The UK FCA has approved Revolut Trading Ltd to expand its permissions, allowing it to offer more comprehensive investment and wealth management services in the UK market in the future, including portfolio management, trading with the principal involved, and potentially leveraged products and high-net-worth customized services, all integrated into its mobile app. Revolut will also introduce AI-driven portfolio recommendations, pushing towards a one-stop financial platform; analysts believe this move indicates increased regulatory maturity and intensified competition between fintech and traditional banks.

MeNews

2026-05-24 09:26:07

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ME News message: On May 15 (UTC+8), the digital bank Revolut announced that its trading division, Revolut Trading Ltd, has received an expanded authorization approved by the UK Financial Conduct Authority (FCA), allowing it to launch more comprehensive investment and wealth management services in the UK market. According to the latest approved Variation of Permissions (VoP) license, Revolut can now manage client investment portfolios and participate in certain trades as the principal. This means the platform can, in the future, offer leveraged investment products, professionally managed investment portfolios, and tailored wealth management services for high-net-worth users, with the relevant features integrated into its mobile app alongside everyday banking and payment tools. It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools as it continues its transition into a “one-stop financial platform.” Earlier this year, Revolut officially obtained a full banking license in the UK. Analysts believe the FCA’s approval this time demonstrates that it has further improved its maturity as a regulated financial institution, and also reflects how fintech firms are accelerating competition with traditional banks and wealth management institutions. (Source: ChainCatcher)

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PerpPulse

· 44m ago

The analyst is right; regulatory maturity is the key point. Don't just focus on innovation.

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PanicSellPaul

· 8h ago

From currency exchange cards to fully licensed brokerages, Revolut's pace of evolution is impressive.

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QueuePosition

· 12h ago

Revolut's wave of license upgrades is quite aggressive, directly diving into the deep waters of wealth management.

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WhitepaperByTheRoadside

· 12h ago

AI recommendation + leverage, this combo is targeting Robinhood and HL's market share, right?

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MistBlueLily

· 12h ago

FCA release instructions, the regulatory framework has caught up, traditional banks can no longer sleep peacefully.

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GateUser-8e84d799

· 12h ago

High-net-worth customized services are now available; is this an attempt to compete for private banking clients?

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GateUser-e4fb1fbe

· 12h ago

Filling the mobile app with a one-stop financial supermarket can indeed improve user experience.

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L2ArbitrageTrader

· 12h ago

The main party has obtained trading permissions, Revolut finally no longer has to act only as a conduit.

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Revolut receives approval from the UK FCA to expand wealth management and investment services

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