Tag: Revolut

The pace of change in financial crime has accelerated dramatically over the past two years, forcing institutions, regulators and governments to reassess long-held assumptions...

In July 2025, the Financial Conduct Authority (FCA) fined Monzo Bank approximately £21m for serious anti-money laundering (AML) control failings. The penalty, detailed in...

Global anti-money laundering enforcement intensified throughout 2025, with regulators across Europe, the Americas, APAC and the Middle East issuing record penalties, expanding supervisory powers...

Nasdaq has expanded its partnership with Revolut, the digital banking and financial services platform known for its rapid international growth and consumer-focused innovation. The collaboration...

London-based digital safety start-up FALKIN, which helps banks protect customers from scams before payments are made, has raised $2m in pre-seed funding to advance its AI-powered fraud prevention tools.

In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for...

Bank of Ireland has sounded the alarm over a sharp rise in reports of a so-called ‘safe account’ scam, urging customers to be extra...

Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.

In 2022, Revolut faced a significant security breach, leading to a loss of $20m due to a fault in its payment processing system, as...