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Revolut CFO resigns following money laundering controversy
- DyslexicAtheist 8y agoMoney laundering is totally OK as long as you do it on a large enough scale /s: https://www.ft.com/content/527fe170-3b79-11e9-b72b-2c7f526ca5d0 https://www.ft.com/content/527fe170-3b79-11e9-b72b-2c7f526ca...
- lelima 8y agoAre you a drug Dealer dude? JK
- DyslexicAtheist 8y agoI sell potatoes on an .onion site. They are high quality potatoes. You want some? One for two - special price for you!
- gondo 8y agoalso CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/1101081229351415808 https://twitter.com/phillipcaudell/status/110108122935141580...
- baby 8y agoDamn... very disapointing considering how cool their product is. Monzo is better anyway, and the best bank app on the market, and I’ve heard it’s a cool place to work at. Just wish they would be faster to come to the US.
- SpeakMouthWords 8y agoTo be fair you have Simple Bank and Qapital in the US if you're looking for Monzolikes
- baby 8y agoThey are only for UScitizens. Not for other permanent residents. They are nothing to compare with Monzo either.
- k4ch0w 8y agoWow... I'm genuinely shocked at the at the 27 GET IT DONE clicks. I mean this probably worked for that one weekend and until people got their bonus, but I bet you the moment the people had their bonus they would leave. It's a good sprint strategy but costs you talent and talent hiring in the long run.
- deanalevitt 8y agoSpot on! How much productivity is lost due to turnover and re-hiring?
- RubenSandwich 8y ago“Doesn’t matter those people weren’t committed enough so we’re better off without them.” Yes, some people actually use that justification.
- Tade0 8y agoWhat worries me is that in some cases it takes years until something makes them see how ridiculous of a conclusion this is. Or even worse: sometimes that doesn't happen at all.
- mlthoughts2018 8y agoIn many companies, executive management puts more trust in the HR management than other sectors of the org. I speculate it’s for a number of reasons: HR is often the most easily subverted department, needing far less objectivity than departments related to brass tacks product development, IT, customer service, etc. So HR can most easily be a yes-man that executives like to hear from. Also while there certainly are domain-specific properties of HR work that require training and experience, there are also relatively more things handled in HR that are understandable to a layperson with no specialized knowledge in that space, perhaps inviting executives to feel like they are contributing more directly when engaging with HR. Whatever the causes might be, one big effect is that HR usually gets to spin stories about turnover and recruiting to create perceptions such as - nobody could possibly have done anything to prevent a critical employee from leaving - despite some critical person leaving, nobody did anything wrong and if they hired the same person again they should handle everything the same way. - there are just not enough candidates (to disguise the real issue that compensation and benefits are not competitive) - the employee we need has to be open-minded, but we’re only seeing dogmatic people in the pipeline and/or the ubiquitous “not a good culture fit” feedback, to disguise the problem that the company itself is dogmatic and closed-minded, and candidates react to perceived dogmatic culture by turning down interviews or offers. And many more. In other words, HR will spin the situation to say that no productivity is lost to turnover, that nothing could have been done to maintain that productivity, and that whatever happens is never due to misaligned compensation or management failures, it’s just an unchangeable cost of doing business.
- tnolet 8y agoShould there be some kind of “shit list” or “toxic list” for tech companies? Admittedly, public shaming & blaming is tricky if you don’t know the context, and faking a Slack screenshot is trivial (not saying the one here is fake). I guess Glassdoor is as close as it gets now, together with leaks on Twitter posted by the parent.
- kristianc 8y agoRevolut FYI has a 4.2 rating on Glassdoor. One of the problems with Glassdoor is availability bias - it selects in the people who have been around at companies like this for a while and/or thrive in this kind of culture and selects out people who take one look at a company culture like this and leave within a week.
- samstave 8y agoThere used to be a thing called "Fucked Company" - ran by a guy named Pud..
- sschueller 8y agoWow, don't expect any revolutionary products out of a company with such a hostile working environment. I also completely lost any trust that this company can safely deal with my money and private data securely. Absolutely disgusting.
