Revolut has been granted a full UK banking licence by the Prudential Regulation Authority, ending a three-year application process that had become one of the most closely watched regulatory decisions in European fintech.The licence allows Revolut to offer insured deposits and expand its lending operations in the UK, its home market. The company currently serves over 40 million customers globally and was valued at $45 billion in its most recent funding round.CEO Nik Storonsky said the licence represents a milestone moment for the company and its UK customers.