Tag: Revolut
Revolut’s new AI tool fights rising scam epidemic
Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.
Revolut ramps up anti-fraud efforts with doubled financial crime team
Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.
Exploited loophole causes major $20m security breach for Revolut
In 2022, Revolut faced a significant security breach, leading to a loss of $20m due to a fault in its payment processing system, as...
Revolut integrates crypto compliance firm Elliptic’s blockchain tools to trace transactions
UK-based digital banking service Revolut has partnered with blockchain firm Elliptic to support crypto withdrawals and guard against risk.
FinTech community welcomes UK FinTech review but fear more must be...
The UK FinTech community has welcomed Ron Kalifa's review, but stakeholders argue the government must do more to take the sector seriously and protect the nation's position as an industry leader.
Latin American success stories and celebrities among the 29 FinTech rounds...
Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.
Revolut strengthens anti-fraud infrastructure with new Confirmation of Payee initative
Revolut has launched of Confirmation of Payee, new feature enabling UK customers to be certain that their payments go to the intended recipient.
Revolut applies for UK banking licence
Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation's financial regulators.
Revealing the ten biggest FinTech funding rounds in 2020
Massive amounts of capital have been injected into the FinTech industry in 2020, but ten companies raised bigger rounds than the rest.
Allica Bank taps Sphonic to help it prevent financial crime
Having only launched earlier this year, Allica Bank has now picked Sphonic to manage its financial crime fighting efforts