- wil421 8y agoWhy would anyone work for a company like this? You startup folk are much better than this! Thankfully this person pushed back. Why would you ever put up with something like this? I would laugh at the recruiter or manager if I was asked to do something like this. It’s akin to that door to door knife company that takes advantage of college kids. There was a wired article in the twitter link you provided. >She did a 30-minute job interview over Google Hangouts with the London-based head of business development, Andrius Biceika, and was immediately told she had passed to the next round, which would involve a small test. “The surprise came when I received the task and it asked me to get the company as many clients as possible, with each one depositing €10 into the app,” says Laura. The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase. The task’s description didn’t guarantee that reaching the target would automatically qualify applicants for a job, but did advise them on a number of ways they could get clients, such as sharing a “promo code” with their friends, sharing it on social media, and posting promotional flyers on university campuses. After Laura wrote back refusing to do the task and saying she was disappointed that the company would “take advantage of someone that is looking for a job”, Biceika emailed her saying she was the only candidate out of over 350 that had complained about the task. “Apologies you're not up to show what you're capable of,” he wrote in the email.
- kilroy123 8y agoWhat the hell, is that even legal?
- AstralStorm 8y agoIt is, if you agree to do it. In current version of capitalism, person applying for a job has almost no rights except perhaps GDPR.
- sschueller 8y agoIsn't that illegal in the UK without compensation?
- 8y ago
- tomp 8y agoI really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!
- tnolet 8y agoIn an ideal world where all facts are known before hand, yes. In a fast moving startup with toxic management? Good luck.
- schneidmaster 8y agoThis assumes the KPIs were created and "promised" by those responsible for them rather than handed down from above. Which seems unlikely given everything else I've read about this company.
- staticelf 8y agoBut who is promising it? It's not like the individuals that work in the teams tasked to work on the weekends is the same individuals that promise these KPI-numbers? Even so, can you really claim that they are not pushed towards nearly impossible goals? It's very common to not reach a goal for a gazillion of reasons, forcing people to work weekends while you yourself get all the money from it is being an asshat.
- pjc50 8y agoKPIs are an ultimatum not a promise.
- SmellyGeekBoy 8y agoWho gets to set their own KPIs? I've never known a company where this is the case.
- ddebernardy 8y agoThere's a breed of execs out there that go: "Bring [metric] [up|down] [X%] by next [quarter|year]" without the slightest notion of if/how it could get done. And a number of them don't take any variation of "we need to negotiate that" for an answer.
- staticelf 8y agoShithole move, I would rather live in the a shed in the woods than work for a person like that. I would make it official on the slack as well.
- buboard 8y agohe 's just trying to fit in to the whole "finance" ecosystem
- walrus01 8y agoI thought that was more about snorting cocaine off the backside of a stripper.
- deleted 8y ago[deleted]
- flurdy 8y agoSeems a pretty toxic place to work [1]. And toxic recruitment policy of requiring them to acquire 200 customers as part of the recruitment process. [1] https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky https://www.wired.co.uk/article/revolut-trade-unions-labour-...
- jacknews 8y ago"The instructions on the exercise said the applicants should recruit at least 200 clients in a week to have a chance at passing to the next interview phase." Wow, disgusting.
- epx 8y agoThis kind of bullshit goes hand in hand with current interview practices. I am done with this.
- koyot 8y agoIt looks like a managing politics seems very similar to the gulag in XX century. East Europe people have often tendencies to manage that way.
- braythwayt 8y agoThe article summarizes much more original research from the Telegraph: https://www.telegraph.co.uk/technology/2019/02/28/revolut-failed-block-suspicious-transactions/ https://www.telegraph.co.uk/technology/2019/02/28/revolut-fa... Alas, that is behind a paywall.
- randunel 8y agoBoth the HN article and your link appear to be behind paywalls, unfortunately.
- jwmjj 8y agoI can't believe how much people bitch about paywalls in HN... In fucking HN, of all places. You can't bypass a stupid paywall?
- tom_ 8y agoTeach us, O wise one.
- jwmjj 8y agoUse private mode, outline.com, archive.is, fake a google/facebook/twitter referrer, disable javascript, google cache, remove your cookies, etc
- Sujan 8y agoAnd which one of those works for https://www.telegraph.co.uk/technology/2019/02/28/revolut-failed-block-suspicious-transactions/ https://www.telegraph.co.uk/technology/2019/02/28/revolut-fa...?
- jwmjj 8y agoYou can read it just by registering and inputting fake info, they don't even make you check your email account for confirmation. https://pastebin.com/XJM7hLsM https://pastebin.com/XJM7hLsM Of course, for you to check this, you would have to want to read the article, and not just bitch here because it's "paywalled" (when you don't even have to pay)
- entity345 8y agoAnti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.
