Talk:Revolut

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This article has been mentioned by a media organization:

Emiliano Mellino (29 April 2019). "Revolut says it's cleaning up its act. Evidence suggests otherwise". Wired. Retrieved 29 April 2019. References to these stories, as well as reports on the company's toxic work culture or investments by alleged Kremlin-linked entrepreneur Yuri Milner, have also been periodically disappearing from the company's Wikipedia page. On at least four different occasions, between December 2018 and April 2019, references to negative stories were removed from the company's page, by accounts with IP addresses that can be traced backto [sic] Revolut's offices.

Merge Nikolay Storonsky here

MERGE

In the course of looking up this company in Google, I stumbled upon its Wikipedia article and, in turn, this talk page discussion to merge. There is consensus here to merging Nikolay Storonsky into Revolut as nominator Kashmiri's assertion that Mr. Storonsky likely fails our general notability guideline for people was unchallenged. Moreover, there was concurrence (support) from two other editors, over the course of more than a year, that the nominator's policy-based rationale that notability is not inherited by virtue of having founded a company (whose notability for corporations has also not yet been established; certainly, as written, this corporation fails both WP:GNG and WP:CORPDEPTH; in terms of potential sources, it may well fail one or both required tests). Only one participating editor opposed the merge, not on policy-based grounds, which is fine since Wikipedia notionally has no rules, but, even if we were to equally weight the arguments against the other policy-based reasons (which I did), there was consensus against allowing Mr. Storonsky to have a standalone article. Doug Mehus T·C 14:58, 7 February 2020 (UTC)[reply]

The following discussion is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

Nikolay Storonsky fails WP:NBIO in that his only claim to notability is through being the founder and CEO of Revolut, while we have WP:NOTINHERITED. Also, no sources in that article are independent of the subject as required by WP:NBIO. Any thoughts? — kashmīrī ^TALK 16:23, 15 October 2018 (UTC)[reply]

Oppose, I think his role in setting up Revolut and its "disruptive nature" would make him notable.Cristiano Tomás (talk) 21:18, 13 December 2018 (UTC)[reply]

Can you address WP:NOTINHERITED please? Otherwise I will AfD that bio. — kashmīrī ^TALK 09:58, 14 December 2018 (UTC)[reply]

Support merge per nominator, notability is not inherited. – Teratix ₵ 08:47, 29 April 2019 (UTC)[reply]
Comment No strong feelings either way, but I'd like to point out that WP:NOTINHERITED clearly states that it is not a policy or guideline and not an argument in itself. Notability has to be decided on grounds of wether there are sufficient sources on the person himself (as opposed to the company). Averell (talk) 20:18, 29 April 2019 (UTC)[reply]
Support - his article reads like a puff piece - David Gerard (talk) 06:21, 21 May 2019 (UTC)[reply]

The discussion above is closed. Please do not modify it. Subsequent comments should be made on the appropriate discussion page. No further edits should be made to this discussion.

A Commons file used on this page or its Wikidata item has been nominated for deletion

The following Wikimedia Commons file used on this page or its Wikidata item has been nominated for deletion:

Revolut app.jpg

Participate in the deletion discussion at the nomination page. —Community Tech bot (talk) 11:53, 9 June 2020 (UTC)[reply]

blanket statements

There are multiple mentions in the article of this company not reimbursing fraud victims but there are numerous examples and coverage of instances where they did reimburse some or all of the lost funds. Here are two:

https://www.chroniclelive.co.uk/news/north-east-news/newcastle-bar-owner-scammed-fraudsters-27515992

https://www.mirror.co.uk/news/real-life-stories/relationship-coach-scammed-over-5000-30727873

The article includes a significant amount of information about fraud claims and criticisms, which appears to be quite typical of financial institutions and large corporations in general - we must be sure there is not undue weight given to individual complaints. BridgeCityBoyz (talk) 17:22, 15 April 2024 (UTC)[reply]

Correct banking license information

This edit request by an editor with a conflict of interest has now been answered.

I have disclosed my conflict of interest on my user page and it is indicated in this edit request.

There is outdated information about Revolut's banking license. This appears in two places. First in the introduction and next under the Protection of Funds/Revolut Bank. Here are my requested edits:

Introduction :Revolut Bank UAB, the firm's European Economic Area subsidiary, is licensed and regulated by ~~the Bank of Lithuania~~ (replace with: the European Central Bank) within the European Union, and depositors' money is protected through deposit insurance, insured by the Lithuanian State Company Deposit and Investment Insurance.

Protection of Funds/Revolut Bank: Revolut Bank UAB, ~~based in Lithuania,~~ (replaced with: licensed by the European Central Bank) Provides deposit account services in 30 EEA markets.

Here is a source: https://www.pymnts.com/digital-first-banking/2021/revolut-bank-granted-full-european-union-banking-license-amid-criticisms-unfair-competition/

This source also already appears on the page: https://www.lb.lt/en/news/revolut-granted-specialised-bank-and-electronic-money-institution-licences

Assistance is greatly appreciated in this matter. Thank you. RevNeut (talk) 18:06, 3 July 2024 (UTC)[reply]

Done Likeanechointheforest (talk)

Update revenue and employee numbers

Part of an edit requested by an editor with a conflict of interest has been implemented.

I have disclosed my conflict of interest on my user page and it is indicated in this edit request.

