Revolut ends its remote-first policy and will require new graduate and intern employees to work from the office at least three days a week.
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finextra
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The European Central Bank moved last year to restrain Revolut's rapid expansion across Europe over concerns its growth was outpacing internal controls.
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finextra
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Revolut has abandoned its strategy to acquire a U.S. bank and is now pursuing a standalone national bank charter from the Office of the Comptroller of the Currency (OCC).
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pymnts , finextra
)
Revolut is offering a share buyback program to its former employees, allowing them to sell their shares back to the company at a 30% discount.
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pymnts
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Revolut has entered into a payments partnership with Booking.com, enabling customers to manage their travel-related expenses directly through the Revolut application.
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finextra
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Revolut has submitted an application for a banking license in South Africa and has appointed Gaby Magomola as the chairman for its operations in the country.
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finextra
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Revolut has introduced fee-free conversions from fiat currency to stablecoins, aiming to simplify access to the crypto market for its users.
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finextra
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A major investor in Revolut is reportedly re-evaluating its investment strategy, shifting its focus towards supporting existing portfolio companies rather than pursuing new deals.
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pymnts
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Revolut is reportedly facing additional delays in securing its UK banking license, while also expanding its offerings through the acquisition of an AI travel agent.
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finextra
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Consumer group Which? has identified Revolut as the UK's worst firm for fraud complaints for the second consecutive year, based on its latest findings.
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finextra
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Nvidia has reportedly invested £2 billion into the UK's artificial intelligence ecosystem, with beneficiaries including fintech firm Revolut and AI startup Nscale.
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finextra
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Revolut has introduced a new 'Pay by Bank' open banking tool, integrating it into its payments gateway to allow customers to make direct payments from their bank accounts.
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pymnts , finextra
)
Revolut has received in-principle approval from the Central Bank of the UAE for a payments services license, marking a significant step towards offering its financial services in the United Arab Emirates.
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finextra , pymnts
)
Irish banks are collaborating to develop a new mobile peer-to-peer (P2P) payments system, aiming to compete with the growing market share of fintech companies like Revolut.
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pymnts , finextra
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Revolut and Monzo have launched new interest-bearing savings accounts tailored for children, increasing competition in the youth banking market.
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finextra
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Revolut is reportedly considering hiring advisers to explore a potential banking acquisition in the United States.
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pymnts
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Revolut is reportedly exploring the acquisition of a U.S. bank to secure a federal banking license, aiming to expand its presence in the American market.
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pymnts
)
Reports indicate a disagreement between Bank of England Governor Andrew Bailey and Shadow Chancellor Rachel Reeves regarding Revolut's application for a UK banking license.
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finextra
)
Revolut has launched a new initiative designed to provide financial independence for individuals aged 16-17.
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finextra
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Etihad Guest, the loyalty program of Etihad Airways, has integrated with Revolut's points program, allowing Revolut customers to convert their points into Etihad Guest Miles.
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finextra
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The article explores how fintech companies Wise and Revolut are evolving their business models beyond their core money transfer services to encompass a broader range of financial offerings.
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finextra
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MoonPay has integrated Revolut Pay as a payment option, allowing users to purchase cryptocurrencies directly using their Revolut accounts.
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finextra
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Revolut CEO Nik Storonsky is reportedly set to receive a substantial bonus if the fintech company manages to triple its current valuation.
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finextra
)
Revolut announced plans to invest €1 billion in France, open a Western Europe headquarters in Paris, and apply for a banking license in the country.
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finextra , thepaypers
)
Revolut reported its financial results for FY24, achieving its first profit exceeding $1 billion, attributed partly to growth in subscription and wealth management services.
(
finextra , pymnts
)