- dazc 8y agoI kinda agree but money laundering is a big problem too.
- saagarjha 8y agoSomewhat off topic, but I’ve always thought of money laundering as kind of a “lame” crime: it’s what the government charges you with when you seem suspicious but it can’t figure out what you did.
- pavlov 8y agoIt can be easier to catch the big fish for their lame but documented crimes, rather than prove the big conspiracy they're running. Al Capone was convicted for tax evasion after all.
- auntienomen 8y agoUhh no, the US money laundering statute requires a) that the money involved be the proceeds of specific criminal activities, and b) that the financial transactions be _knowingly_ used to disguise the origins and ownership of money. It's used to punish people who are working to disguise serious crimes, principally the mob.
- jstanley 8y agoIn the UK, which is where Revolut is, in order to be convicted of money laundering you merely need to be charged with money laundering, and then fail to convince a court that you are innocent of money laundering. It's one of the few crimes where you're guilty until proven innocent.
- c16 8y agoI guess he wasn't hitting his KPIs or working enough weekends.
- gsnedders 8y agoOr opted to hit KPIs instead of worrying about legal compliance.
- SyneRyder 8y agoWhen I saw that tweet about the KPIs a few hours ago, my first thought was Wells Fargo and the fraud that happened there to hit their KPIs [1]. I genuinely hadn't expected to hear about money laundering at Revolut just a few hours later... maybe I should have. [1] https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scan...
- whoisjuan 8y agoThat tweet with the Slack screenshot, plus a couple of interviews I read, paint the picture of a person who is borderline psychopathic. Edit: For anyone wondering this is the Slack screenshot about KPIs https://twitter.com/phillipcaudell/status/1101081229351415808?s=21 https://twitter.com/phillipcaudell/status/110108122935141580...
- linkmotif 8y agoThis is the kind of thing you institute culturally and don’t put into writing explicitly. Weird that he did the latter. Can’t imagine doing that.
- cyberferret 8y agoHmm... I've been #6000 or so on their waitlist for a card here in Australia for the past 9 months. I've emailed them a couple of time but just been told "be patient". Apparently I can skip 5000 ahead in the the line by referring a friend to their service - however the sheer length of delay and these recent incidents have motivated me to simply cancel my wait for their service. Perhaps I should check the wait list count again to see if they have had a swathe of cancellations lately? Then again, I am half convinced this is just a made up wait counter to increase the FOMO factor. EDIT: I am actually #9750 on the wait list, and can bump myself up 6610 places with a referral. About the same as 9 months ago.
- aussiegeek 8y agoGetting a license to take deposits in Australia isn't easy. And then there was the banking royal commission which isn't going to speed things up. If you are after this sort of thing, have a look at Up
- cyberferret 8y agoI ended up signing with Xinja. There was a wait period there too, but I think it was no more than a month for them to sort out the regulatory approval to be a 'bank' and send a card out to me. Probably easier for them being an AU based company.
- ValentineC 8y agoDid they make you commit anything apart from an email address for your spot in the "waitlist"? I'm guessing that their waitlist is nothing more than a low-effort MVP to convince a regulatory body that the residents of a country want their service there.
- cyberferret 8y agoI believe it was just name and email to register interest. Haven't filled in any additional application or financial details as far as I can remember (it was so long ago now that I applied).
- jypepin 8y agoTheir "friendly" twitter account blocked me because I said their recent ads are not original (copied Spotify). I'm a premium/black card client, and will be removing my money right away and closing my account. Their behavior is just so hypocrite
- sschueller 8y agoI don't like how aggressively Revolut tries to up sell you its premium service. Revolut's metal card seems more like a status symbol and the service seems secondary. Additionally they still have no accounts where I am resulting in IBAN fees. In contrast transferwise may not support "crypto" (Revolut doesn't let you send out or in crypto making it more or less useless) but they are not trying to up sell you and they do have accounts in my country allowing for fast transfers. They don't have fancy metal cards but they have been expanding their services instead.
- fyfy18 8y agoRevolut, N26 and Monzo all have premium accounts with metal cards which are nothing than a status symbol. The banking industry has been doing this for years though with premium credit cards, so it's nothing new.
- sefrost 8y agoI don’t think it’s true that Monzo has a metal card.
- UpperBodyEimi 8y agoYou're correct, it does not. AFAIK Monzo does not have any paid tier accounts either.
