UK's Prudential Regulation Authority grants Revolut full banking licence
→Revolut ops must enable UK deposit-taking now
Change
UK granted Revolut a full banking licence, lifting the £50,000 deposit cap and enabling current-account rollouts within days.
Why it matters
Revolut must comply with UK banking regulation as a licensed deposit-taker. Revolut must face ongoing PRA scrutiny after addressing prior accounting and reputational concerns.
Implications
- — Revolut operations must deploy deposit systems immediately or rollouts stop.
- — Revolut compliance must certify governance controls now or wider expansion halts.
Unlock the full brief.
Implications — what this forces you to change
Who is affected — which roles and obligations are exposed
What to watch — binding deadlines and enforcement dates
Real-time alerts — delivered the moment a binding change is published
Clarify with AI — turn any brief into a decision for your role
Start free trial
No credit card · $29/month (~₹2,400) after trial · Active in seconds
Source
View on The Guardian