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Deep & Emerging Tech·September 3, 2026·1 min read

Revolut clears first hurdle to US banking licence

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A US banking license would shift Revolut from a high-margin fintech overlay to a regulated balance-sheet business in its largest addressable market. If you’re a US bank or card issuer, assume Revolut will eventually compete on deposits and lending economics, not just UX, and start pressure-testing your cross-border and youth offerings now.