- ck425 8y agoThe closest monzo has is an investor card for crowdfunding investors.
- ValentineC 8y agoIf we're talking metal cards by new-age pseudo-banks, there's also Crypto.com's MCO card. I have one, and aside from how it's practically useless because I can't top up fiat into it (I currently have to do SGD>EUR>BTC>SGD just to use the card), it's also heavy. Maybe I'm just the type of customer that they're not targeting.
- 8y ago
- coldtea 8y agoHope the CEO is next: https://twitter.com/phillipcaudell/status/1101081229351415808 https://twitter.com/phillipcaudell/status/110108122935141580...
- davidjgraph 8y agoBlog post just out stating that resignation not related. https://blog.revolut.com/let-me-sec-the-record-straight/ https://blog.revolut.com/let-me-sec-the-record-straight/
- kmlx 8y ago>This roll-out did not result in a money-laundering breach At no point during this time did we fail to meet our legal or regulatory requirements. We conducted a thorough review of all transactions that were processed during this time, which confirmed that there were no breaches. Unfortunately, this fact was not included in the original news story. This roll-out did not result in a breach of any sanctions or money laundering laws and requirements - so we did not send a formal notification to the regulator. Maybe they should have notified the regulator. But knowing how he drives his staff I reluctantly understand where he's coming from.
- deleted 8y ago[deleted]
- maybeiambatman 8y agoTop comment on that post: "I hope your KPI isn't tied to effectively running the company because I'd say your performance rating is "significantly below expectations" and we both know what that means." Oof.
- photoguy112 8y agoso hard to read that text
- sschueller 8y agoHow do I cancel my account? Nothing in the FAQ and support chat in the app is trying to sell me a metal card. EDIT: found it: https://www.revolut.com/help/profile/i-want-to-terminate-my-revolut-account https://www.revolut.com/help/profile/i-want-to-terminate-my-... EDIT2: What a shit show, I have been trying to delete my account for more than 30 minutes now. When you chat through the app you are first connected to a bot which you need to tell you want to talk to a human, after waiting a while you finally get a human which then tells you to authenticate your self by signing into the app!? So thinking something must be borked with the app I close it and go back in only to find out I am back at the end of the queue for support chat which is now "experiencing high volumes"... EDIT3: I still have an account :( the wait is 1 hour now... I can't find any emails address to send me account termination to. WTF EDIT4: Still trying to find where to send my termination email or GDPR complaint (where do I find who the data protection officer is?). I Found that the address listed on their website is not the same as the one in the UK company registry: https://beta.companieshouse.gov.uk/company/08804411 https://beta.companieshouse.gov.uk/company/08804411 EDIT5: Crunchbase has "support@revolut.com" listed so I will give that a try. EDIT6: "Your message wasn't delivered to support@revolut.com because the address couldn't be found, or is unable to receive mail." :(
- baby 8y agoI highly recommend Monzo instead :) it is light years ahead of Revolut.
- sschueller 8y agoMonzo is only available to residents of the UK.
- orf 8y agoI started with Monzo but switched to Revolut, and I can say Monzo is not light years ahead at all.
- baby 8y agoThe people of London will have to disagree with you. Monzo has won the war there.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- braythwayt 8y agoI’m looking forward to the coming Theranos/Frye Festival postmortem exposés. With respect to the CFO, My uninformed guess is that he originally argued for compliance, but was bullied into “playing along” with the growth at ALL costs mantra.
- ucha 8y agoThat's not going to happen. This schadenfreude is sad and hard to understand. You're comparing companies that were criminal enterprises that produced no value to a real company that has millions of happy and real customers. Their app has a 4.9 rating on the app store...
- braythwayt 8y agoIf you want to cheer for them, carry on. They have already been revealed as a company that flouts employment law and every standard of decency. If you find my attitude towards such an enterprise "sad," well, carry on with that as well. I am not here to cheer for the amoral "It doesn't matter how we get there, as long as the result looks good according to the metrics people use to decide whether to give us money."
- ucha 8y agoThat's not at all the point I'm making. Who said anything about employment law or decency? They simply have nothing in common with a pharmaceutical company that committed fraud and delivered fake medical reports to patients or a festival that scammed hundreds of people out of their money... If anything they could be compared to Uber. We can hate them for how they treat their employees or how they break some laws but they will not end up like Theranos or Fyre festival.
