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The Latest Breaking News from Revolut

Cryptocurrencies are making investors very rich – and making it harder to catch financial scammers

Fraudulent payments – where people are tricked into sending money to criminals – cost consumers £460 million in England and Wales last year. To give consumers more protection, the UK government now plans to give banks 72 hours to delay completion of potentially fraudulent transfers.

The Conversation

Traditional banks are proving to be too slow and cumbersome for SMBs

Old-school banks are ending up too costly and slow for many businesses who want more mobile funcitonality.

TechRadar

Spending on rent and mortgages jumped in October, says Barclays

The bank’s Property Insights report found that spending on rent and mortgages jumped by 6.4% annually last month.

The Independent UK

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The bank named in more fraud complaints than any major UK competitor

One Revolut customer said he had £165,000 stolen from his business account by fraudsters

The Independent UK

Best travel money cards to access currencies abroad

Forex options that won’t leave you out of pocket

Evening Standard

Scam warning over little-known phone number rule

There are reports of people being bombarded with calls from debt collectors or people contacting them to buy drugs

The Independent UK

Revolut Urges Meta To Step Up On Cyber Fraud Reimbursement

British online bank Revolut on Thursday urged Facebook owner Meta to reimburse victims of password security breaches, blasting the US tech giant's data-sharing partnership with several UK banks as "woefully" inadequate.

International Business Times

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Minister urges UK financial regulator to rethink ‘naming and shaming’ plan

Tulip Siddiq says she will make a decision after Financial Conduct Authority reports back to her

The Guardian - UK

EXCLUSIVE: Paybis CEO Talks Revolut Pay, SWIFT Integration, Crypto Adoption In Business

Paybis recently integrated with Revolut Pay and SWIFT, empowering businesses to offer more seamless crypto services to their clients. The integration marks a pivot toward broader crypto adoption in business.

International Business Times

Fintech firm Revolut valued at $45bn in employee share sale

Staff in line for $500m windfall, with company now worth more than market valuations of big high street banks

The Guardian - UK

Revolut valuation hits $45 billion in staff share sale as Tiger Global ups investment

Britain’s newest bank has signed agreements over a secondary share sale at a $45 billion valuation, with existing staff set to cash in their shares as investor Tiger Global increases its stake in the business.

Evening Standard

Revolut's UK banking licence is fantastic news...for the FT

Congratulations are in order to Nik Storonsky, co-founder of Revolut and arguably the most patient businessman in London. He has had to wait a tedious three years to finally secure a British banking licence, opening the door up to further expansion for the $45 billion fintech.

Evening Standard

Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened

Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandal

The Guardian - UK

Revolut finally receives UK banking licence after three-year wait

Move paves way for fintech firm to hold customers’ deposits and offer own-branded loans, including mortgages

The Guardian - UK

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Evening Standard

Revolut receives UK banking licence

Revolut today ended a painful three-year wait to secure a British banking licence in a breakthrough moment for Britain’s biggest fintech, paving the way for major expansion.

The Conversation

Books that shook the business world: Wikinomics by Dan Tapscott and Anthony D. Williams

I have a confession to make. Despite being an academic, I do not actually read many books. In truth, I don’t often find books about what I like. My interest is on how the latest technologies affect business, and this topic is usually covered better by research articles and the…

Evening Standard

Revolut's new banking licence strategy

Crypto? What crypto?

Fortune

The VC behind Mistral, Revolut and Slack just raised $2.3 billion to invest in long-term AI champions: ‘The era of the quick buck mentality is over’

“We think Europe is going to be one of the most important ecosystems for AI,” Index Ventures's Hannah Seal told Fortune.

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news in one place.

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Fortune

Revolut billionaire Nik Storonsky set for a 9-figure payday as part of upcoming $500 million share sale

The secondary sale will be closely monitored as Revolut has become the crown jewel of the U.K.’s fintech sector and the most valuable private company in Europe.

Evening Standard

Billionaire Nik Storonsky builds side quant bet to Revolut

Nik Storonsky spent the past decade shaking up banking with his financial services firm Revolut. Now the billionaire former Lehman Brothers trader is looking to pull off a similar feat in venture capital.

The Guardian - UK

Revolut reports record profits as it hints at plans for IPO

London-based fintech company has been waiting more than three years for its UK licence to be approved

Fortune

Why the nation of Alan Turing is poised to revolutionize AI despite the recent dip in investment, according to a venture capitalist

There are two axiomatic ingredients for building world-changing companies: Capital and talent. In both areas, Britain is at a huge advantage.

Evening Standard

Phone snatch city: Revolut ramps up security amid surge in muggings

Crime statistics show a 34 per cent rise in knifepoint robberies in London last year

The Guardian - UK

I’m a victim of scammers. But Revolut says ‘no’ to a refund

The company seems to hold me entirely responsible for the fact £40,000 was stolen

Evening Standard

Banker bonus gap widens as men awarded more variable pay than women at top financial firms

Median bonuses widened between men and women in 11 out of 18 banks in the UK

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