Revolut Is About to Break a UK Banking Record...
Hey Digital Banking Fanatic!
Revolut is just weeks away from breaking a UK record: the longest mobilisation period ever for a newly licensed bank.
It’s been 18 months since Revolut received its UK banking license and entered mobilization. In less than three weeks, it will officially surpass the current record.
This isn’t business as usual. Revolut is going through what many see as the most stringent bank authorization process the UK has ever applied, under a framework designed for a very different era of banking...
From the regulator’s perspective, the incentives are clear. There’s no upside if everything goes smoothly, but a massive downside if something goes wrong. That dynamic rarely leads to speed.
Still, letting Revolut fail at this stage isn’t an easy option either, especially for the Bank of England. Too much time. Too much scrutiny. Too much at stake.
The path here feels narrow, but forward. One way or another, Revolut is heading toward a full UK banking licence.
If you’re tracking how Digital Banking is colliding in real time, keep scrolling 👇I'll be back tomorrow with more updates.
Cheers,
INSIGHTS
🇬🇧 Structuring your UK licence strategy 👇
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