News

April 8, 2026

UK banking licence applications drop to zero in 2025

New stats emerge after Revolut's five-year tussle with UK regulators

No businesses applied for a UK banking licence in 2025, raising fresh questions over the government’s ambition to make Britain a fintech hub.

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Damisola Sulaiman

Damisola Sulaiman is Sifted's fintech reporter, based in London. She writes Sifted's weekly Fintech newsletter . You can find her on LinkedIn

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