bunq Granted U.S. Broker-Dealer Status
Hey Digital Banking Fanatic!
I am still in the US, but had to share this news from back home: bunq just took its first step 👟 into the North American market. FINRA has approved its broker-dealer license.
This clearance paves the way for the Amsterdam-based bank to offer trading in stocks, mutual funds, and ETFs in the US market.
With over 20 million users across Europe, making it the second-largest neobank in the region, bunq is targeting users who live, work, or invest across borders, a.k.a. the global, digital nomad crowd.
The official announcement came this Monday, and emphasized that this approval represents phase one of bunq’s US entry.
“Our users roam the world – they live, work, and travel across borders,” founder and CEO Ali Niknam said. He reinforced that the move aligns with bunq's user-first, transnational banking model, noting that “for many, the US is an important part of their lives.”
The company has also set its sights on the UK, applying for an EMI license 👀
Onwards to other Digital Banking news!
Cheers,
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NEWS
🇺🇸 bunq takes its first step into the US with broker-dealer license approval. As an approved broker-dealer, the mobile bank will be able to bring its US stocks offering to American users, giving them access to self-directed investing, including mutual funds and ETFs, as part of its wider product rollout.
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