Prudential Regulation Authority

Revolut Finally Lands British Banking License 
Revolut Finally Lands British Banking License 
July 25, 2024  |  Digital Banking

After a three-year wait, Revolut has secured a banking license in its home country. The British FinTech announced Thursday (July 25) that it had been...

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FI Operational Resiliency Goes Proactive as UK Regulations Loom
FI Operational Resiliency Goes Proactive as UK Regulations Loom
April 22, 2024  |  Regulation

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational...

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UK Could Regulate Tech Giants Under Financial Umbrella
UK Could Regulate Tech Giants Under Financial Umbrella
December 07, 2023  |  Regulation

Could tech giants like Google and Amazon fall under the purview of British financial regulators? A trio of those regulators — The Bank of England, Prudential Regulation...

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Revolut’s Size Draws Regulatory Attention in UK Banking License Process
Revolut’s Size Draws Regulatory Attention in UK Banking License Process
October 22, 2023  |  Bank Regulation

Revolut continues to navigate the complexities of obtaining a banking license in the United Kingdom. The digital banking services provider has encountered various challenges and delays...

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Revolut Granted Permission to Delay Filing 2022 Accounts
Revolut Granted Permission to Delay Filing 2022 Accounts
September 19, 2023  |  Regulation

British FinTech company Revolut has reportedly been granted permission to delay filing its 2022 accounts for the second consecutive year. The filings were originally due on Sept....

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Revolut Claims Profitability as UK Banking License Hangs in Balance
Revolut Claims Profitability as UK Banking License Hangs in Balance
February 19, 2023  |  Digital Banking

British FinTech Revolut could be a step closer to getting its U.K. banking license. The company this week is expected to sign off on its...

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Today In Digital-First Banking: Cashplus Granted Bank License By UK Regulator; GajiGesa Indonesia Lands $2.5 Million In Funding
Today In Digital-First Banking: Cashplus Granted Bank License By UK Regulator; GajiGesa Indonesia Lands $2.5...
February 04, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, Cashplus received an unrestricted banking license from the Prudential Regulation Authority, while GajiGesa Indonesia has notched $2.5 million...

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UK Regulators Call For Backup Plans Following Bank IT Glitches
UK Regulators Call For Backup Plans Following Bank IT Glitches
December 05, 2019  |  Bank Regulation

U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year,...

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Citigroup Fined $56M In UK For Regulatory Reporting Miss
Citigroup Fined $56M In UK For Regulatory Reporting Miss
November 26, 2019  |  Bank Regulation

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate...

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