Revolut says its banking subsidiary, Revolut Bank S.A., receives a full banking licence after a joint review by the European Central Bank (ECB) and France’s prudential regulator. The companies’ assessment process is described as comprehensive, with the decision later adopted formally by the ECB Governing Council.
Both outlets link the licence to the oversight roles of the ECB and France’s Autorité de Contrôle Prudentiel et de Résolution (ACPR). While Cyprus Mail focuses on the regulatory process—highlighting the joint assessment and formal adoption—PYMNTS also connects the approval to near-term business plans, saying Revolut intends to use the licence to expand across Europe.
Overall, the reporting agrees that the licence is full (not provisional), that the ECB and ACPR jointly evaluate the application, and that the ECB Governing Council is the body that formally adopts the decision. Details beyond the licence grant and planned expansion are limited in the provided excerpts.
