RE: 500% tomorrow27 Aug 2025 16:37
"Getting a banking license is a complex, challenging, and lengthy process that can take several years, requiring rigorous scrutiny from regulatory bodies like the PRA and FCA in the UK. Applicants must demonstrate financial stability, robust risk management, a viable business plan with sufficient capital and IT systems, and a well-qualified management team. The process involves significant upfront preparation, detailed documentation, and engaging in extensive Q&A sessions with regulators before potentially receiving a license with restrictions, which is then upgraded to a full license upon full operational readiness"
Yet here we are! Big Jim has done it