Revolut’s Product Approvals Face UK Regulatory Scrutiny

T2Covered by 1 source · first reported by PYMNTS at 27 Oct, 10:42 UTC

British regulators are reportedly reviewing Revolut’s process for approving new products. The Bank of England’s Prudential Regulation Authority (PRA) issued what is known as a section 166 earlier this year to investigate risks surrounding the speed of Revolut’s product launches, the Financial Times…