Banking

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.
close

Email a Friend

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

 


subscription wall for TS Pro

0 comments on “Revolut may not secure a banking license in the UK. Why?”

Banking, Financial Education

How Capital One and Bank of America are tackling gaps in financial literacy for consumers and women entrepreneurs

  • April marks Financial Literacy Month. While financial education was once overlooked, there is now an increased dialogue surrounding this topic as firms are exploring unconventional methods to capture consumers' interest in financial education as a starting point.
  • We take a look at how Capital One is zeroing in on financial education for consumers of all ages, while Bank of America has recently entered into a new partnership to promote financial literacy among women entrepreneurs.
Sara Khairi | April 17, 2024
Banking, Data

FIs are warming up to alternative data and 93% think it will have a positive impact on their bottom lines

  • Recent data shows that FIs are warming up to the possibilities alternative data presents, albeit slowly.
  • If FIs can better determine who is a good credit risk, it's good for consumers as well as lenders’ own bottom lines.
Rabab Ahsan | April 16, 2024
Banking

Bank of America faces a lawsuit about its overdraft fee relief program it offered during the pandemic

  • A lawsuit charges that Bank of America's overdraft fee relief program it launched in 2020 prevented clients from using less expensive options.
  • We dive into how the details of the recent lawsuit and how it speaks to the CFPB's "war on junk fees".
Rabab Ahsan | April 12, 2024
Banking, Financial Education

Banking by Numbers: Chime launches a budgeting-based coloring book by partnering with influencers

  • Chime is introducing an adult coloring book that can help consumers manage finances and make art at the same time, in partnership with two influencers and T-Pain.
  • The coloring book aims to make managing finances fun and non-stressful and the amplification strategies around the book show how neobanks are reimagining consumer engagement while most traditional FIs are still struggling with getting consumers to read their education resources.
Rabab Ahsan | April 11, 2024
Banking

Exploring untapped strategies to create Gen Z-friendly financial products with Publicis Sapient’s Mahesh Raghavan

  • Financial institutions are struggling to meet Gen Z where it is, with products, experiences, and messaging that resonate with the younger set.
  • That can change if FIs can think more creatively around data, personalization, inter-generational marketing, and other acquisition strategies.
Sara Khairi | April 11, 2024
More Articles