move is part of Stripe's strategy to offer more comprehensive financial solutions to its clients amid the growing trend of digital-first banking.
The UK government is postponing the approval of Revolut's banking license due to concerns regarding the company's risk management practices. This delay raises questions about the fintech's ability to adequately address regulatory expectations and could impact its growth strategy.