Revolut Expands Security Features with In-App Calls for Personal Customers

Revolut, a fintech company with over 50 million global
customers, has introduced In-App calls for personal customers. According to the
company, this new feature aims to improve security by reducing impersonation
scams and making contact with customer support more reliable and secure.

Revolut Warns Consumers About Impersonation Scams

Woody Malouf, Revolut’s Head of Financial Crime, Source: LinkedIn

“Impersonation scams can be a major hazard for many
consumers. We know that the most effective way to stop a scam is to break the
spell as fast as possible, before any money has been transferred,” Revolut’s
Head of Financial Crime, Woody Malouf, said.

Impersonation scams occur when someone pretends to be a
trusted entity, such as a bank or authority, and deceives victims into
transferring money or sharing sensitive information.

Meanwhile, Manchester
City Women has formed a global partnership
with Revolut, as reported by Finance Magnates. This marks
Revolut’s first investment in women’s football and expands the commercial
partnerships for Manchester City Women.

Revolut’s branding will be featured on the team’s training
kit sleeve, with captain Alex Greenwood serving as an ambassador. Revolut’s
global presence is expected to raise the visibility of the team both in the UK
and internationally.

Introducing In-App Calls for Security

While impersonation scams affecting Revolut customers are at
their lowest level in nearly two years, the company is still addressing the
emotional and financial damage caused to victims. After months of testing,
Revolut has developed In-App calls, a feature that criminals cannot replicate.
It enables secure communication between customers and Revolut’s support team
directly through the app.

“Impersonation scams can be a major hazard for many
consumers. We know that the most effective way to stop a scam is to break the
spell as fast as possible, before any money has been transferred,” Revolut’s
Head of Financial Crime, Woody Malouf, said.

Revolut, a fintech company with over 50 million global
customers, has introduced In-App calls for personal customers. According to the
company, this new feature aims to improve security by reducing impersonation
scams and making contact with customer support more reliable and secure.

Revolut Warns Consumers About Impersonation Scams

Woody Malouf, Revolut’s Head of Financial Crime, Source: LinkedIn

“Impersonation scams can be a major hazard for many
consumers. We know that the most effective way to stop a scam is to break the
spell as fast as possible, before any money has been transferred,” Revolut’s
Head of Financial Crime, Woody Malouf, said.

Impersonation scams occur when someone pretends to be a
trusted entity, such as a bank or authority, and deceives victims into
transferring money or sharing sensitive information.

Meanwhile, Manchester
City Women has formed a global partnership
with Revolut, as reported by Finance Magnates. This marks
Revolut’s first investment in women’s football and expands the commercial
partnerships for Manchester City Women.

Revolut’s branding will be featured on the team’s training
kit sleeve, with captain Alex Greenwood serving as an ambassador. Revolut’s
global presence is expected to raise the visibility of the team both in the UK
and internationally.

Introducing In-App Calls for Security

While impersonation scams affecting Revolut customers are at
their lowest level in nearly two years, the company is still addressing the
emotional and financial damage caused to victims. After months of testing,
Revolut has developed In-App calls, a feature that criminals cannot replicate.
It enables secure communication between customers and Revolut’s support team
directly through the app.

“Impersonation scams can be a major hazard for many
consumers. We know that the most effective way to stop a scam is to break the
spell as fast as possible, before any money has been transferred,” Revolut’s
Head of Financial Crime, Woody Malouf, said.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Match-Prime Launches CFDs on Trump and Melania Coins, Wants Forex Brokers to Follow

    The US’s first couple of memecoin frenzy has entered the forex and CFD space. Liquidity provider Match-Prime has launched Trump and Melania coin-based CFDs following the unveiling of $TRUMP and…

    Match-Prime Launches CFDs for Trump and Melania Coins, Wants Forex Brokers to Follow

    The US first couple’s memecoin frenzy has entered the forex and CFD space. Liquidity provider Match-Prime has launched Trump and Melania coin-based CFDs following the unveiling of $TRUMP and $MELANIA…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say

    • January 21, 2025
    Exclusive-Warren Buffett’s Pilot Co shuts oil trading business, sources say

    US SEC unveils task force to start work on crypto regulations

    • January 21, 2025
    US SEC unveils task force to start work on crypto regulations

    Bitcoin gains as US SEC gives crypto its first policy win

    • January 21, 2025
    Bitcoin gains as US SEC gives crypto its first policy win

    Wells Fargo sets USD/MXN and USD/CAD forecasts amid tariff threats

    • January 21, 2025
    Wells Fargo sets USD/MXN and USD/CAD forecasts amid tariff threats

    Oil falls as Trump’s plan to boost US oil output takes shape

    • January 21, 2025
    Oil falls as Trump’s plan to boost US oil output takes shape

    Ports in Texas limit activity amid cold weather

    • January 21, 2025
    Ports in Texas limit activity amid cold weather