An outage at Google Cloud on Tuesday caused Revolut Ltd. and other UK banks to lose access to their banking services, highlighting the reliance of financial institutions on cloud infrastructure.
The UK‑based fintech Revolut secured a crypto licence from the Gibraltar Financial Services Commission, allowing it to roll out cryptocurrency services in more overseas markets, although it did not reveal which countries or the timing of launches.
At the Wave by Vento tech conference in Turin, Revolut CEO Nik Storonsky said the fast‑growing fintech plans to expand aggressively in the United States, targeting a leading position and challenging traditional financial giants like JPMorgan and American Express.
Revolut Ltd. is testing a facial‑recognition checkout system for UK retailers, enabling customers to complete in‑store payments with a simple face scan as part of its push to win more business clients.
Founder and CEO Nik Storonsky outlined his vision for Revolut to become a global bank with virtually zero risk, presenting it as the most valuable startup in Europe.
Revolut announced that a small number of its customers were affected by a scam that used a genuine government email address to trick them, resulting in the exposure of some personal data.
Revolut Ltd., the UK‑based fintech, entered the stablecoin market by introducing a token pegged to the euro, signalling its belief that digital currencies will play an expanding role in payments and commerce across Europe and beyond.
A luxury yacht broker has filed a lawsuit against Revolut CEO Nikolay Storonsky, claiming he intentionally bypassed broker fees. The case provides a rare look into the secretive world of high‑end yacht deals and highlights potential governance issues for the fintech’s leadership.
Revolut has started a secondary share sale for employees, pricing the company at a $115 billion valuation.
Revolut, a London-based fintech company, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate crypto services in the UAE, including broker-dealer, management and investment, and exchange services.