Archives

January 9, 2021 @ 7:04 pm By Omar Faridi  |  

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

January 7, 2021 @ 8:39 am By Omar Faridi  |  

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

January 4, 2021 @ 7:42 am By Omar Faridi  |  

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

December 26, 2020 @ 11:35 am By Omar Faridi  |  

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

December 20, 2020 @ 11:55 pm By Omar Faridi  |  

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

December 9, 2020 @ 8:02 am By JD Alois  |  

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

December 9, 2020 @ 7:39 am By Omar Faridi  |  

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

December 7, 2020 @ 9:35 am By JD Alois  |  

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

December 4, 2020 @ 11:49 am By JD Alois  |  

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

December 3, 2020 @ 8:23 am By Omar Faridi  |  

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

December 1, 2020 @ 7:01 pm By JD Alois  |  

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

November 24, 2020 @ 11:25 pm By Omar Faridi  |  

  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

November 21, 2020 @ 5:31 pm By Omar Faridi  |  

London-headquartered digital bank Revolut has partnered with global online advertising platform, Adzooma, so that the bank’s business customers can get special advertising cashback incentives. This is notably the first marketing-focused incentive scheme that Revolut Business has introduced while working with a trusted partner. It’s also… Read More

November 19, 2020 @ 9:01 am By Omar Faridi  |  

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

November 17, 2020 @ 10:18 am By JD Alois  |  

Digital bank Revolut has announced the launch of Google Pay for customers in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal and Romania. The Fintech claims to be one of the first financial services firms to offer Google Pay as a service within their… Read More

October 19, 2020 @ 3:40 pm By JD Alois  |  

The United States has one of the most fragmented regulatory environments for financial services in the world. Frequently, a financial service provider will need to adhere to both state and federal rules along with an alphabet soup list of regulators. While the current leadership of… Read More

October 9, 2020 @ 8:06 am By Samantha Hurst  |  

Digital bank Revolut has formed a new partnership with Fireblocks, a platform for securing digital assets, to securely expand its cryptocurrency services to 13 million global retail users. Revolute will be using Fireblocks’ MPC-based wallet and network infrastructure to support the introduction of services. “As… Read More

October 8, 2020 @ 3:18 pm By Samantha Hurst  |  

Digital bank Revolut announced on Thursday its service Revolut Junior has launched a new feature called Goals, which offers an “easy and fun way” to learn about savings. According to Revolut, Revolut Junior is designed for young people ages 7 to 17 years old and… Read More

October 6, 2020 @ 9:10 am By JD Alois  |  

Digital bank Revolut has launched a new feature that enables its users to track subscriptions and re-occurring payments to more easily manage these expenditures.  The “Subscriptions” feature organizes these charges in a single location so users can see how much they are spending and on… Read More

September 10, 2020 @ 8:24 am By Omar Faridi  |  

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More