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2026-05-24 11:21:01

The FCA has approved it, Revolut is transforming into a super app, traditional banks are under immense pressure.

View Original

MeNews2026-05-24 11:05:37

Revolut Receives UK FCA Approval to Expand Wealth Management and Investment Services

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.

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