Revolut

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Monzo’s new valuation puts it in the upper echelons, just behind a pair of SoftBank Group-backed startups that raised money this year. Photograph: iStock

Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion (£2 billion), making it one of the UK(...)

PTSB is set to increase the cost of its Explore current account by 50 per cent. 	Photograph: Alan Betson

Permanent TSB is set to increase the fixed monthly fee for its Explore current account by 50 per cent this summer, thus making it more difficult for c(...)

Revolut CEO and co-founder Nikolay Storonsky: “As we grow, we are changing our culture. We do not communicate as aggressively as we did before.”

Revolut, the upstart bank, is considering introducing a disruptive new innovation to its business: a phone number. Since it launched in 2015, users (...)

Revolut is authorised in the UK  under the Electronic Money Regulations 2011, and according to the Central Bank of Ireland, is passporting its services into this country  on a freedom of services basis

Revolut has a banking licence in Lithuania, an emoney licence in the UK, operates in Ireland on a freedom of services basis and intends to be a member(...)

Irish banking customers tend to be very slow to do so, but switching may now make more sense than ever before. Photograph: iStock

Banking is getting more expensive. Back in January, Permanent TSB disclosed it was making it more difficult for its legacy customers to qualify for fr(...)

In a blog post on Friday, before news of the regulatory probe, Revolut said “at no point . . . did we fail to meet our legal or regulatory requirements”.

UK financial watchdogs are questioning whether Revolut failed to abide by rules requiring it to be open and frank with its regulator, piling further p(...)

Cofounder and chief executive of smartphone-based bank N26, Valentin Stalf, attends a session at the Paris Fintech Forum Photograph: Eric Piermont/AFP/Getty

German digital bank N26, which offers accounts to Irish customers, has become Europe’s most valuable financial technology start-up after raising $300 (...)

Revolut is currently opening between 8,000 and 10,000 current accounts daily and transacting more than $4 billion per month in volumes

Digital banking alternative Revolut, which now claims 200,000 Irish customers, has been granted a European banking licence and intends to start accept(...)

Growth in construction continued in October but the pace of expansion slowed to its lowest rate in more than three years, the latest figures show.

A deal designed to lift the threat of US sanctions on the owner of manufacturer Rusal Aughinish Aluminaand secure around 2,000 Irish jobs hangs in the(...)

Revolut CEO Nik Storonsky said several banks have already approached the company to buy the technology. Photograph:  PA

Fintech firm Revolut has implemented new machine-learning technology that has cut card fraud significantly, the company said. The firm said it is usi(...)

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