Bunq, a Dutch digital bank, is planning its re-entry into the U.K. market to serve the 2.8 million digital nomads. The bank's CEO, Ali Niknam, announced the filing for broker-dealer registration in the U.S. as an initial step toward obtaining a full banking license, allowing expanded service offerings for international users. Additionally, Bunq has reported a 65% rise in profit, driven by greater net interest income. After previously withdrawing its U.S. banking charter application due to regulatory challenges, plans are in place to resubmit later this year.
Bunq is re-entering the U.K. market to target the large population of digital nomads, emphasizing its services aimed at this demographic.
CEO Ali Niknam expressed excitement for growth prospects in the U.S. after filing for broker-dealer registration, crucial for offering services to international users.
Despite past challenges with U.S. regulatory applications, Bunq is optimistic about securing a full banking license and expanding its user services.
The bank reported a remarkable profit increase of 65% year-over-year, attributed to rising net interest and fee incomes, reflecting the benefits of current high interest rates.
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