Revolut Applies for U.S. Bank Charter, Eyes Global Expansion
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Revolut, a British fintech giant, is expanding its U.S. presence by applying for a national bank charter. The new banking arm, Revolut Bank US National Association, would be based in Stamford, Connecticut, and offer services nationwide, including insured deposits, credit cards, and personal loans. This move would also provide direct access to major payment systems. The companys top leaders view the U.S. as crucial to their global expansion plans, with Cetin Duransoy, a seasoned fintech executive, appointed as the new American CEO. Revolut currently has over one million U.S. users through partner banks and aims to accelerate growth with this strategic step.
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