The London-based digital bank said on Thursday it had applied for a US national bank charter with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). A charter would boost the $75bn fintech’s odds of cracking the US market, which has long been a key part of its global growth strategy. Revolut, which was founded in 2015, has amassed more than 70mn customers in more than 40 markets. It would also allow Revolut to offer insured deposits to US customers and mean it would no longer need deals with regulated partner banks to offer banking services.

https://www.ft.com/content/86e56dad-d528-4477-a166-65607e91dc9f