The Fintech Log
# Consumer Lending

Revolut’s expansion into UK consumer lending is facing closer regulatory scrutiny. The Financial Times reported on October 27, 2026, that the Bank of England’s Prudential Regulation Authority had ordered a Section 166 skilled-person review of the bank’s product approval processes and internal risk governance. The review comes as Revolut offers unsecured personal loans and prepares to introduce a domestic credit card, with mortgages planned later. Revolut UK CEO Francesca Carlesi has said the bank intends to package and sell loans through securitisation rather than retain substantial long-term credit exposure. Revolut is targeting a loan-to-deposit ratio of roughly 6%, far below the roughly 100% typical of incumbent British high-street banks. The strategy could support lending growth while limiting loans held on its balance sheet, but it does not eliminate credit risk. S&P Global has cited the possibility of higher credit losses as Revolut expands lending across multiple jurisdictions.

Oct. 27, 2026 • 3 min read