Fintech Insider Podcast by 11:FS 1046. News: Revolut is a bank, Lloyds wants to be a fintech - we're just as confused as you
Mar 16, 2026
Art Levy, Brex CBO—builds corporate card and finance partnerships. Veronica Glab, Juice partnerships lead—focuses on SME lending and working capital. Dave Morris, Foundry OS CEO—creates fintech platforms for banks. They unpack Revolut winning a UK banking licence, Lloyds’ bid to act like a fintech, Brex’s ChatGPT integration, LATAM growth at Ualá, and Tide’s new embedded mobile plans.
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Revolut Gains Lending Power In UK
- Revolut's new full UK banking licence lets it lend in the UK and adds net interest margin to its business model.
- After four years of mobilization, Revolut can now upsell mortgages and lending to ~13M UK customers, boosting valuation potential.
Turn Licences Into Credibility Not Shortcuts
- Use regulatory credibility as a brand asset when expanding into new markets rather than expecting regulators to waive scrutiny.
- Veronica and Art note a UK licence increases trust and helps negotiations in regions like the Middle East and supports US market credibility.
Lloyds Messaging Misses Fintech Essentials
- Lloyds' plan to 'be the UK's biggest fintech' focuses on cost cuts and selling anonymized customer data, which panelists view as a shareholder message not a customer-first fintech strategy.
- Guests argue cultural and organizational redesign, not app culling, is required to truly become a fintech.