By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
World of SoftwareWorld of SoftwareWorld of Software
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Search
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
Reading: Revolut reportedly faces banking licence delays due to risk controls – UKTN
Share
Sign In
Notification Show More
Font ResizerAa
World of SoftwareWorld of Software
Font ResizerAa
  • Software
  • Mobile
  • Computing
  • Gadget
  • Gaming
  • Videos
Search
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Have an existing account? Sign In
Follow US
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
World of Software > News > Revolut reportedly faces banking licence delays due to risk controls – UKTN
News

Revolut reportedly faces banking licence delays due to risk controls – UKTN

News Room
Last updated: 2025/10/14 at 7:02 AM
News Room Published 14 October 2025
Share
SHARE

Revolut is faced with yet another hurdle before it can operate as a fully-licensed bank in the UK as regulators flag concerns over its risk controls, according to reports.

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have expressed concern over how the fintech giant handles its cross-border payments, as reported by the Financial Times.

According to the fintech, Revolut is supported in over 160 countries and regions, with international remittance as one of its key early selling points that allowed it to become the UK’s most valuable private tech company.

The company, which holds several banking licences outside of the UK, has long-sought authorisation in its home market, where it has around 10 million customers.

Revolut faced highly publicised delays in securing initial approval from regulators, with issues including compliance and revenue questions raised by its former auditor BDO.

The company was approved for a banking licence in the UK in July 2024, at which point it entered mobilisation, an interim period wherein a newly licensed bank must prove to regulators it can meet their requirements before it can actual operate as a bank.

This period, according to the Bank of England, typically lasts between three and 12 months, but in Revolut’s case it has already been 15 months.

UKTN has contacted Revolut for comment.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Wuchang: Fallen Feathers announces first offline demo session in Beijing ahead of summer release · TechNode
Next Article What does Windows 10 support ending mean? All you need to know
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

248.1k Like
69.1k Follow
134k Pin
54.3k Follow

Latest News

How the iPhone 17 reinvents the selfie, according to Apple execs
News
NVIDIA and Oracle oppose new US AI chip regulations · TechNode
Computing
Facebook brings BACK popular money-making feature two years after it was closed
News
In reality, the workslop is sinking her
Mobile

You Might also Like

News

How the iPhone 17 reinvents the selfie, according to Apple execs

1 Min Read
News

Facebook brings BACK popular money-making feature two years after it was closed

3 Min Read

Google announces $15B investment in AI hub meant to drive digital transformation

2 Min Read
News

Google's AI Assistant Is Ready to Take Over Your Calendar and Schedule Your Meetings

2 Min Read
//

World of Software is your one-stop website for the latest tech news and updates, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

Topics

  • Computing
  • Software
  • Press Release
  • Trending

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

World of SoftwareWorld of Software
Follow US
Copyright © All Rights Reserved. World of Software.
Welcome Back!

Sign in to your account

Lost your password?