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The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means it can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Compensation can be in any form and by any method it determines is appropriate. [1]
Revolut Group Holdings Ltd, doing business as Revolut, [2] is a British multinational neobank and fintech company that offers banking services for individuals and businesses. [3] The company was founded in July 2015 by British-Russian businessman Nikolay Storonsky and British-Ukrainian software engineer Vlad Yatsenko and operates in 48+ countries.
A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages.
LONDON (Reuters) -Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a three-year wait for the authorisation that will enable ...
Government agency United Kingdom: UK's science minister George Freeman announced a review of all research funding from the UK government to Russian beneficiaries on 27 February 2022. This led to the UK Research and Innovation agency to suspend 50 grants for projects at British universities that were linked to Russian universities. 27 February ...
Revolut, which currently has more than 650,000 UK trading customers, earlier operated as a partnership where it offered an investment service through its app and retail customers could buy and ...
The Pay.UK (formerly UK Payments Administration) is a United Kingdom service company that provides people, facilities and expertise to the UK payments industry.. UKPA was created on 6 July 2009, as a successor of the Association for Payment Clearing Services (APACS) to support the systems behind UK payments, such as Bacs, CHAPS and the Cheque and Credit Clearing Company.
European fintech unicorn Revolut has finally won registration from the United Kingdom's Financial Conduct Authority (FCA) to offer crypto services in the U.K. following a lengthy wait.