Brexit Fears: Revolut Applies for E-Money License in Luxembourg
Posted: Sun Sep 23, 2018 8:31 am
With dark clouds of Brexit uncertainty still hovering over the City of London, many firms are preparing for the worst. Revolut,the challenger bank and FinTech firm, is the latest company to announce measures aimed at protecting itself from any post-Brexit fallout.
Reports this Sunday from the Financial Times indicate that the challenger bank is applying for an e-money license in Luxembourg. Currently, Revolut has an e-money license from the UK’s Financial Conduct Authority (FCA).
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As the UK – despite the best wishes of 17.4 million people – remains in the ... (read more)