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

    Global Payments to Acquire Worldpay in $24 Billion Deal

    Global Payments is expanding into merchant services with the acquisition of Worldpay for $24.25 billion. The move is part of a complex three-way transaction involving private equity firm GTCR and…

    FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

    As interest in proprietary trading rises among regulated brokerages, FPFX Technologies, the US-based technology provider for the trading industry, has opened a dedicated office in Limassol, Cyprus. The new outfit…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Investors Lose Confidence in US Dollar. Forecast as of 18.04.2025

    • April 18, 2025
    Investors Lose Confidence in US Dollar. Forecast as of 18.04.2025

    Global Payments to Acquire Worldpay in $24 Billion Deal

    • April 17, 2025
    Global Payments to Acquire Worldpay in $24 Billion Deal

    FPFX Eyes Prop Trading Market Growth with New Cyprus Office

    • April 17, 2025
    FPFX Eyes Prop Trading Market Growth with New Cyprus Office

    FPFX Technologies Opens New Office in Cyprus to Support Prop Trading

    • April 17, 2025
    FPFX Technologies Opens New Office in Cyprus to Support Prop Trading