Friday, September 15, 2023

Revolut appears to have withdrawn its application for a US banking license, after saying in 2021 that it filed a draft; it has 500K+ retail customers in the US (John Reynolds/Tech.eu)

John Reynolds / Tech.eu:
Revolut appears to have withdrawn its application for a US banking license, after saying in 2021 that it filed a draft; it has 500K+ retail customers in the US  —  Revolut, a leading UK fintech, withdraws its application for a US banking license.  Despite this, the company continues to expand its services in the US market.



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UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published what it called the world's first guidance on auditor AI usage (Ellesheva Kissin/Financial Times)

Ellesheva Kissin / Financial Times : UK accountancy regulator FRC says auditors can't blame AI for audit failures, after it published...