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The Latest Breaking News from Revolut

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.

Fortune

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.

Evening Standard

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

The Guardian - UK

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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.

Fortune

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

Evening Standard

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

The Guardian - UK

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

Evening Standard

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There's a neat way to avoid roaming charges no matter what network you're on

New service offers easy access to eSIM roaming data across the globe.

Revolut is launching a mobile eSIM for business travellers

Revolut customers can now get access to an eSIM to access banking and more in 100+ countries globally.

TechRadar

Revolut could face million-dollar damages after biometric data lawsuit

Revolut could face millions of dollars in damages after being hit by allegations of illegally collecting, storing and using its customers’ biometric data in a fresh lawsuit filed in the US.

Evening Standard

Fintech firm Revolut hit by £25m loss after hiring spree

Firm gave near 80% pay increase to founder despite uncertainty over approval of UK banking licence

The Guardian - UK

Revolut swings to £25 million loss as auditor says IT issues 'resolved'

The rosy audit opinion gets the London fintech a step closer to securing a banking licence

Evening Standard

Apex Fintech Solutions will try to go public again

The custody and clearing firm has confidentially filed its draft registration statement with the SEC.

Fortune

Revolut mulls auditor switch as banking licence decision looms

London fintech giant Revolut has been considering switching auditors after its last annual accounts were only signed off with a health warning, the Standard understands.

Evening Standard

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The Independent UK

Revolut hikes fees and widens access to apps from ClassPass to Tinder Gold

The financial platform said it is the first time it has changed the prices of some plans since launching in the UK five years ago.

Fortune

U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country's big banks

The 5 leading banks in the U.K. have experienced a sustained decline in market capitalization since 2008. Meanwhile, fintech has become the most valuable segment of the British tech industry.

The Conversation

What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the 'unbanked'

Last year, the CEO of financial technology (fintech) company Revolut added a UK banking license to his 2022 Christmas wish list, telling startup news outlet Sifted: “I would love to have it as a Christmas present. A present for me personally and for the business.”

The Guardian - UK

‘It’s just a matter of time’: why AI could help Europe create its own Apple or Google

Silicon Valley overshadows its transatlantic rivals. But as artificial intelligence grows – and with a global summit on it this week – some think it could offer a Euro startup the chance to become a new Google

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news in one place.

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The Independent UK

Travel money: How to get the best exchange rates on your holiday currency and top ways to pay abroad

Using your usual UK bank debit card abroad could trigger some annoying fees

The Guardian - UK

Bank of Ireland glitch let customers withdraw money they didn’t have

‘Technical issue’ allowed transfers and withdrawals beyond customer limits and made online banking unavailable

Fortune

$33 billion startup Revolut cites ‘evolving regulatory environment’ in decision to end crypto service to U.S. customers

The decision follows the fintech firm's delisting of three tokens the SEC claimed were unregistered securities in its lawsuits against Binance and Coinbase.

Evening Standard

Fintech firms voice frustration as regulatory approvals plunge to fresh lows

Just seven applications were approved in the first quarter of 2023, in signs fintech firms face a near-impossible pathway to getting regulatory clearance to operate in the UK

TechRadar

Hackers steal millions after cracking Revolut payment systems

Before Revolut managed to plug the hole, hackers stole $20 million.

Zenger

Revolut Launches Robo-Advisor In The US, Positions Itself As A Holistic Financial Platform‌

‌The new feature of the app gives users access to a range of investment options and automated portfolio management tools.‌

Newsroom.co.nz

A short history of doing sweet FA on bank innovation

It’s not just the upcoming ComCom banking inquiry; three announcements in the past month are intended to nudge NZ towards more competitive, more innovative, consumer-focussed banking system. But it’s taken far too long, and there’s a long way to go.

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