Tagged: revolut

Revolut’s Standard, Premium & Metal Customers Now Has Access to Silver Through Mobile App

  Digital bank Revolut announced earlier this week its standard, Premium and Metal customers may now have access Silver through the Revolut app. According to Revolut, Silver and Gold are now available through the Revolut app in the Commodities tab in the Wealth section of… Read More

Regtech ClauseMatch Plans US Expansion, Signs Up 2 North American Clients

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

UK FCA Halts Wirecard’s Regulated Activities, Fintechs Scramble to Adapt, German MPs Call for an Inquiry into Wirecard’s Collapse

  On June 26, the UK Financial Conduct Authority (FCA) imposed several “requirements” on Wirecard‘s (WDI:DE) activities in the UK. The move was in response to Wirecard’s missing €1.9 billion in funds along with allegations of fraud and other nefarious activities. After an audit uncovered… Read More

Revolut Announces Addition of American Express to Open Banking Feature

Digital bank Revolut announced on Thursday the addition of American Express (AMEX) to its Open Banking feature. According to Revolut, the feature allows the bank’s retail customers in the UK to connect their American Express and other banks accounts to Revolut, making it possible to… Read More

Revolut Launches Open Banking Services to More Than One Million Irish Retail & Business Customers

  Digital bank Revolut announced on Wednesday the launch of Open Banking for its more than one million retail and business customers in Ireland. According to Revolut, the new Open Banking feature allows retail customers in Ireland to connect their AIB, Permanent TSB, Ulster Bank,… Read More

Revolut Unveils New Version of Financial “Super” App

Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app. Revolut further explained that the app’s redesign has focused on creating… Read More

Over 30% of Digital Bank Revolut’s 10 Million Finance App Users have traded Cryptocurrencies in the Past Month

  Data from leading UK-based digital bank Revolut shows that the cryptocurrency trading habits of its users have changed, following the COVID-19 outbreak. Nearly a third or over 30% of Revolut’s 10 million finance app users have been trading virtual currencies. The neobank’s app has… Read More

Digital Banking: Monzo, Starling, and Revolut Make it Much Easier to Open Accounts, According to a Recent Review

Many large banks in the United Kingdom appear to be falling behind their all-digital competitors when it comes to providing better overall customer service, which includes the ability to allow clients to quickly open new accounts – according to a recent review performed by Peter… Read More

Digital Bank Revolut Integrates with Clear Books.

Digital Bank Revolut has integrated with Clear Books the cloud-based accounting system. The feature will enable Revolut’s more than 400,000 business accounts to seamlessly view and manage reports and track expenses and bills. Clear Books will now sit alongside Xero, Slack, FreeAgent, Zapier and other… Read More

UK-based Digital Bank Revolut to Lay Off 60 Workers, Due to COVID-19

UK-based digital bank Revolut, which was most recently valued at $5.5 billion, has reportedly laid off around 60 workers, as the COVID-19 outbreak appears to have negatively impacted the firm. Nikolay Storonsky, the Russian  CEO at Revolut, announced the layoffs on May 11, 2020, according to… Read More

Revolut Takes Next Step in Becoming Full-Fledged Bank with Launch in Lithuania

Revolut, a digital bank with 12 million users worldwide, is taking the next step in becoming a true bank by utilizing its European bank license in Lithuania. Previously, Revolut has been offering most services with an e-Money license. Revolut said it intends to passport its… Read More

Revolut & Chime: Two Digital Bank Founders Talk About Building the Bank of the Future

Last week, FT Partners, a Fintech focused investment bank, held a Zoom presentation where more than 5,000 individuals registered to attend. The interest in the presentation was, of course, driven by the speakers: Nik Storonsky, founder and CEO of Revolut and Chris Britt, founder and… Read More

Digital Bank Revolut Partners Digital Advertising Platform Adzooma to Offer Assistance with Marketing to Business Clients

Digital bank Revolut has reportedly partnered with Adzooma, a digital advertising platform, in order to provide assistance with marketing to its business clients. Adzooma’s proprietary software has been developed specifically to help SMEs with establishing effective online marketing strategies. The Adzooma platform may be used… Read More

Fintech Funding Declined Sharply During Q1 2020, Many Firms Could Get Acquired by Incumbents, Due to COVID-19 Crisis: Report

Fintech funding has declined significantly during the first quarter of this year, mainly due to the Coronavirus (COVID-19) outbreak, and resulting social and economic challenges. A recent report from Forrester has cautioned that many companies could be forced to shut down as the effects of… Read More

Europe: 3 Largest Digital Banks Have Over 18 Million Users and Growing Larger

The three largest European digital banks have over 18 million registered users combined. That number is predicted to soar to over 23 million by the end of this year, according to a writeup by Finanso. Today, Revolut (UK) is the biggest at over 10 million… Read More

Revolut Now Allows in App Donations to Médecins Sans Frontières

Digital bank Revolut has announced a partnership with Medecins Sans Frontieres (MSF) (Doctors without Borders) to provide support for communities affected by the COVID-19 pandemic. Revolut customers in EEA countries will be able to donate via an in-app feature to help people in need during… Read More

Digital Bank Revolut Is Allowing Premium and Standard Account Holders to Trade Bitcoin, Ether, Litecoin, Recommends Diversifying Investments Following COVID-19 Outbreak

Digital bank Revolut allows its 7 million customers to purchase cryptocurrencies. This, as reserve banks across the globe have announced huge stimulus packages to support their struggling economies, following the deadly Coronavirus (COVID-19) outbreak. This support from Revolut, which is notably one of Europe’s most… Read More

Revolut to Move Non-UK Customers in Central & Eastern Europe to Newly Licensed Lithuanian Entity Before End of Brexit Transition Period

Digital bank Revolut recently announced plans to move non-UK customers in Central and Eastern Europe in its newly licensed Lithuanian entity before the end of the Brexit transition period in December 2020. The company went on to share more details about its response to Brexit…. Read More

Fintechs Start to Furlough Employees as the Economic Impact of COVID-19 Sinks In

Fintechs are starting to furlough employees as the economy tanks due to the COVID-19 induced decline. While not officially in recession, major economies are bracing for the worse while businesses are compelled to let employees go as business activity slows. On Monday, it was reported… Read More

Majority of European SMEs are Still Working with Traditional Financial Service Providers, New Report Reveals

Most small and medium-sized enterprises (SMEs) continue to prefer and work with traditional financial service providers, even though there are now many new digital-first businesses. This, according to Revolut Business, which has published a report, titled “2020 Vision: Taking a closer look at antiquated banking… Read More

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