[Revolut's UK Banking License Approval Stalled Due to Risk Control Issues] According to the Financial Times, London-based digital finance company Revolut's application for a UK banking license has stalled due to regulatory concerns over its risk control systems. Regulators have questioned whether the company's existing risk management framework can support the rapid expansion of its overseas business. Previously, in 2024, Revolut obtained a UK banking license with certain restrictions, which was seen as a significant step toward achieving its goal of going public.