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The Latest Breaking News from Revolut

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.

Newsroom.co.nz

Pocket money: how best to give your children cash

From payment cards and apps to how much, there are ways to help kids learn to manage finances

The Guardian - UK

Automation, regulation and immigration: Key themes ahead of London Tech Week

This year’s London Tech Week is set to be the biggest yet

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Irish woman loses €10,000 in matter of minutes in convincing Revolut fraud

The Galway woman received a link to fill out her personal details after what looked like an outstanding Electric Ireland bill

Irish Mirror

Irish woman scammed out of €10,000 in matter of minutes in Revolut fraud

The woman spoke about how devious fraudsters stole a large sum of money after trapping her in a 'clever' scam

Dublin Live

Are the wheels coming off for Silicon Roundabout? Top tech bosses are divided

Microsoft isn’t the only firm to warn the tide is turning

Evening Standard

Starling Bank founder steps down as CEO to avoid potential conflict of interest

Anne Boden is also a major shareholder and hopes move will shield online bank from possible concerns

The Guardian - UK

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London’s financial dominance is under siege

City Voices: There’s a growing narrative that London is closing the door on business and our institutions are doing nothing to counter it. This vacuum is being filled by influential executive public anger.

Evening Standard

UK ministers ask to meet Revolut amid reports it may be refused licence

Britain’s most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad

The Guardian - UK

Save £300 on your supermarket shop with cashback accounts

Banks, credit card companies and cashback sites are all offering cashback on your supermarket shop, but can you use them all to max out your savings?

The Money Edit

Revolut CFO quits for ‘personal reasons’ weeks after auditor BDO warning on accounts

The CFO of Revolut has quit the firm just weeks after its auditor said it was unable to independently verify three-quarters of the revenue in the company’s 2021 accounts.

Evening Standard

City grandee behind £1.1bn TalkTalk takeover joins board of fintech Total Processing

Martin Gilbert co-founded Aberdeen Standard Investments and is also the chairman of Revolut

Birmingham Post

Revolut bank’s valuation stretches credulity despite $15bn slump

It is hard to see how hopes of future growth justify the challenger bank being worth $18bn – not least as it made only £26m in 2021

The Guardian - UK

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

The Guardian - UK

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Irish Mirror

Irish Revolut customers urged to update detail after major change to accounts

In line with this change, anyone who is using Revolut for direct debits or other automatic payments from their account is being urged to update the Iban details

Dublin Live

Revolut users can win €2,500 with new car insurance promotion

The lucky winner will be announced after a draw and receive the money directly into their account

Irish Mirror

Revolut to offer car insurance to Irish customers 30% cheaper than leading competitors

The online banking app is taking a leap into car insurance

The Independent UK

Top money-saving tips and tricks parents are passing on to their children

From saving “little and often”, cutting down on car use, and learning to cook at home Mums are trying to teach their kids a host of money-saving tips from an early age

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Daily Mirror

Four in five mums passing on money-saving tips to kids - like making use of discounts

Almost all mums feel it is their responsibility to guide their little ones on how best to save money - such as saving 'little and often'

Evening Standard

‘We can’t make payroll’: scores of London tech firms in cash crisis amid Silicon Valley Bank collapse

The UK startup ecosystem is under immense strain today after the collapse of Silicon Valley Bank has prevented scores of startups from accessing the cash to pay staff.

Evening Standard

Tech firms pour cash into Revolut and Wise amid Silicon Valley Bank demise

UK tech firms are pouring cash into Revolut, Wise and other London fintechs after scrambling to withdraw funds from Silicon Valley Bank amid fears they may lose access to their deposits, the Standard has learned.

Evening Standard

Revolut report shines spotlight on other London fintechs with missing accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

Evening Standard

Revolut’s auditors ‘unable to verify’ three quarters of its revenues, report shows

BDO warned some information may be “materially misstated”

The Guardian - UK

Fintech firm Revolut moves closer to UK banking licence after first annual profit

Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

Evening Standard

Revolut ‘really near the very final stages’ of getting a UK banking license as sales jump 33% in 2022

Fintech giant Revolut today said it was “really near the very final stages” of securing a banking license in the UK as it reported a near-tripling of sales and a breakthrough to profits in 2021 in a long anticipated set of results.

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