Revolut applies for US banking license

London-based neobank Revolut has applied for a banking license with the U.S. Office of the Comptroller of the Currency (OCC), CoinDesk reported. If granted, the license would allow Revolut to operate in the U.S. in a manner similar to a traditional bank, giving it direct access to the Federal Reserve's (Fed) payment systems, including Fedwire and the Automated Clearing House (ACH). The company would also be able to offer lending products such as credit cards and personal loans. Revolut currently provides account and payment services in the U.S. through its partner, Lead Bank.