- braythwayt 8y agoLet's wait and see, shall we?
- SolaceQuantum 8y ago
- jacknews 8y ago"It follows a report by the bank to the FCA and National Crime Agency last year in which it warned both organisations of suspected money laundering through its app. The digital bank has suffered a number of departures from its compliance team in the past two years, including two chief risk officers, the chief compliance officer, and two money laundering reporting officers." I don't believe the Russian CEO could be involved in, complicit in, or just turning a blind eye to, laundering, in any way whatsoever, so clearly this was just a stupid decision entirely on the part of the CFO to turn off the monitors due to their excessive chatter.
- apercu 8y ago"I don't believe the Russian CEO could be involved in, complicit in, or just turning a blind eye to, laundering, in any way whatsoever, so clearly this was just a stupid decision entirely on the part of the CFO to turn off the monitors due to their excessive chatter." Oh, why couldn't you possibly believe this?
- apercu 8y agoHilarious that my only two comments I ever remember being downvoted on HN are for calling out this companies ties to people who launder money and evade taxes.
- detaro 8y agoIf I had to guess, parent is sarcastic.
- jacknews 8y agoHe is the son of a senior Gazprom figure. Just saying.
- stareatgoats 8y agoSatire is a difficult thing, both on the internet and off. But especially on :-D . Still, I'm sure many people noted the irony in your original comment, and still didn't like it. Being Russian shouldn't really qualify for suspicion, on it's own.
- random_kris 8y agocheck out wirex. it is bank / crypto application
- tatoalo 8y agoRevolut’s CEO response on this: https://blog.revolut.com/let-me-sec-the-record-straight/ https://blog.revolut.com/let-me-sec-the-record-straight/
- seibelj 8y agoMoney laundering in traditional banking?!?! I thought that only happened in cryptocurrency!
- hanniabu 8y agoThat's just what they want you to think
- hanniabu 8y agoNot sure why I'm being downvoted. Banks are constantly making statements that cryptocurrencies are bad because they're used for laundering, fraud, and market manipulation, meanwhile the exact same thing has been happening with fiat, usually conducted by banks.
- mprev 8y agoWho has ever said that? Bloody strawman if ever I saw one. HSBC in Mexico, for example: https://www.bbc.com/news/business-18880269 https://www.bbc.com/news/business-18880269
- chosenbreed37 8y ago> Money laundering in traditional banking?!?! I thought that only happened in cryptocurrency! From my reading there was no evidence of any money laundering having taken place. But yes money laundering has habitually happened in the traditional banking system. Personally I think the banks get a lot more flack than is warranted. There have been some really obvious cases but criminals are generally are usually one step ahead of any measures prevention measures. And as a retail client provided I'm not losing my money I don't mind what other clients they have on their books. If regulators do than they're free to punish any offending banks as they see fit.
- lixtra 8y ago> And as a retail client provided I'm not losing my money I don't mind what other clients they have on their books. You loose time if you accidentally trip one of their anti laundering wires. And we all know time is money. Edit: see https://news.ycombinator.com/item?id=19280297 https://news.ycombinator.com/item?id=19280297
- robotmay 8y agoI ditched Revolut last year and moved to Starling, pretty much entirely because I was sick of them trying to fucking sell me stuff in a "banking app" (they weren't a registered bank at the time, AFAIK). It became near impossible to actually use their app due to the amount of marketing horseshit being rammed through it, so I left, moved to Starling (which is fantastic) and I'll never go back. In fact Starling has been so good that I've largely left my existing bank for them.
- pas 8y ago> Starling Seems to be UK only :/
- patrickmcnamara 8y agoThere was supposed to be an expansion to Ireland but it seems that it is seriously delayed.
- johnnycab 8y ago>I ditched Revolut last year and moved to Starling, pretty much entirely because I was sick of them trying to fucking sell me stuff in a "banking app" (they weren't a registered bank at the time, AFAIK) It is a common mis-conception to assume Revolut and Starling are the same. Revolut and Monzo probably have more in common i.e. they both started out getting crowdfunded as pre-paid cards. Monzo acquired a banking licence and migrated their customers over to their banking product. Revolut only acquired the licence, at the end of last year [1]. It has yet to offer a banking product. Starling was built from the ground up as a challenger bank. [1] https://blog.revolut.com/we-got-a-banking-licence/ https://blog.revolut.com/we-got-a-banking-licence/
- cimi_ 8y agoMonzo has had a banking license from the PRA and FCA in the UK since April 2017: https://monzo.com/blog/2018/06/07/is-monzo-a-bank/ https://monzo.com/blog/2018/06/07/is-monzo-a-bank/ Revolut has been licensed in Lithuania in December 2018: https://blog.revolut.com/we-got-a-banking-licence/ https://blog.revolut.com/we-got-a-banking-licence/ Big difference :) Disclaimer: I work for Monzo.
