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Revolut cards appear in the photo of Krakow on March 29, 2024.
Jakub Porzycki | Nurphoto | Getty Images
London – Bank of England Governor Andrew Bailey told CNBC that there has been no delays due to the delay of giant FinTech giant FinTech with government government.
Last week, Reported financial times This meeting organized by the British Finance with Rachel Reeves with Revolut and the BOE of Baile – Bailey’s intervene.
As permitted as a licensed assignment bank has become an important topic for government in the UK, as it is particularly key figures in the technological industry Tax changes that affect rich.
However, in an interview with CNBC ritics Guish, Bailey denied the relationship between BOE and Finance to the process of accepting Revolut’s banking permits.
“It doesn’t fall (Reeves) and both of them, or, in fact,” he said. “Actually, we have very good relationships, and I think the banks and the treasure clear.”
Bailey added specifically he couldn’t comment, working with the Prudential Regulatory Authority, during a digital bank starting point during the “mobilization” process.
Fittech was giant is given Banking Permit with frequency reductions 2024, 2024, completed a process of demand in 2021.
This essential victory became known as the “mobilization” of Revolut in the path to becoming a bank full bank.
At this time, the company is limited to having £ 50,000 of all customer deposits. Hundreds of thousands of miles less than one-kilometer deposit, such as high street borrowers Barclays, Hsbc and Ubider.
The UK revolut customer also serves the company’s e-money units instead of its banking entity. This means that they are not directly insured by the financial service compensation schemes, which protects the customer £ 85,000 if the company fails.
Delays has been a point of discussion for Government, in the UK technology industry has been a fire in the UK technology to compete effectively with the US and other key areas.
Bailey emphasized that “there was no trade between financial stability and growth in the economy”. However, the change suggested that the change was open to bloom the FINTECH sectors.
“We are very open to make the right changes,” he said.