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Their banking executives are quitting. I’m assuming that’s because they’re butting heads with the tech guys who think “a bank is just a type of software company
by jbob2000 6y ago
Their banking executives are quitting. I’m assuming that’s because they’re butting heads with the tech guys who think “a bank is just a type of software company”.
- user5994461 6y agoI think they're quitting because the company is mismanaged by the founders and there is nothing they can do about it (it's the next Uber). See scandals about not paying their employees and recurrent fraud. My wife used to use Revolut, had to close her account AND block all transfers from her normal bank to Revolut after repeated frauds. Want to know how fraud works nowadays? Let's say a fraudster gets a card number somehow. What they do next is open a revolut account under the same name as the card, then credit the account using the stolen card. It's easy because revolut has zero KYC (identity verification) and the name/address matching doesn't trigger fraud detection.