Sentences with phrase «own banking license»

• solarisBank, a Germany - based banking platform with a full banking license, raised 56.6 million euros ($ 70 million) in Series B funding.

Since its launch in 2015, N26, with a German banking license that gives it access to the entire European Union, has expanded into 17 European countries including Austria, France, Spain and Italy.

Revolut praised the country as «one of the most exciting fintech hubs in Europe right now» in a statement last year announcing they were applying for a banking license there.

It is currently applying for a banking license in Lithuania.

The online payments company has good reason to keep this new offer mum: it doesn't have a U.S. banking license.

Financial technology (fintech) start - up Revolut is seeking to obtain a European banking license, and aims to expand its app - based bank to new markets.

Revolut applied for a European banking license last month, to enable it to provide other financial products like credit and deposit services.

Both Starling and N26 have already secured banking licenses.

As well as applying for a banking license, Revolut has started building its own in - house payment processor.

The London, U.K. - based firm is currently a financial services firm but is hoping to obtain a formal banking license in the region so it can offer more to its customers.

Revolut is also applying for a European banking license, which would enable it to begin balance sheet lending, too.

Economy Minister Philipp Roesler of Germany said in the report after a weekly cabinet meeting, in which he stood in for Merkel, «The chancellor and we have discussed it and we are united that a bank license can not be our way.»

Monti challenged German officials Wednesday by saying that the ESM would be granted a bank license.

In 2015, the authority issued 21 banking licenses to companies wishing to leverage technology to provide financial services to the unbanked and underbanked.

In addition, Saxo Bank A / S as a European Licensed Bank comes under greater regulatory scrutiny and has higher solvency requirements than brokers which do not operate with a full banking license.

To amend a banking license is not planned.

At present, other crypto - currency companies are already operating in Switzerland, but Xapo's operation as a bitcoin wallet provider had raised questions whether it should obtain a banking license to operate, as previously stated.

As of this time, Xapo is categorized as a financial go - between, and it doesn't need to secure a banking license in order to operate.

RIYADH, May 2 - Citigroup is considering seeking a full banking license in Saudi Arabia as Western banks aim to capitalize on Saudi economic reforms, with rival HSBC announcing it has won mandates for several privatizations in the kingdom.

The bank of ghana is responsible for handling and supervising all financial or monetary transactions in the country and to realize this, the bank of Ghana through the banking Act is empowered to issue and withdrawal banking license.

The Swissquote Group is headquartered in Switzerland and holds a bank license issued by the Swiss Financial Market Supervisory Authority (FINMA).

It holds a banking license from Denmark's Financial Supervisory Authority (FSA).

Saxo Bank holds a banking license from Denmark's Financial Supervisory Authority (FSA) and acts as a brokerage firm and a market maker, offering trading in more than 30 000 instruments, including currency pairs, binary options, contracts for difference (CFDs), stocks, futures, and bonds through its proprietary online trading platform.

Still, getting the federal banking license needed for an institution in Canada to take deposits is not on Wealthsimple's short - term road map, he said.

Some large companies get a banking license and then handle their own stuff; medium sized companies make favorable contracts with banks (they are golden goose customers - never an issue, no brick and mortar presence needed, banks love them), or they simply suck up the transfer cost (if you move millions, who cares about a 40 $ fee).

To call itself a «bank,» a financial institution must obtain a state banking license.

The federal government through multiple United States agencies including the Federal Deposit Insurance Corporation and Federal Reserve Board as well as state agencies grant financial institutions a banking license at which point they can receive deposits and issue loans.

IDFC Bank received a universal banking license from the Reserve Bank of India (RBI) in July 2015.

The leadership crisis was also cited as a reason why the company withdrew its application for a bank license earlier this fall according to the Student Loan Report.

SoFi's banking license bid was controversial among consumer - advocacy groups and community banks.

It is also a likely candidate to get banking license.

CAYE INTERNATIONAL BANK LIMITED (CIBL) was granted an Unrestricted «A» Class International Banking License on September 29th, 2003 by the Central Bank of Belize.

In January, 2001 Atlantic International Bank Ltd (AIBL) opened its head office in Belize City with an Unrestricted «A» Class International Banking License from our regulatory bank, the Central Bank of Belize.

All monies should be stored in savings and deposit accounts with a UK banking license and covered by the FSCS deposit protection scheme

I represented Nigerian depositors in the London Trust Bank in its CVA, which was prompted by the FSA withdrawal of the banks license.

Yes Bank has been awarded the Greenfield Bank License in over twenty years.

Sources added that the AV birla group has also filed an application for a banking license and if the banking permit is given to the Indian conglomerate then it could be difficult for the group to foray into another financial services venture.

CivilisedBank, UK - based challenger business bank with a Local Banker network, announced on Friday it will release its current banking license to give more time to develop its technology platform before reapplying for a new license According to the bank, the PRA and the FCA are... Read More

Asseta is looking to create alliances with payment networks like the European Union, Western Union etc. as well as obtaining a banking license to enable them operate freely in as a digital bank in order to achieve its goal.

The company now allows anyone to open a free Euro - denominated bank account, and ahead of Brexit has applied for a European Banking License, which would allow it to operate in the remaining 27 European Union countries.

Reaching this ambitious target will allow us to expand our licenses to new jurisdictions more quickly and expand to a banking license, and overall, grow our team faster.

Meanwhile, Cointed is one of the few companies involved in digital currency exchange and mining that is in the process of acquiring a banking license.

Current accounts and banking services, where Cryptopay will either partner or invest in its own banking license in order to provide more sophisticated banking services to its customers.

Because Puerto Rico is a territory, there are some banking licenses that are possible here and that enable a very creative banking structure,» adding that «The bank they were working with did not want to continue working with them with that kind of responsibility.

So, TenX will surge once they resolve that which can happen either by VISA changing their approach to all crypto - card services or TenX gets their own banking license.

While others are talking about banking licenses we will take on the Philippine market from within the banking arena and offer Paycent as the online arm of the merged banks, using blockchain and big data to provide micro-financing and basic banking services to the unbanked.

As a result, TenX, can not issue Visa cards in most territories, however, they are able to do so in Europe as Wave Crest has the necessary banking license.

Additionally, TenX is in the process of securing the proper banking licenses in order to expand their services into more markets.

Backed by advisors such as Lon Wong, president of the NEM.io foundation, and Antanas Guoga, member of the European Parliament, Bankera will seek banking licenses in key jurisdictions to be able to operate in a spectrum of different fiat currencies and facilitate cross-border transactions.

With their app, crypto debit card and forthcoming banking license, TenX aims to be a one - stop hub for seamless interaction between the blockchain ecosystem and the real world.