Revolut’s European operations hit a snag when the European Central Bank froze the fintech’s ability to launch new products last summer. The ECB cited gaps in the company’s product approval process, demanding an independent audit of risk, compliance and legal reviews.

The restriction, announced to the board in July 2025, barred the bank from adding new services or acquiring firms outside the EU. Revolut has since tightened its internal “new bets” framework, adding expert oversight to every launch. The regulator’s move followed a €11.5 million fine from Italy’s competition authority for alleged unfair practices.

With the pause lifted after reforms, Revolut can resume rolling out teen accounts, mortgages and payment hardware across Europe. The episode underscores how regulatory scrutiny can stall rapid expansion for fintechs that rely on swift product cycles. Investors will watch whether the revamped controls curb future compliance risks and affect the company’s growth trajectory.