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Name: Arthur Aldea

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Revolut Bank

4
Revolut and companies similar to it are going to be the cause for the extinction of traditional banking. Revolut, like other fin techs, are the smartphones - similar to the original creation of the iPhone - that will make retail banking and current banking fees obsolete. Revolut is one step ahead of the curve. However, despite them being a considerably young company there are certain aspects of their services that they need to focus on equally as they strive for expansion. For example, their customer service or rather lack-of. RITA is just not good enough. In addition, distribution of their physical cards. With their high increase of users they attain each month they need to equally produce and distribute the physical cards. Account making is so simple and a huge cause for the current success, however, their poor manufacturing and distribution of the physical cards is indefinitely holding them back. This can be best seen in users that choose to upgrade to their premium services. Since they chose to pay the monthly fees for the extras in the account they should not be placed on a "waitlist" for receiving their respective premium physical cards best exemplified in their "Metal" card. Nonetheless, their company is at the forefront of innovation and groundbreaking economic banking revolution. Overall, it is remarkably impressive of this young fin tech for putting the Revolut in revolution. - Arthur Aldea Reviewed on: 17th January 2019