Revolut is pursuing its own bank charter in the U.S. to gain direct access to regulators, according to Sid Jajodia, the fintech's U.S.

CEO. Speaking at the Money 20/20 conference in Las Vegas, Jajodia emphasized that while partnerships with banks work well, they can limit engagement with regulators when issues arise, which he sees as essential for business operations.

Revolut currently partners with Lead Bank in Kansas City, Missouri.

Source: bankingdive.com