Tag: Nikolay Storonsky

In the wake of the "crazy war" in Ukraine, the Russian oligarchs are the strategic focus of the Western sanctions aimed at exerting pressure on the Russian government. Most recently, Oleg Tinkov, an oligarch excommunicated by the Kremlin, has called his former comrades cowards and urged them to take action against Putin. However, according to the latest Forbes statistics, Russian billionaires have become significantly richer since the outbreak of the Ukraine invasion.

Fintech unicorn Revolut has a problem with scammers and angry customers who have been victims of fraud. Customers complain about poor support and would not take the problem seriously. The accusations come at an inopportune time. The fintech has been seeking a UK banking license for two years. Insiders say Revolut's failure to obtain a banking license so far could also be linked to the company's compliance issues.

The future of financial marketing certainly lies in social media and the so-called financial influencers. In addition to Instagram, TikTok, in particular, is enjoying increasing popularity among providers of financial services. Most recently, Revolut, one of the unicorns, proudly pointed out its success in social media and TikTok. The company worked with influencers such as Liam Payne, Anthony Joshua, and Simon Wilson and grew its social media following to more than 1.4 million followers. Lately, it has launched a TikTok account, which more than 260,000 people follow.

Deirdre Halligan, one of Revolut’s top regulatory chiefs has stepped down from her role just weeks after Revolut CEO Nikolay Storonsky criticized the UK Financial Conduct Authority (FCA) for its sluggish progress on the firm’s banking license application. As the head of global affairs, wealth and trading, oversaw the firm’s expansion, authorizations, and regulatory affairs. Harry Gill, Revolut’s global head of regulatory compliance, resigned in May.