Revolut has received approval in the UK to expand its asset management services

Fintech company Revolut has received approval from UK financial regulator FCA to expand its asset management services in the country, Bloomberg and CITUAM write.

In particular, the trading division of Revolut Trading received a license (Variation of Permissions), which will allow the company to expand the list of regulated services that it can provide in the UK, specifies CituAM. These include, for example, investment portfolio management and private banking (private banking), specifies Bloomberg. Revolut told CITUAM that the changes will allow Revolut Trading to work with a wider range of investors, including high net worth clients, within a single ecosystem with retail investors.

"These authorizations are the missing element that allows us to bring investment, advisory and portfolio management services under one roof, making them even more accessible," CituAM quoted Revolut Trading's head of operations Victoria Laffey as saying.

The London-headquartered digital bank is already authorized to hold and manage customer funds, according to data on the UK Financial Conduct Authority's (FCA) website. Last year, Revolut gave users access to UK and European equities, as well as ETFs.

Revolut's trading arm had about 1.2 million clients and assets under management of £733.3 million ($992 million) at the end of 2025, the company said in a financial report.

The company also intends to integrate artificial intelligence into its investment services, City AM reports, citing a statement from the service.

This article was AI-translated and verified by a human editor