The FStech Podcast

Author: Perspective Publishing

This podcast brings the best of the FStech website - a leading source of financial services technology news and analysis - to your ears, featuring panel discussions and one-on-one interviews with the most important experts and topics in this rapidly-changing industry.
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From challenger to mainstay: Revolut's licence and the closing gap in UK banking
Thursday, 2 April, 2026

On 11 March, Revolut was granted a full UK banking licence after a four-year process. Revolut's cofounder and chief executive, Nik Storonsky, described the decision as the culmination of "a long-term strategic priority". In the short term, the bank has said nothing will change for customers. This raises a key question: if Revolut could already offer lending without a full UK licence, why go through the long and complex process of becoming a fully regulated bank? In this FStech podcast senior reporter Isaac Hanson speaks with Christoph Stegmeier, a senior partner in consultancy Simon-Kucher's global banking practice, to explore what the licence can tell us about Revolut's strategic priorities, and how the bank might change as a result.