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ClearBank, the enabler of real-time clearing and embedded banking, today announced it has expanded into Europe, working to fulfil client demand for Euro settlement and accounts. The newly established ClearBank Europe N.V. secured a Credit Institution Licence from the European Central Bank, under the supervision of De Nederlandsche Bank. The licence underlines the bank’s leading…
Revolut, the global fintech with over nine million UK customers and 45 million globally, has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA), the regulator responsible for overseeing the UK banking sector. Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’,…
