The Financial Times reported on Tuesday that approval of a UK banking licence for London-based digital finance company Revolut is at a standstill due to regulators' concerns about whether its risk control system can keep up with the rapid expansion of its overseas business.
In 2024, Revolut was granted a UK banking license with some restrictions, marking an important step towards the company's eventual goal of going public.
Reuters: Revolut's UK banking license approval blocked due to global risk control issues
2025-10-14 07:29:08
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