Amsterdam-based digital bank Bunq is limbering up for a UK relaunch. It has been trying for some years to obtain a full banking licence and has been unable to attain one yet. One of the key differences between an e-money institution and a banking licence is that the former enables firms to offer loans. But Niknam does not believe having an e-money licence rather than a banking licence will hold Bunq back in the UK. He says: 'For the service that we want to offer we believe that an e-money licence will serve us and our customers.

Source: Daily Mail May 24, 2024 17:25 UTC