Sunday, May 26, 2024

Revolut Accounts Delayed

By DAC000 , in fintech bubble Revolut , at January 11, 2023 Tags: ,

until 2023, early 2023 no less, according to AltFi, and further their accountancy firm has been deemed inadequate by UK regulators. About a one minute read.

Comment: one minute read but plenty to think about. Seems as though cryptocurrency like opaqueness has been brought to banking by some Fintech’s. Gosh, banking is the single worst field to try this in. I bet Revolut will face formal actions for this delay. Worse, they’re already losing money so will they be able to afford the fine? One to watch.