Revolut Is Taking Its Travel Business Offline
Hi Digital Banking Fanatic!
Revolut is taking its travel business offline.
Starting in 2027, it will open its first branded airport lounge at Copenhagen Airport, with more European locations planned. The lounge will be run with Plaza Premium Group and is expected to be the largest common-use lounge in the Schengen area.
I like the direction here. Revolut already owns the banking and travel experience on your phone. Now it's starting to put its brand into the places where customers actually travel — and the planned Barcelona store points in the same direction.
With 75M+ customers globally, this could become much more than another premium perk if Revolut manages to turn lounges into a real part of its customer ecosystem.
You'll also find a new piece from Incognia on why fraudsters can reset a device, but can't reset the physical world around it — and how location intelligence can help banks connect mule accounts and suspicious devices while keeping legitimate customers moving.
Now, let's dive into today's biggest Digital Banking stories. 👇 See you on Monday!
Cheers,
INSIGHTS
📰 Incognia: Fraudsters can reset a device, but not the world around it. Passwords, OTPs, IP addresses, GPS, and device IDs are all increasingly easy to manipulate. André Ferraz, CEO of Incognia, argues that precise location intelligence supplies the missing physical context, linking mule account farms and post-reset devices that look unrelated on paper while approving more legitimate customers with less friction. Read the full article here
NEWS
🇸🇪 Klarna supercharges its membership tiers, removing service fees and boosting cashback across four plans worth up to €6,000 annually. New perks include NordVPN, foodora, and airport lounge access with no year-long lock-in required.
🇬🇧 Revolut plans to expand its airport lounge network across Europe, adding new locations to its travel benefits offering. The rollout will give more Revolut cardholders access to airport lounges across the continent.
🇬🇧 Revolut chatbot goes rogue by charging users to cancel subscription. The AI assistant Rita incorrectly applied a £55 break fee to Ultra members trying to downgrade after a WeWork perk was reduced. Revolut apologised and confirmed the fee had been waived.
🇨🇾 Revolut Cyprus CEO Costas Michael departs after four years. He led Revolut Digital Assets Europe from incorporation through CySEC MiCA authorisation, scaling crypto services across all 27 EEA jurisdictions. Michael will remain with the business as a Board Advisor.
🇬🇧 Starling Bank targets students with a new AI-powered current account, offering automated budgeting tools and spending insights. The account is designed to help students manage money more effectively from day one.
🇸🇬 Trust Bank launches Freedom as Singapore's first stockback credit card, converting everyday spending into fractional US stock investments. Rewards auto-invest once they hit S$10, with an introductory 3% stockback rate until December 2026.
🇺🇸 Bank of America plans to invest $250 billion in critical infrastructure projects, signaling a major push into large-scale financing. The commitment spans energy, transportation, and technology sectors as the bank expands its infrastructure lending portfolio.
🇨🇭 Swissquote cuts full-year guidance as first-half crypto income plunges 66%. Crypto trading volume fell 63.5% to 2.58 billion Swiss francs, prompting a 30 million franc revenue outlook reduction to 730 million francs. Shares dropped 14%.
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