Bank of England Reviews Revolut Approvals
The Bank of England has ordered a review of Revolut internal product approval processes. The probe comes as the fintech expands into personal loans following its new UK banking licence.
The United Kingdom's central bank ordered a review of Revolut's product approval processes on Tuesday morning. The probe examines internal controls as the fintech expands into personal loans following its newly acquired banking licence. The Financial Times first reported the regulatory scrutiny citing people familiar with the matter.
