Revolut’s UK banking license may be delayed due to risk management concerns

U.K. fintech Revolut has hit yet another roadblock to its longstanding mission of becoming a real bank in its home country: Its full banking license is being held up because the country’s central bank is concerned about whether the startup can maintain its risk management controls in the face of its blazing fast international expansion, the Financial Times reported. The Bank of England wants Revolut to commit to building its risk management stack to match its international growth before the regulator can ...