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Most of EU-based neobanks are NOT real banks. 90% of them are just a frontend.

Even Revolut that you cite was just a frontend until January 2021 where it became a bank, but just in the UK: https://en.wikipedia.org/wiki/Revolut#History

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> In December 2018, Revolut secured a Challenger bank licence from the European Central Bank, facilitated by the Bank of Lithuania, authorising it to accept deposits and offer consumer credits, but not to provide investment services. At the same time, an Electronic Money Institution licence was also issued by the Bank of Lithuania.

What are you talking about? Revolut is a real bank, same as Monzo, N26, Aumax (part of a larger banking group so it hardly counts), Kard. Specifically regarding Revolut, they are a real bank in multiple countries now - UK, Lithuania, US and a bunch of other European countries.

Revolut does not have a bank license in the UK. They've applied, but it has not yet been granted.

Revolut is not a bank in the UK

Revolut has applied for a UK banking license (PRA and FCA authorisations), but they seem to be encountering difficulties and delays in having them granted.

Revolut's links to Russia are, perhaps, not helping with that.

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