Revolut may not secure a banking license in the UK. Why?

• Revolut is eliciting alot of questions: Why does Revolut want a banking license? Has it secured its position as a bank anywhere in the world? And finally what’s keeping UK regulators on the fence?
• Between the regulatory qualms and Revolut's need to disrupt incumbent banks, there is a story unfolding about how uneven the possibilities neobanks have can be across geographies.