Mobile , a fintech electronic banking start - up , has announced it will apply for a European banking licence . Three non-executive directors and finance experts are also joining the company to help when it comes to prudential oversight. If granted , the London - base company will become a bank , allowed to offer users of its own banking and deposit cards . It will also require Revolut to insure accounts up to € 100,000 ( $ 116,600 ) .
Mobile , a fintech electronic banking start - up , has announced it will apply for a European banking licence . If granted , the London - base company will become a bank , allowed to offer users of its own banking and deposit cards . It will also require Revolut to insure accounts up to € 100,000 ( $ 116,600 ) .