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Thursday, January 28, 2021
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Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Revolut’s app was downloaded 5.8 Million times in 2020

The digital bank Revolut had more app downloads in 2020 than Monzo and Starling combined.

Revolut accused of failing to pay bonuses to employees

The London based challenger Revolut has been accused of not paying promised bonuses to employees in its compliance team, sparking a dispute that contributed to a rise in frozen customer accounts, FT reported.

Revolut launches Revolut Plus, a mid-tier premium account

Revolut announced the launch of an affordable premium option called Revolut Plus for £2.99 per month.

Revolut reached break-even in November, according to CEO Nik Storonsky

The CEO of Revolut Nik Storonsky claims his company broke even in November, just a month after Starling's Anne Boden announced the same.

Revolut names Rebecca Macieira-Kaufmann to its US board

Digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors.

Revolut launches early salary feature in the UK and Web app

Revolut introduced two more features during this week. The challenger bank is shifting from mobile-only to an online model and Revolut has partnered with Modulr to let you receive your salary a day early.

Revolut junior introduces new “Co-Parent” Feature

The Co-Parent allows all the premium customers using Revolut Junior are now able to invite another parent or guardian to manage the child’s account cooperatively.

Revolut and TrueLayer are bringing Open Banking to users in Germany

With the new Open Banking function (linked accounts), Revolut customers can now link all their bank accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse in the Revolut app.
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N26 announced the appointment of Dr. Jan Kemper as CFO

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Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.