Revolut has officially launched in Australia which marks the first country they have entered outside of Europe; they are currently...
According to figures from the Financial Ombudsman Service (FOS) Revolut received 171 claims from UK customers between January 1, 2015...
According to a new study by consultancy firm A.T. Kearney the combination of digital only banks and the fact that...
In news of cross-selling financial products across categories, roboadvisor Wealthfront has gathered a nifty $1 billion of deposit assets for its 2.29% interest-yielding non-bank cash account. Given that the firm has a little over $10 billion in managed investment assets, charges somewhere between 0 and 25 bps on those assets, and took years of wiggly pivoting to get to the current stage, it is fair to consider this influx a big win in terms of client traction. It is also $22 million of annual interest payments. A couple of things come to mind that are worth pulling apart.
Revolut has become one of the most valuable and talked about fintech startups in the world as they have amassed...
JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?
UK based digital banking startup Revolut has launched a group vault feature where users can collaborate on goals by setting...
One of Europe’s hottest fintech startups Revolut plans to seek a banking license in Russia as the Lithuania government delays...
Revolut CEO Nikolay Storonsky recently wrote that Revolut was not the same company it was 12-18 months ago after stories...
AltFi takes a look at how the digital banks are hiring as many of the top names have all raised...