Revolut 10: New Features Aim to Simplify Financial Tasks

<p>Revolut has
rolled out its latest update, Revolut 10, revamping the appearance of its flagship mobile app. The new
version comes with a host of features, including a simplified interface,
customizable themes, and updated ways to send and save money. According
to the company's representatives, Revolut 10 results from extensive customer
feedback and rigorous testing to create a more intuitive and user-friendly
experience. </p><p>In the meantime, Revolut is trying to obtain a banking license in the UK and USA to acquire more clients. However, it is facing some challenges in the American markets.</p><p>Revolut 10 Focuses on User
Experience</p><p>The latest version of the <a href="https://www.financemagnates.com/tag/revolut/" target="_blank" rel="follow">Revolut app</a>, marked with the number ten, was symbolically presented on 10 October (10.10). The fintech giant has undergone a global brand refresh and decided to take a new approach to user experience.</p><p>"Listening
to our customers was key to Revolut 10. My goal is making money streamlined and
easy to manage for everyone, which means considering every pixel, swipe, and
tap along the way," Maria Herrera, the Head of Product Design at Revolut, commented.</p><p>The company
claimed it has spent "hundreds, possibly thousands," hours on testing,
prototyping, and refining the app.</p><p>The updated
app offers a unified view of all user's Revolut accounts on the home screen.
With just a tap, consumers can switch between accounts, making managing
multiple currencies or joint accounts easier. This feature aims to provide
instant access to financial information.</p><p>In
addition, Revolut 10 allows users to personalize the app according to their
preferences. People can now choose different themes and backgrounds for each
account, making it easier to distinguish between them. Additionally, widgets
for the most-used features can be added to the home screen for quick access.</p><p>The new
update simplifies daily financial activities, making them more accessible with
just a tap. Whether it's sending money, spending flexibly, or growing your
savings, Revolut 10 aims to make these tasks intuitive.</p><p>Revolut 35: A New Record
Number of Users</p><p>The news
about the global brand and mobile app refresh comes shortly after Revolut
surpassed 35 million users worldwide. Since last June, the company has gained 5
million new customers.</p><p>In a bid to
attract more clients, the company is seeking <a href="https://www.financemagnates.com/fintech/paving-the-path-to-uk-banking-license-revolut-strikes-deal-with-softbank/" target="_blank" rel="follow">a UK banking license</a>. To this end, it has struck a deal with its largest investor, SoftBank,
to streamline the <a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a>'s ownership structure.</p><p>Revolut is
also aiming <a href="https://www.financemagnates.com/fintech/revolut-is-yet-to-apply-for-a-us-banking-license-formally-report/" target="_blank" rel="follow">to secure a license in the US</a>. Although the company has discussed
these plans for about two years, it has yet to make this move. While Revolut
hasn't officially confirmed this, the Federal Deposit Insurance
Corporation, the government agency that oversees the US banking industry,
informed the media that it has not received any application from the fintech
giant.</p><p>For now,
the company is facing challenges in the US related to <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/">cryptocurrencies</a> due to
local regulatory pressure on digital asset companies. <a href="https://www.financemagnates.com/cryptocurrency/revolut-ends-crypto-services-in-us-blames-regulatory-uncertainty/" target="_blank" rel="follow">As a result</a>, it has
temporarily suspended offering these assets in the US.</p>

This article was written by Damian Chmiel at www.financemagnates.com.