Revolut Shifts Focus to Independent US Banking License After Abandoning Acquisition Plans

Strategic Shift for Revolut

According to the Financial Times, sources reveal that UK-based digital bank Revolut has opted to abandon its acquisition plans for entering the US market, instead pursuing discussions with regulators to secure an independent banking license through the Office of the Comptroller of the Currency (OCC).

Policy Impact and Regulatory Outlook

The company is hoping that the deregulatory momentum under the Trump administration could fast-track the approval process, offering a more accommodating environment for fintech players aiming to operate in the US.

Future Implications

• An independent charter would allow Revolut greater autonomy and brand clarity in the US
• The new route may extend timelines but positions the firm for sustainable growth
• Regulatory uncertainty remains a key hurdle