Archives

November 20, 2019 @ 8:13 am By JD Alois  |  

Leading digital bank Revolut is partnering with Mastercard to help repair four schools destroyed by  Cyclone Idai in Mozambique. The charitable project is also in support of Universal Children’s Day. According to Revolut, customers are able to round up their spare change and donate the… Read More

November 12, 2019 @ 8:34 am By JD Alois  |  

Digital bank Revolut has selected a new Chairman of the Board. Martin Gilbert, an individual who has been advising Revolut co-founder and CEO Nik Storonsky, will join the bank on January 1st as non-Executive Chair. Gilbert is the former co-Chief Executive of Standard Life Aberdeen,… Read More

October 30, 2019 @ 4:00 am By JD Alois  |  

Digital bank Revolut has utilized Open Banking APIs for the first time with a tie-in to Intuit QuickBooks, according to a note from Revolut. This will be the first time that Revolut has collaborated with a third-party provider to use the advanced functionality of UK… Read More

October 24, 2019 @ 7:32 am By JD Alois  |  

UK based digital bank Revolut has launched in Fintech-friendly Singapore, according to a company release. In 2018, Revolut set up an Asia-Pacific hub in Singapore, where the Fintech now employs twenty people. Revolut says it is planning to triple its headcount in Singapore in the… Read More

October 22, 2019 @ 11:26 am By JD Alois  |  

Revolut has partnered with Mastercard to issue credit cards using the global network. According to a release from Revolut, the new deal will reach 210 countries and territories with he first cards hitting the US by the end of the year. Revolut is a UK… Read More

October 14, 2019 @ 1:14 pm By JD Alois  |  

Digital challenger bank Revolut is said to be looking to raise $1.5 billion in both debt and equity financing according to a report by Sky News. Apparently, Revolut is talking to JP Morgan to  raise $500 million in equity plus an additional $1 billion in… Read More

October 6, 2019 @ 10:05 pm By JD Alois  |  

Revolut has been accepting new accounts in the US of late. Long-anticipated and recently announced, Revolut has been welcoming bank account sign-ups for its digital-first, Fintech future banking accounts in partnership with Metropolitan Commercial Bank, Member FDIC. In the US, most Fintechs partner with a… Read More

September 30, 2019 @ 4:10 pm By Omar Faridi  |  

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

September 30, 2019 @ 3:58 pm By JD Alois  |  

On September 26, 2019, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York entered a default judgment against Longfin and former CEO Venkata S. Meenavalli ordering a total of $3,532,235 in disgorgement of all proceeds raised in Longfin’s… Read More

September 19, 2019 @ 7:57 am By JD Alois  |  

Today, digital bank Revolut has announced the addition of free stock trading for both Standard and Premium customers. The feature is rolling out in 26 different markets including: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,… Read More

September 11, 2019 @ 10:53 pm By JD Alois  |  

As was reported earlier this week, Revolut has decided to pass on its application for an e-Money license in Luxembourg. The decision was ostensibly made because Revolut has already received a passportable license in Lithuania and it is in the process of pursuing regulatory approval… Read More

September 10, 2019 @ 8:31 am By JD Alois  |  

Revolut has decided to withdraw its application for an e-Money license in Luxembourg, according to a report in the Telegraph. The application was originally filed in September of 2018. Revolut was said to make the decision following the approval of two financial services licenses from… Read More

September 2, 2019 @ 7:45 am By JD Alois  |  

Digital bank Revolut is expanding into Portugal with a new customer operations center in Porto. The company reports that it will hire up to 400 new employees at the new location. Ricardo Macieira, an ex-Airbnb executive, and Rebeca Venancio, formerly at Microsoft, have been appointed… Read More

August 30, 2019 @ 10:56 pm By Samantha Hurst  |  

Digital bank Revolut announced earlier this week the launch of its new 3D secure (3DS) payments feature. According to Revolut, the feature was created to help fight against fraud and to keep Revolut users safe. “3DS is a step you take when buying something online… Read More

August 30, 2019 @ 9:49 am By JD Alois  |  

Digital bank Revolut is working with WWF and The Rainforest Alliance regarding the emergency appeal to support those dealing with the devastation caused by fire to the Amazon rainforest. Revolut has a donations feature as part of its bank application. Revolut initially launched this past… Read More

August 23, 2019 @ 6:59 am By JD Alois  |  

Digital bank Revolut has added to its executive team with several new hires harkening from traditional finance. According to Revolut, the Fintech bank has hired Philip Doyle as Director of Financial Crime Risk, Wolfgang Bardorf as Treasurer and Stefan Wille as Deputy Chief Financial Officer…. Read More

August 14, 2019 @ 7:01 pm By JD Alois  |  

Digital bank Revolut has integrated Xero, an SME accounting platform, to facilitate seamless business expense reporting. The Revolut for Business app has also been updated for team members to upload receipts and add expense information, according to a release from the company The new “Expense… Read More

August 1, 2019 @ 11:05 am By JD Alois  |  

Digital bank Revolut is now offering commission-free stock trading service. Revolut has indicated its intent to offer a brokerage service in the past. The Fintech is now allowing Revolut Metal customers first access with access to all customers being rolled out in the coming weeks…. Read More

July 24, 2019 @ 8:52 am By JD Alois  |  

Digital bank Revolut has updated its business banking account offerings. According to Fintech, Revolut for Business has launched two business account plans with no monthly fees. The new business account plans is said to “reaffirm Revolut’s commitment to democratise access to business accounts.” Additionally, Revolut… Read More

July 1, 2019 @ 3:25 am By JD Alois  |  

Digital bank Revolut has announced a new feature that facilitates donations to charitable causes. Launched today, Revolut’s new in-app feature labeled “Donations”, allows customers to round up payments and donate the money to three international charities. Another option of the feature is to allow customers… Read More