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Revolut to build global banking licence teams

Theo Osborn | 14:07 Tuesday 29th January 2019

Revolut has announced that it is building a team that will be responsible for securing banking, trading and credit licences across the world.

The specialist bank will initially be focused on hiring teams in the UK and US, before rolling out globally to its expansion markets.

Nik Storonsky, founder and CEO at Revolut (pictured above), said: “We’re ideally looking for people who have previous experience in securing either a banking or trading licence, and they should be quite technical and be comfortable working in a very fast-paced environment.”

Revolut secured its European banking licence late last year, but is now targeting a UK licence due to concerns over how Brexit could affect the passporting of its EU licence.

The licensing team will liaise with decision makers, partners and regulators in order to execute the specific deliverables required to obtain each licence.

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