According to a report by *Financial Times*, UK fintech company Revolut has abandoned its plan to acquire a U.S. bank to obtain a license and has instead decided to directly apply for an independent banking license from U.S. regulators. Previously, Revolut sought to acquire a fully licensed U.S. bank to rapidly expand its business, but internal evaluations determined that the acquisition involved high uncertainties, such as retaining physical branches and regulatory approvals. Ultimately, they shifted to the 'start from scratch' license application route. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55561