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Mobility startup gets help from old companies

Fintech Revolut, which has made headlines due to administrative irregularities, has taken on a veteran specialist. He should bring the battered credibility of the company back into balance.

Revolut, a UK smart phone banking start-up, recently got into the nettles after it became known that it regularly changed its terms and conditions, allegedly operated on false exchange rates, and made too few arrangements to fend off dubious funds.

Back to the path of virtue

In response, Revolut has now completed various changes in personnel on the management floor and also brought a longtime financial expert on board: The Scott Martin Gilbert should put the company founded in mid-2015 back on the path of virtue, as announced on the weekend, various British media.

Gilbert is co-CEO of Standard Life Aberdeen, a company created in 2017 from the merger of Standard Life and Aberdeen Asset Management. He co-founded Aberdeen Asset Management in 1983 and is one of the most prominent individuals in the industry. He also worked as an author in the finews.first section.

Expansion into Switzerland

Together with the newly appointed Board members Bruce Wallace (ex-Silicon Valley Bank) and Caroline Britton (ex-Deloitte) Gilbert is to contribute to the fact that Revolut in compliance issues and in the true corporate governance (corporate governance) meets expectations. This should be compelling because the company intends to expand into other countries in the foreseeable future, including Switzerland and Singapore.

Published inStartups

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