Revolut: How Digital Banking Alternatives Are Helping Customers Take Back Control

Dear banks, Game Over. Disruptive challenger banks are here to wipe the floor with traditional banks, who have, according to Chad West, head of comms and marketing at challenger bank Revolut, failed to make their offering open and transparent to customers, and failed to give them control over their money. Digital bank alternative Revolut has scaled to 1.8 million customers in three years - and now offers cryptocurrency processing.
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[@LRKFallon]

Metaphor: the oil tankers are trying to turn to the direction that the speed boats are going in.
It seems that big banks have an enormous challenge to organise their data warehouses/lakes in order to facilitate these sorts of services. If they can do that, then they will have data assets that these new digital banks will struggle compete with.

[@DieterPetereit]

The guy sure doesn't like his shirt

[@sopheaprim6543]

haha, I also notice that.

[@heikohartwig7772]

Indeed! :)

[@jason.vasilev]

Drink a shot each time he pulls his t-shirt.

[@consciouslyaware2219]

Definitely be calling a cab afterwards

[@realfreedomofexpression748]

I'm in banking. In sa though. Whilst hear him and agree on the customer experience. Think he hasn't expanded his research worldwide. I do this on a constant basis and most of what he talks about in features we had before revolut was launched. From security to rounding up the change, to categorisation of spend..
However I will say we haven't necessarily marketed it well.
But i will say the fact that such banks are coming into the market and shaking it up even if it's marketing existing features better its great cos he is right it forces traditional players to maybe do a bit more.

[@mr2bmw]

Revolut is awesome.

[@cancelled_user]

It's great, but sometimes a bit too complicated or hard to navigate, like there are too many things... different currencies, investing, crypto, etc.
Also, I don't really like "new" banks that are app-only. Yes, they have a sort of an online banking now, but it's very restricted, most functions from the app are not there.

[@ldw5846]

This is phenomenal!! Amazon of banking on the horizon, retail banks 🏦 best be cashing out their chips and going home now..

[@uzproduction8898]

most of the video is about convenience not control.
digital banks also have even more control. lets not forget the fact that cash is anonymous and private. you can not take out your money out of the bank if it is completely digital. you get convenience with digital banking, but at the cost of privacy and freedom.

[@zeroxhunter826]

exactly my thoughts

[@blanket1309]

Wtf my bank tells me everything, I just need to ask

[@Nedwin]

Traditional bank --> Fintech --> Neo Bank.

[@Yatukih_001]

The future is cash and traditional banking.

[@fr2020]

really poor speaker