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Revolut scores banking license to become the Amazon of banking

Revolut scored a European banking license in a move which stands to catapult the FinTech startup to the top of digital banking. The firm’s aim is to become the Amazon of banking and it appears to be on the way forward. Revolut says it will start operations in 2019. This includes accepting deposits, offering retail and business lending. The company unveiled an ambitious plan that includes full current accounts, consumer lending and commission-free stock trading.

13-12-2013


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