Latest Revolut News: Finextra Research

Revolut applies for US banking licence

Continuing its quest for global growth, Revolut has filed a draft application for a banking licence with the Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation.

22 March 2021

/retail

Revolut leaves Canada

UK-based fintech player Revolut is leaving Canada after failing to exit beta in the country.

17 March 2021

/sustainable

Fintechs join UK 'Tech Zero' climate taskforce

Revolut, Starling and Wise are among a host of UK fintechs to join a new 'Tech Zero' taskforce to tackle climate change.

01 March 2021

/regulation

The Kalifa Review’s five-point plan to bolster UK Fintech

The long awaited Kalifa Review of UK Fintech has been released, outlining a comprehensive plan to support and bolster the sector’s significant presence across the globe. Led by Ron Kalifa OBE, the in-depth review was launched almost a year ago as a component of Rishi Sunak’s first budget.

26 February 2021

/payments

Revolut rolls out QR code-based payments for business customers

Revolut has rolled out touch-free QR code-based payments for business customers across Europe.

18 February 2021

/retail

Revolut to move to permanent remote working model

Revolut is to move the majority of its 2000-strong employees to a permanent remote working model and has begun the conversion of 70% its office real estate into 'Rev Labs', collaborative spaces for teamwork and in-person knowledge exchange.

04 February 2021

/regulation

Revolut files paperwork for UK banking licence

Revolut has applied for a UK banking licence, enabling the firm to offer FSCS-protected deposits and lending services for customers.

11 January 2021

/retail

Revolut rolls out Plus accounts for purchase protection

Revolut is rolling out a low-cost subscription option which will give customers purchase protection and other features for £2.99 a month.

16 December 2020

/retail

Brits still wary of trusting neobanks

Despite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest.

10 December 2020

/retail

Revolut taps Modulr API to launch early salary feature in UK

Revolut is launching a salary advance feature, enabling its three million UK customers to draw down their pay cheque a day early each month.

02 December 2020

/retail

Revolut launches Web app

Revolut is shifting from mobile-only to an online model, enabling its 13 million customers around the world to access their accounts from a desktop PC or laptop.

01 December 2020

/payments

HSBC to launch Transferwise rival

HSBC is taking on the likes of Transferwise and Revolut with the launch of Global Money Account, a free mobile-based service that customers can use to hold, manage and send funds in various currencies to HSBC customers in over 20 markets around the clock in real-time without incurring any fees.

05 November 2020

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