Search Results for: revolut

Revolut Offers US Dollar & Pound Savings Accounts for UK Users

Digital bank Revolut has announced US dollar savings accounts for UK customers. According to a release, Revolut will offer interest rates of 0.65% AER for Metal customers, 0.50% AER for Premium customers, and 0.40% AER for Plus customers on US dollar funds. There is no… Read More

Digital Banking: Revolut has Rolled Out New Desktop Web App to Help Customers Better Manage their Finances

UK-based digital bank Revolut notes that with the New Year comes new features. The challenger bank has launched a new desktop Web App that will allow customers to better manage their finances. In addition to the “handy” new desktop Web App, Revolut has introduced upgraded… Read More

New Service by Revolut Provides Anti-Fraud Feature in Partnership with Modulr

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

Digital Bank Revolut Pursues UK Banking License Anticipates Half of its Clients to Deposit Salaries and Use it As Primary Account

Prominent digital bank Revolut is expecting half of its clients to deposit their salaries and switch over to Revolut as their main bank account provider, after the Fintech challenger has acquired a banking license. Revolut issued a statement earlier today stating it has submitted its… Read More

Digital Banking Platform Revolut Confirms it has Temporary Permit from FCA to Offer Cryptocurrency Services, Issues Update About Ripple’s XRP

UK-based digital bank Revolut notes that in 2020, the Financial Conduct Authority (FCA) had introduced a requirement for all cryptocurrency-related companies or businesses (in the UK) to register with the regulator to confirm that they’re adhering to the country’s money laundering regulations. Revolut’s management pointed… Read More

Fintech Challengers Revolut and Luno are Experiencing Dramatic Surge in Demand from Bitcoin and Ethereum Traders

Fintech companies such as Revolut and Luno are experiencing a dramatic surge in demand from customers who are rushing to invest in Bitcoin (BTC) and other digital currencies amid record-breaking and unprecedented cryptocurrency price increases. Fintech app providers that offer crypto trading, like Revolut, eToro,… Read More

The Data Revolution has led to Development of New IT Systems for Storing Large Amounts of Unstructured Financial Information

Like many other sectors of the global economy, the financial services industry is experiencing what many consider to be a data revolution. The international banking sector (along with other major industries) generates large amounts of user data when handling hundreds of billions of transactions. Data… Read More

Digital Banking: Fintech Revolut’s App was Downloaded 5.8 Million Times in 2020, More than Monzo and Starling Combined

Digital bank Revolut has reportedly outpaced competitors Monzo and Starling in terms of the number of downloads during 2020. Notably, Revolut saw more app downloads last year than Monzo and Starling Bank combined. As first reported by the Telegraph, Revolut’s online banking app grew more… Read More

UK’s Digital Bank and Online Lender Zopa Aims to Generate Profits in 2021, will Compete with Revolut, Monzo, Other European Challengers

Zopa, formerly a peer to peer lender and now a regulated digital bank, is planning to generate sizable profits in 2021. Jaidev Janardana, CEO at Zopa, will aim to leverage his 15 years+ of experience working in the lending sector to give the platform a… Read More

Digital Banking: Fintech Unicorn Revolut’s Customers Spent 2.6x More on Online E-Commerce than On In-Store Purchases

Digital bank Revolut notes in its end of year review that “it goes without saying that 2020 has been a year like no other.” It has definitely impacted all our lives, including how we spend our money and the way we save, the Fintech firm… Read More

James Gibson, Head of Product at Revolut Business, Explains how to Receive Card Payments from Across the Globe via the Digital Banking Platform

James Gibson, Head of Product at Revolut Business, notes that it’s their goal or mission to assist clients with getting more from their business accounts with powerful tools that allow them to have complete control over their finances. That’s why digital bank Revolut will be… Read More

Only 10% of UK Residents Trust Neobanks or Digital Challengers like Monzo, Revolut, Starling: Survey

Although digital banking challengers have managed to onboard millions of new customers during the past few years, they’re still not completely trusted by UK-based consumers. Most of the nation’s residents don’t think that these new digital lenders will be able to maintain operations in the… Read More

Revolut’s Next Feature is Pockets, a Spending Management Tool

Digital bank Revolut continues to roll out new features and services at a rapid pace. Today, the Fintech is announcing a new feature called “Pockets” – a tool to help users to better manage their spending such as monthly bills, subscriptions, rent, and more. Pockets… Read More

Digital Banking: London based Fintech Unicorn Revolut Breaks Even for the Month of November 2020

Prominent digital bank Revolut, which was last valued at around $5.5 billion, has reportedly managed to break even for the month of November 2020. Fintech Unicorn Revolut’s revenues had dropped as much as 40% when awareness about the Coronavirus pandemic began to spread back in… Read More

E-Commerce Platform PrestaShop Partners with Revolut

Digital bank Revolut has partnered with PrestaShop, an e-commerce platform in Europe and Latin America. According to the company, and Revolut Business is now available to PrestaShop merchants allowing sellers and their customers to benefit from payments when shopping online. This is part of Revolut’s… Read More

Revolut Challenges Established Payment Platforms with New Feature Enabling Businesses to Accept Payments Online

Revolut Business is challenging established payment platforms with its new feature that enables business accounts to accept payments that are deposited directly into their accounts. Yesterday, Stripe announced a service to provide digital banking to its customers. Today, Revolut is challenging Stripe and others by… Read More

Fintech Unicorn and Digital Bank Revolut Appoints Former Citigroup Exec Rebecca Macieira-Kaufmann to its US Board of Directors

Prominent digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors. Macieira-Kaufmann has worked at Citigroup as a senior management professional for the past 12 years. She has served as the Head of the bank’s International Personal Bank in… Read More

Revolut Partners with Modulr on Early Salary Feature

Digital bank Revolut has announced an early salary feature available to UK customers. The new feature means that Revolut’s UK customers can access their salaries and all payments made over the Bacs payment scheme a working day earlier than usual. In the case where they… Read More

Revolut Offers One Bitcoin Give Away Promotion for Black Friday

Digital bank Revolut has announced that it will hand over one Bitcoin, worth around £14,333 right now, as part of a “Black Friday Crypto competition.” The promotion is only available for UK customers. Revolut users just need to set up a Crypto Recurring Buy worth at… Read More

Digital Banking: Fintech Unicorn Revolut to Expand Global Operations by Hiring Senior Execs in Singapore

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

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