Revolut has been advertising provocative ads across London claiming to know what users are spending money on; the ads refer to users buying a single meal on Valentine’s Day or buying a popular vegan sausage; the FT reached out to Revolut and found that the ads were spoofs, though there was no fine print explains so; the takeaway is the financial firms do know a lot about us through the data they collect; ensuring that data is safe is something that fintechs and banks need to do, especially in the digital age when the next big hack seems right around the corner. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.