Fintech
Revolut receives more scam complaints in the UK than any other UK bank
Limited Liability Company has rejected refund requests from thousands of UK customers after they were scammed by fraudsters, leading many of them to turn to the country Financial mediation service to get help in their case.
The fintech giant saw a 35% increase in new customer fraud complaints in the second half of 2023, the latest period for which data is available, according to figures provided by the ombudsman. That outpaced all rivals and UK lenders and comes as regulators step up efforts to crack down on online scams plaguing the sector.