DEPLOYMENT · US
Revolut, Nubank scale US banking after securing conditional charters
Revolut and Nubank, the world's most-valued digital banks, obtained conditional US banking charters and are launching retail offerings. Marks first major foreign fintech incursion into core US deposit and lending markets.
WHY IT MATTERS
Foreign-owned neobanks now have regulated deposit-taking authority in the US; forces incumbent banks and regional operators to compete directly on digital experience and cost, reshaping retail banking competitive landscape.
Source: PYMNTS · 2026-09-23