Plata Card Secures Banking License in Mexico: A Landmark Move for Fintech
In a significant development for the fintech landscape in Mexico, Plata Card has successfully obtained a banking license, marking a pivotal moment not only for the company but also for the growing digital banking sector in the country. This approval comes as many traditional banks are reevaluating their business models amid increasing competition from innovative startups like Plata.
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Revolut CEO Hints at Upcoming US Banking License Application
In a move that could significantly alter the landscape of digital banking in the United States, Nik Storonsky, the CEO of Revolut, has hinted at plans for the company to submit an application for a banking license in the U.S. This revelation comes as the fintech company, known for its digital-first approach to banking and finance, continues to expand its global footprint.
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UBS Seeks Expanded US Banking License to Fuel Growth Strategy
In a significant move signaling its ambitious growth strategy, UBS Group AG has filed an application with US regulators for an expanded banking license. This strategic maneuver aims to enhance UBS's operational capabilities in the United States, enabling the Swiss bank to serve its clients more extensively and deepen its market penetration.
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