Revolut applies for Swiss banking licence with CHF 150 million investment
The fintech firm submitted the application to FINMA and plans to invest over CHF 150 million locally over five years to support expansion and product localization.
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Digital banking and financial services platform
revolut.comLast updated
In short: Revolut reached a $115 billion valuation, secured banking licenses in the UK, US, and France, and grew its user base to 80 million.
The fintech firm submitted the application to FINMA and plans to invest over CHF 150 million locally over five years to support expansion and product localization.
The fintech giant obtained regulatory approval from Colombia's SFC, joining six other global licences and targeting 100 million customers by mid-2027.
The fintech company targets a full standalone launch by 2027, which will enable direct offerings of loans, credit cards, and crypto services to American customers.
The unit powers the proprietary PRAGMA foundation model to enhance credit risk assessment, fraud detection, and personalized banking features across its global user base.
British digital bank Revolut has applied for a Swiss banking licence and unveiled plans to invest m...
Six banking licences, 80 million customers and 200,000 Colombians on the waitlist. Revolut just cleared its last hurdle in Colombia.
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Hackers who claim they were behind a data breach at Revolut say they downloaded the personal details from 680 high net worth crypto whale accounts...
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