- apercu 8y agoA company with ties to Putins oligarchy involved in money laundering? How shocking. /s Facts: CEO's father is a deputy director Gazprom, and one of the investors is Yuri Milner, who the paradise papers outed for channeling Kremlin cash in to tech co's.
- apercu 8y agoI couldn't care less about being downvoted, but would love to hear your opinion as to why you disagree with what I wrote. Otherwise I have to assume you're in the pay of Russia.
- mAEStro-paNDa 8y agoIs it not possible that this person just disagreed with your logic, conclusion, or both, and did not want to comment? I find this to be a quite cynical and paranoid take on being downvoted in this case.
- apercu 8y agoSo we just go around downvoting comments we don't agree with? Paranoid? Really? Edit: Also, I asked dude to explain to me. He/she is free to do so, I was genuinely curious. But also, yes, I am cynical when it comes to the Russian mob. I mean government.
- mAEStro-paNDa 8y ago> So we just go around downvoting comments we don't agree with? Is this that surprising at all? Discussions about this have been on reddit for years. This is the internet. No one owes anyone a civil argument or even a response, and a lot of bad faith actors are out there. > Paranoid? Really? Yes. I would categorize a comment that claims a lack of response by someone who downvoted you is assumed to be paid by Russians as paranoid. EDIT: I'm not quite sure how seriously to take this exchange considering you both deleted the comment I was referring to in addition to responding on a comment I made on a post over a week ago on a completely unrelated topic.
- CedarMills 8y agoCrazy how a company can just fall apart and unravel in a week.
- brunosan 8y agoIf you are looking for an alternative, I'd recommend checking out Eversend. (Disclosure, my GF is a co-founder). Much smaller company, but trying to grow it right (malmo FastTrack, Berlin tech starts, ...
- gvand 8y agoThe sad thing is that the CEO is still there.
- appsonify 8y agoRevolut has offices in these locations as well: Kraków, PL 1 Stanisława Klimeckiego Moskva, RU Nizhniy Susalnyy pereulok How likely are these locations likely to cooperate to say a DOJ investigation? Especially the one in Moscow out of all places....
- adambyrtek 8y agoI'm not sure where you are from, but it sounds really ignorant to put two completely different countries in the same bag. I don't even know why DOJ would need to be involved, but if that ever happens Poland is likely to comply as a member of NATO with vested interest in maintaining a good relationship with the US [1]. [1] https://en.wikipedia.org/wiki/Poland%E2%80%93United_States_relations https://en.wikipedia.org/wiki/Poland%E2%80%93United_States_r...
- appsonify 8y agoNot sure where you got the idea that I confused Poland with Russia. I just copy pasted from their website LMAO
- hardlianotion 8y agoSounds like a bad place to work. Wired has a dark take: https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky https://www.wired.co.uk/article/revolut-trade-unions-labour-...
- tmaly 8y agoAML issues are no joke. If you look at even minor violations, the fines are huge.
- stevesimmons 8y agoA recruiter for Revolut approached me a couple of months about a Head of Credit Risk role... After reading about their culture, it was obvious what the career trajectory would be: - three months of being pushed to lend lots, regardless of what the nonexistent risk models say, while not being allowed to set up a Collections team with real people - three months of watching helplessly as a wave of bad accounts roll through the delinquency buckets to writeoff - fired No thanks...
- modernyogihippy 8y agoI desperately want a Revolut account. I've been following them for the past year and a half and they still only support EU countries. They keep mentioning that they will launch for citizens of non-EU countries but I've yet to see it happen. Does anyone know more about this?
- fintechops 8y agoshould use https://www.midpoint.com https://www.midpoint.com, they don't have an app, but their FX service and pricing is way better than transferwise or revolut considering they also offer Avios points. Apparently they have no upper limit for transaction and the average client has transacted over 250k using Midpoint. So it really is for HWN and businesses. They are not priced for low value transactions though as there is a minium fee of 10 pounds