Revolut, the British financial technology company, received conditional approval to obtain a banking license in the United States. This is the first green light the company has received in the expansion process into the American market.
The conditional approval came six months after the submission of the banking license request to the American regulator. This waiting period marks the time it took Revolut to see its request advance to the next phase.
With this decision, Revolut will now work directly with American supervisors to meet the remaining requirements and obtain the full license. The process involves meeting specific conditions imposed by the regulator.
Obtaining a banking license in the US represents an important step in Revolut's international expansion strategy, as the company intends to operate as a full bank in the American market, offering traditional banking services in addition to the financial technology services it already provides.
