Revolut makes strategic push into private banking, targeting high-net-worth clients 🤑🏦; Robinhood's $45 million SEC settlement highlights growing regulatory scrutiny of digital brokers 👀💸

FinTech is Eating the World, 15 January

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is focused on the industry’s challengers as we’re going to look at Revolut which is now making a strategic push into private banking (why targeting high-net-worth clients makes sense & what to expect next + bonus reads on Revolut & co), and Robinhood's $45 million SEC settlement highlighting the growing regulatory scrutiny of digital brokers (what it’s all about & what it tells us + bonus deep dives into Robinhood & co). Let’s just jump straight into the interesting stuff 🌶️

Revolut makes strategic push into private banking, targeting high-net-worth clients 🤑🏦

The news 🗞️ Revolut, the global financial Super App recently valued at $45 billion, is making a strategic expansion into private banking services, marking a notable evolution in its business model.

The UK-based FinTech giant is actively recruiting key positions to build out its private banking division, specifically targeting individuals with liquid assets exceeding $1 million.

Let’s take a look at this and see why it matters.