917. News: 'Black Fraud Day' warning for shoppers and Revolut hits the big 5-0

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Nov 25, 2024

Guest

Veronica Glab

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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ANECDOTE

Revolut's Regulatory Journey

Revolut previously operated under a principal appointed representative setup, common five years ago.
The FCA clamped down on this due to oversight issues as companies like Revolut grew significantly.

INSIGHT

Revolut's User Base

Revolut's 50 million users are a bigger headline than their new stock trading license.
The license allows them to offer UK and EU stock trading, competing with established players.

ADVICE

Black Friday Fraud Prevention

Use credit cards, enable two-step verification, and avoid suspicious links to protect yourself against fraud.
Fraudsters target deal-hunters during the holiday shopping season, so remain vigilant.

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Join host Benjamin Ensor alongside some very special guests as we look at the biggest financial services and fintech stories of the past week.

Topics covered include: Revolut hitting 50 million users as they gain a new stock trading license; online shoppers being warned to be extra vigilant this ‘Black Fraud Day’; South African fintech Mama Money Financial Services launching a new bank card that allows cardholders to manage their accounts and money through WhatsApp; UBS seeking approval to operate as a national bank in the U.S.; and the launch of the Chase UK credit card!

This week's guests:

Veronica Glab, Fractional fintech consultant and ex Innovate Finance
Matt Ford - CEO and Co-founder of Sidekick
Dave Excell - Founder of Featurespace

With soundclip from:

Kuba Fast - CEO of Chase UK

Stories covered on the show:

Revolut to launch UK, EU stock trading with new licence as they hit 50m global customers

Black Friday turning into ‘Black Fraud Day’, says UK Cybersecurity Chief

Mama Money launches WhatsApp bank card

UBS applies for National Bank Licence in the U.S.

JPMorgan’s Chase UK bank launches first credit card

Atom Bank buys acres of new woodland in Northumberland to account for all its operational emissions since founding

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