Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Fintech Unicorn Revolut apoints Ex Goldman Exec to its Board

Michael Sherwood

As per various sources, Revolut, a digital banking alternative for instant payment notifications startup founded in 2015 has recently appointed ex-Goldman Sachs Europe boss Michael Sherwood to its board. It was reported that the Fintech unicorn had suffered a rough start to 2019 as it was scrutinized by UK based financial authority the Financial Conduct Authority and the Advertising Advertising Standards Authority as well as the Lithuanian parliament over questions of its ability to combat illicit money transfers.

As reported by Financial times the Ex Goldman exec has had a fair share of his controversies as which included the sale of the failed department store BHS by Philip Green, however since his exit from Goldman after 30 years the Ex exec has kept a low profile.

Revolut has been previously dubbed as “The Amazon of Banking” and was founded by Vlad Yatsenko and Nikolay Storonsky, Revolut success in the Fintech industry has seen a massive rise as the fintech unicorn has raised over $336.4 million in 12 rounds of fundings. The firm has about 3.2 million customers on its platform right know. The fintech unicorn specializes in  banking services including a pre-paid debit card (Mastercard or Visa), currency exchange, cryptocurrency exchange and peer-to-peer payments.


Related IBS Intelligence Research

Related Posts


NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »