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The European Central Bank intervenes to limit the growth of the digital bank "Revolut" in Europe!

2026-06-11 14:08:20Biznes SHKRUAR NGA REDAKSIA VOX

The European Central Bank has stepped in to temporarily restrict Revolut’s expansion in Europe, requiring the British fintech to strengthen its internal control systems before launching new financial products. The Financial Times reports that the move occurred during 2025.

According to the British newspaper, the ECB imposed a series of restrictions on the institution, expressing concerns about the speed with which the company was introducing new services and the adequacy of its internal processes for risk assessment and regulatory compliance.

The measures affected the group’s European bank, which operates under a license obtained in Lithuania. Specifically, Revolut was forced to suspend the launch of several new products in the European Economic Area until the shortcomings identified by the supervisors were corrected. The ECB also requested an independent review of its risk management, compliance and regulatory oversight functions.

The move represents one of the most significant regulatory changes to affect one of the fastest-growing fintechs in recent years. Revolut currently has approximately 75 million customers worldwide and reported a pre-tax profit of approximately £1.7 billion in 2025, consolidating its position among Europe’s largest digital financial operators.

concern

At the heart of the regulators' concerns is the organizational model promoted by founder and CEO Nik Storonsky. He has previously described the company's employees as "self-guided missiles," a term used to describe teams with broad decision-making autonomy and the ability to develop and launch products at breakneck speed.

It is this speed of execution, which has contributed to the company's growth, that is said to have clashed with the requirements of supervising a banking group that has now reached systemic proportions. According to the Financial Times, the ECB's action reflects the belief that a bank's growth must continue in parallel with strengthening governance, risk management and regulatory compliance structures.

The case also highlights Revolut’s changing status in recent years. Born as a startup focused on digital payments, the company is gradually taking on the profile of a fully-fledged international bank, with a growing presence in lending, investment and savings services. This transformation exposes it to levels of oversight increasingly similar to those applied to traditional institutions.

For its part, Revolut stated that it has cooperated with the supervisory authorities and has already implemented the required measures. The restrictions will be lifted once the supervisory actions are completed.


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