Bank of England orders review of Revolut's product approval processes

FinanceInternationalExpansiónOct 27, 2026, 3:43 AM35 s readAI summary

The Bank of England's Prudential Regulation Authority issued a section 166 order this year to review Revolut's product approval processes and assess the soundness of its internal systems, according to people familiar with the matter. The order was issued around March, when the fintech obtained its full UK banking licence. Revolut, with more than 80 million customers and a valuation of $115 billion, announced unsecured personal loans and a partnership with asset manager Carne on Monday.

In 35 seconds

The Bank of England ordered a section 166 review of Revolut's internal controls and product launches.
The order was issued around March, when Revolut obtained its full UK banking licence.
Revolut has more than 80 million customers and is valued at $115 billion.

Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

Revolut
Banco de Inglaterra
regulación
fintech
licencia bancaria

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Bank of England orders review of Revolut's product approval processes

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day