Fintech
Comparison between Revolut, Chime and N26: Neobank success stories
Revolut’s success can be attributed to its comprehensive suite of financial services, including currency exchange, stock trading, cryptocurrency trading and traditional banking services. The platform’s intuitive app, competitive rates, and innovative features, such as disposable virtual cards and budgeting tools, have made it especially popular among tech-savvy users and frequent travelers. Revolut’s ability to adapt and expand its offering has allowed it to maintain a solid position in the competitive neobank landscape.
“Revolut was built around the core objective of customer centricity,” notes Louise Potts, head of banking client advice at SAS UK.
Additionally, Revolut aims to improve digital payment solutions across various industries. It’s recent collaboration with Saber has boosted B2B payments for travel agencies, significantly simplifying transactions via virtual cards, real-time currency exchange and API-based payment products.
“Revolut is excited to drive digitalisation in the travel industry together with our Saber partners,” says Will Hannan, Global Head of Embedded Finance Sales at Revolut.
This year Revolut also launched a new AI feature to protect against card scams. The new feature comes next The NASDAQ suggested new technologiessuch as artificial intelligence and Large Language Models (LLM), will be implemented by banks and financial institutions after 2023 saw $3 trillion in illegal funds transferred through the global financial system.