Fintech Insider Podcast by 11:FS
917. News: 'Black Fraud Day' warning for shoppers and Revolut hits the big 5-0
Nov 25, 2024
Veronica Glab, a fractional fintech consultant, highlights the challenges fintechs face while gaining traction. Matt Ford, CEO of Sidekick, discusses democratizing wealth management for all. Dave Excell, founder of FeatureSpace, delves into the rising threat of online fraud, particularly around Black Friday, urging consumer vigilance. The team also celebrates Revolut's milestone of 50 million users and their new stock trading license, while exploring innovations like Mama Money's WhatsApp bank card aimed at underbanked communities.
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Quick takeaways
- Revolut celebrated reaching 50 million users globally, enhancing its competitive edge by launching a new stock trading license for the UK and EU.
- With Black Friday approaching, cybersecurity officials alert shopping consumers about increased fraud risks, emphasizing the importance of vigilance and secure payment methods.
Deep dives
Revolut's Milestone and Stock Trading Expansion
Revolut recently achieved a significant milestone by surpassing 50 million users globally, with 10 million in the UK alone. The company secured a new stock trading license from the UK's Financial Conduct Authority, enabling it to offer UK and EU listed stocks and exchange-traded funds. This strategic move enhances Revolut's stock trading capabilities, allowing it to compete with established players such as FreeTrade and Trading212. As part of the celebration, Revolut is hosting an event in London featuring notable guests and highlighting its growth.
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