Revolut faces mounting pressure over fraud response 👀🦹‍♂️; JPMorgan maintains AI dominance in banking sector 💪🤖; Wise reports strong growth in Q2 as global expansion accelerates 🚀💸

FinTech is Eating the World, 21 October

Hey Everyone,

Good morning! We’re starting another great FinTech week on Tuesday but it’s really worth the wait 😎 Today we’re looking at Revolut which now faces mounting pressure over fraud response (what’s happening & what that tells us about the future of FinTech + more bonus reads on Revolut), JPMorgan which maintains AI dominance in banking sector (a quick overview of the current state of affairs when it comes to AI in Banking + bonus reads on JPM & how they are crushing it here), and Wise which just reported strong growth in Q2 (a quick look at their accelerating global expansion & key numbers + more bonus reads inside). Let’s just jump straight into the spicy stuff 🌶️

Revolut faces mounting pressure over fraud response 👀🦹‍♂️

The news 🗞️ Over 100 Revolut customers have come forward to the BBC with accounts of substantial losses through sophisticated scams, raising serious questions about the FinTech giant's fraud prevention and customer support systems.

Let’s take a quick look at this.