There are updated financials and employee count from the most recent reporting. The figures in the information box should be updated to the following:

Revenue: $2.2 Billion or £1.8 Billion (2023)

Net Income: £344 million (2023)

Number of employees: 10,000 (2023)

Here is the supporting documentation: https://www.revolut.com/annual-report/2023/ & https://assets.revolut.com/pdf/annualreport2023.pdf

Thank you for any assistance in this matter. RevNeut (talk) 18:32, 8 July 2024 (UTC)[reply]

Partly done: The revenue was already 1.8 billion.I've corrected the net income, which was inccorrectly reported, while keeping the existing source. I can't find 10,000 employees in the given sources, could you please specify a page number? Thanks! Rusalkii (talk) 22:50, 11 July 2024 (UTC)[reply]

Yes. Thank you. Here is a source that can support that 10,000 employee number for the information box: https://news.sky.com/story/revolut-founder-storonsky-to-cash-in-as-part-of-500m-share-sale-13174553 It is also mentioned on page 13 of this document https://assets.revolut.com/pdf/annualreport2023.pdf

The employee number also needs updated in the introduction of the article. Right now it reads:

As of December 2023, Revolut more than doubled its headcount in two years, employing over 7,500 people in more than 25 countries.

please replace with:

As of July 2024, Revolut employs 10,000 employees and serves 38 million customers across 38 countries.

using this report: https://assets.revolut.com/pdf/annualreport2023.pdf

Finally, another editor added this to the History: Revolut has 40 million customers and 10,000 employees.

It would be accurate to read:

As of 2024, Revolut has 38 million customers and securely holds $22 billion of customer deposits in customer accounts.

https://assets.revolut.com/pdf/annualreport2023.pdf

Thank you for your thoroughness. Let me know if there are other clarifications necessary. RevNeut (talk) 15:31, 12 July 2024 (UTC)[reply]

@Rusalkii Thank you for your assistance, I have added additional information and content. It would be wonderful if you would be able to complete this particular edit request to update important facts. Let me know if you need anything else to do so. RevNeut (talk) 21:15, 21 July 2024 (UTC)[reply]

Hi, sorry, I think this got buried in my notifs somehow.

Go ahead and make the changes to the employee and customer numbers and their associated sources. Please do not add the "securely holds" language. Rusalkii (talk) 06:53, 26 August 2024 (UTC)[reply]

Additional banking license update

Part of an edit requested by an editor with a conflict of interest has been implemented.

I have disclosed my conflict of interest on my user page and it is indicated in this edit request.

There is information available concerning recent bank license and availability. Here are the requested edits:

Under History:

In June 2019, Revolut expanded to Australia, the company’s first expansion outside of Europe. (source to support: https://techcrunch.com/2019/06/12/revolut-launches-in-australia-as-a-beta/)

In 2024, Revolut secured a Mexico banking license to establish itself as a bank in Mexico, Latin America's second largest economy. (source to support: https://www.fnlondon.com/articles/revolut-banking-licence-mexico-jobs-disrupt-its-67bn-remittance-market-20240410)

Thank you for your assistance. RevNeut (talk) 13:27, 23 July 2024 (UTC)[reply]

Partly done: Australia added. I'm not sure it makes sense to add the Mexico content given that it's just a license, not them actually releaseing a product in that market yet. Rusalkii (talk) 06:58, 26 August 2024 (UTC)[reply]

@Rusalkii Thank you for your help. Regarding the banking licence update in Mexico, it's very similar news to the UK banking licence they've been granted. It's a significant milestone in providing them with a permission to go ahead and offer products soon in these geographies.

Adding here a content piece from Reuters as a source which talks about the same which talks about the same: https://www.reuters.com/technology/fintech-revolut-receives-mexican-banking-authorization-eyes-expansion-2024-04-09/#:~:text=Fintech%20Revolut%20receives%20Mexican%20banking%20authorization%2C%20eyes%20expansion,-By%20Reuters&text=MEXICO%20CITY%2C%20April%209%20(Reuters,a%20press%20release%20on%20Tuesday. RevNeut (talk) 10:50, 26 August 2024 (UTC)[reply]

Please let me know if the wording needs to change, or if there's anything else I can help with on this. RevNeut (talk) 10:53, 26 August 2024 (UTC)[reply]

"The examples and perspective in this article deal primarily with the United Kingdom..."

I'm not seeing a strong focus on the UK in the article as it stands. There are references to over a dozen other countries. Besides, it's a UK-based bank and not a "UK-based bank" in the sense of a HSBC, which is a global megabrand, so I also don't see why there'd be a problem with UK-leaning content in the first instance. Can we remove the template yet? Elliott-AtomicInfinity (talk) 02:47, 23 August 2024 (UTC)[reply]

I support this. Nobody I've met outside of the UK and Ireland seems to ever have heard of Revolut, so it makes sense that most events involving it would involve the UK and Ireland. AengusB (talk) 19:32, 10 November 2024 (UTC)[reply]

Update on the customer complaints in UK

I have disclosed my conflict of interest on my user page and it is indicated in this edit request.

I wanted to add more context to the last statement in the summary section talking about user complaints and give further sources.

The current statement is giving only half the information, so I'm providing a couple of more sources that are either official or reliable which provide the numbers for the same.

The Yourmoney article on complaints about big banks surging in the first half of 2024 states that Revolut has got 3193 new cases in the first half of 2024, while financial institutions like Vanquis Bank and Barclays received 16067, and 4289 complaints respectively. (Source to report: https://www.thisismoney.co.uk/money/saving/article-13996833/Complaints-big-banks-surge-69-past-year-does-rank.html)

From the official PSR report source, Revolut's value of APP(Authorized Push Payment) scam received per million GBP stood at 756 GBP in 2023-2024. (Source to report: https://www.psr.org.uk/information-for-consumers/app-fraud-performance-data/). Firms like Wise stand at 974 GBP for the same time period on the other hand.

Hence, can you please update the statement with more facts provided by the above sources to show a true and full picture? Would also request you to move the updated statement to the UK Fraud Victims sub-section as it is relevant only to the UK region.

Thank you for your assistance. RevNeut (talk) 18:46, 15 November 2024 (UTC)[reply]