DEPLOYMENT · GLOBAL
Revolut wins regulatory nod to acquire Banco Cetelem Argentina from BNP Paribas
Revolut received green light to buy small Argentine bank Banco Cetelem from BNP Paribas. Adds core banking license and peso deposits to Revolut's LatAm footprint. Signals Revolut's shift from FinTech to regulated bank operator across multiple jurisdictions.
WHY IT MATTERS
Demonstrates FinTech consolidation into legacy banking infrastructure. Revolut now must operationalize AI-driven compliance, KYC, and fraud monitoring across three regulatory regimes (EU, UK, Argentina).
Source: Finextra · 2026-09-28