Can Revolut become the Amazon of banking?
Mon 26 Nov 2018 18:00 - 20:00 CET
Pfingstweidstrasse 16, 8005 Zürich
Description
Revolut is one of the hottest Fintechs in the world. Clients love the service. Attracting 8’000 new customers per day, the company has grown its customer base to over 3 million customers in less than 3 years. The reason is clear - Revolut saves clients up to 6% on their transactions in foreign currencies by offering the interbank exchange rate. This, because its digital platform is cheaper to run than the legacy infrastructure used by incumbent banks.
Looking ahead, Revolut aims to become the Amazon of banking. They already offer from current accounts to travel insurance and will soon offer free trading. Moreover, the firm is looking to increase its presence in Switzerland by offering Swiss clients their own Swiss IBAN account number later this year. With over 50’000 Swiss clients already, Revolut could become a household name for Swiss clients in the medium term, competing directly with incumbents for the loyalty of their prized Swiss clients.
This is why we invited representatives from the Swiss banking industry to discuss the opportunities and risks the Revolut offering represents in the Swiss market.
For more information and the program, click here
Speakers:
Andrius Biceika - Head of Business Development Revolut
Carl Verbrugge - Partner Lombard Odier
Felix Wenger - Head Channel and Distribution (Retail and Affluent) at Raiffeisen Schweiz
René Beeler, Head Transformation & Market Management at ZKB;
Olaf Toepfer - Head of Banking & Capital Markets EY
Location
Pfingstweidstrasse 16, 8005 Zürich