According to the CEO, over 100,000 people are on the waiting list to become customers.
The company plans to offer a no-limit bank account and free international transfers at launch.
Revolut plans to launch its operations in Mexico during the
first half of 2025, according to Juan Miguel Guerra Dávila, the company's CEO
in Mexico. Guerra stated that there are over 100,000 people on the waiting list
to become customers.
Speaking to the media after the Finnosummit 2024 event,
Guerra said: “I’m hopeful that we can launch in the first half of next year,
but I’m not certain. It could be sooner, it could be later.”
Revolut Awaits Final Authorization
Juan Miguel Guerra Dávila, Revolut’s CEO, Mexico, Source: LinkedIn
Guerra mentioned that they are currently working through the
necessary steps to receive this approval. He added that they are “on the
right track” but noted potential delays, including the upcoming federal
government transition.
Meanwhile, Revolut
has launched a new platform called Revolut Invest, enhancing its wealth
management services with contracts for differences (CFDs), as reported by Finance Magnates. The app will
provide access to approximately 5,000 assets, including US and European stocks,
ETFs, commodities, and bonds.
CFDs are being offered through Revolut Securities Europe
UAB, based in Lithuania, initially available in the Czech Republic, Denmark,
and Greece. The app is currently in testing and plans to expand to other
European Economic Area countries by year-end.
Preparing Product Offerings
In the meantime, Revolut is preparing the products it plans
to offer at launch. These include a bank account with no deposit limits,
referred to as a level 4 account, and international money transfer services.
Guerra also mentioned the possibility of competing in
“rate wars” by offering a high-yield savings product, which is a
common strategy used by financial institutions to attract customers. However,
he believes Revolut’s primary selling point will be its free international
transfers.
Revolut plans to launch its operations in Mexico during the
first half of 2025, according to Juan Miguel Guerra Dávila, the company's CEO
in Mexico. Guerra stated that there are over 100,000 people on the waiting list
to become customers.
Speaking to the media after the Finnosummit 2024 event,
Guerra said: “I’m hopeful that we can launch in the first half of next year,
but I’m not certain. It could be sooner, it could be later.”
Revolut Awaits Final Authorization
Juan Miguel Guerra Dávila, Revolut’s CEO, Mexico, Source: LinkedIn
Guerra mentioned that they are currently working through the
necessary steps to receive this approval. He added that they are “on the
right track” but noted potential delays, including the upcoming federal
government transition.
Meanwhile, Revolut
has launched a new platform called Revolut Invest, enhancing its wealth
management services with contracts for differences (CFDs), as reported by Finance Magnates. The app will
provide access to approximately 5,000 assets, including US and European stocks,
ETFs, commodities, and bonds.
CFDs are being offered through Revolut Securities Europe
UAB, based in Lithuania, initially available in the Czech Republic, Denmark,
and Greece. The app is currently in testing and plans to expand to other
European Economic Area countries by year-end.
Preparing Product Offerings
In the meantime, Revolut is preparing the products it plans
to offer at launch. These include a bank account with no deposit limits,
referred to as a level 4 account, and international money transfer services.
Guerra also mentioned the possibility of competing in
“rate wars” by offering a high-yield savings product, which is a
common strategy used by financial institutions to attract customers. However,
he believes Revolut’s primary selling point will be its free international
transfers.
PayPal Applies to Establish Bank Targeting US Retail and Small Business Lending
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
