There was a discussion about this topic on Hacker News a few months ago:
https://news.ycombinator.com/item?id=40133976
One ex-Googler pointed out that due to the machine learning stuff and every new employee trying out the latest “AI” stuff on top of it, no human can understand and thus debug the search engine properly anymore.
They’re in the process of getting a proper UK license, though.
Also, Revolut has a European banking license for some years now.
And I’m not sure whether, after handing out your 2FA and other security details, your money is still covered under that 85k insurance. I know that German banks have a clause in their contract about this.