Fintech firm Revolut is reapplying for a U.S. bank licence as it steps up its push into the North American market, Cointelegraph reported on Thursday.

The filing marks its second attempt after its first bid in 2021 fell through. Revolut submitted documents to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

Revolut plans to operate under a single federal regulatory framework across all 50 states through the licence. If approved, it would gain access to Fedwire and the Automated Clearing House (ACH), offer deposit insurance via the FDIC, and expand into personal loans and credit cards.

Along with the announcement, Revolut appointed Citin Duransoy (세틴 두란소이) as its new U.S. CEO. Duransoy has more than 20 years of experience in finance and fintech, and previously served as U.S. CEO of fintech marketplace Raisin. Revolut founder and CEO Nikolay Storonsky (니콜라이 스토론스키) said the United States is a core part of its global growth strategy and called the bank-licence application an important milestone in building a truly world-first global banking platform.