banking licenceRSS

Revolut to bring processing in-house

No more outages - Revolut to bring processing in-house

Revolut is building its own in-house processor, following a string of outages caused by its current third party provider.

Private & Commercial Finance Group receives banking licence

UK flag

Private & Commercial Finance Group (PCFG) has received its banking licence from the UK regulators. It is now authorised with restrictions as a bank and enters into a mobilisation period of up to 12 months.

Becoming a challenger bank – a worthwhile challenge?

Rich Wagner, APS Financial

Advanced Payment Solutions (APS) has secured a credit licence from the UK’s regulator, Financial Conduct Authority (FCA). And whilst APS is not a bank, it competes with them. So is going through the pains for getting a banking licence really worth it, asks Rich Wagner, CEO and founder APS. We regularly see news of challenger finance […]