Reuters: Revolut's UK banking license approval hindered due to global risk control issues

Jinse Finance reported that, according to the Financial Times on Tuesday, the approval process for the UK banking license of London-based digital financial company Revolut is currently at a standstill. The reason is that regulators are concerned about whether its risk control system can keep pace with the rapid overseas expansion of its business. In 2024, Revolut obtained a UK banking license with certain restrictions, which was an important step for the company towards its ultimate goal of going public.