Revolut just got regulator ghosted by the Bank of England, again. šø Mr.69 breaks down how the fintech golden boy turned into the UKās most politely rejected bank, faster than a crypto dip on Monday morning. Turns out āmove fast and break thingsā doesnāt work so well when youāre handling peopleās paychecks.
Fintechās space race just hit turbulence, and Revolutās learning that growth without guardrails is just chaos with branding.
š³ Key Highlights:
⢠Revolut denied UK banking license (again).
⢠Bank of England raises concerns over risk controls.
⢠Expansion outpaced regulation, 38 countries, 0 chill.
⢠Fintech meets reality check from the regulators.
⢠The startup hustle meets the āno thanksā stamp of approval.
The future of bankingās still digital, just not that digital yet. š
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