Revolut Renews US Banking Push with Charter Application and New US CEO

Fintech company Revolut has filed a new application for a US national bank charter, its second attempt to secure a US banking license. The London-based firm submitted the application to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish "Revolut Bank US, N.A." It also appointed Cetin Duransoy as its new US CEO; Duransoy, who has more than two decades of experience in banking, payments and technology, previously served as US CEO of fintech marketplace Raisin.

He replaces Sid Jajodia, who will remain with the company as global chief banking officer. "The United States is a key pillar of our global growth strategy," Revolut founder and CEO Nik Storonsky said. "Filing for a national bank charter is a major milestone toward our vision of building the world’s first truly global banking platform." If approved, the charter would allow Revolut to operate under a single federal regulatory framework across all 50 US states.

United States

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