The MNB has again warned Lithuania-based cross-border financial services provider Revolut to establish a Hungarian subsidiary, arguing that the growing number o
Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It’s worth noting that today’s news comes as Revolut still doesn’t have a banking license in the U.K. after years of back and forth with British regulators.