Revolut Free Trading Tweet? 🦅

(Emma) #315

I’d just noticed that. So it’s not really trading then?

And it’s back to being months again

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#316

I think it’s because they may stick to the original name of Revolut Wealth

(Emma) #318

Basically more details of things we already knew, but declining to give a comment always makes it look like it’s true

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(Emma) #319

Not a good press day for them

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(Alex Sherwood) split this topic #320

2 posts were split to a new message: Revolut Trading thread

(Andrew Clark) #321

They’re clearly going for the get-big-as-soon-as-you-can approach to business. To be frank there is a place for it and if measured in terms of signups and country presence they’re winning at some level. Presumably the KYC lapses and working practice issues will be addressed over time but agree it’s not a good look. However, I don’t think most people follow Fintech news to the level we do and it won’t resonate. After all, many of us buy from Amazon and Apple who have “interesting” work practices. Also, whatever people might think of Chad, it does all seem like a pile-on at the moment.

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(Rob N) #323

There’s a lot coming out now, but it feels like there’s more to come…

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(Chris) #324

I’m totally shocked and surprised at these revelations.

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(Aris David) #325

Revolt Card - good riddance for me.

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(Chris) #326

Pun intended. Because it’s perfect.

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(Rob N) #327

Response from Revolut. Interesting comments which are mostly negative.

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(Harry) #328

Whether the above statements are correct or not, I do like this bit:

“In our view, the new systems were imprecise and were resulting in too many false positive cases, which in turn resulted in an increase in customer dissatisfaction”

Read: cost us too much in administration, therefore we brought in something to save costs. Use the ubiquitous shroud of customer (dis)satisfaction.

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(Chris) #329

Shocked I tell you. Shocked.

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(David Kent) #330

Wow! I’m glad I didn’t get a revolut card in the end! I hope freetrade don’t get tempted by the quick and easy route like those guys did.

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(Emma) #331

Following on from the previous tweet

google ‘ City of London Police launch fraud investigation into Revolut’ to bypass the paywall

https://www.ft.com/content/bd58f570-3e87-11e9-b896-fe36ec32aece

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#332

Revolut Is Testing the Limits of Finance

https://www.bloomberg.com/news/articles/2019-03-21/in-revolut-s-rush-to-be-uber-of-finance-mobile-bank-tests-limits

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(Alex Sherwood) #333

There’s some pretty eye opening quotes in that story!

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(Jonny) #334

“It has always been like, ‘we have to be compliant.’ But how compliant? It’s another thing, right?”
:face_with_raised_eyebrow:

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#335

I imagine using this line with my wife:

“It has always been like, ‘we have to be faithful.’ But how faithful? It’s another thing, right?”

We need a new t-shirt slogan:
“What would Revolut do?”

:sunglasses:

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(Emma) #336

My only regret is that I can only give this one like :disappointed:

:joy::joy::joy:

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