Check out the AltFi tales that captured your consideration this yr as we head into 2023.
Picture supply: Revolut.
It’s been a fairly rocky yr throughout the board for shoppers and corporations alike, and fintech has been no exception.
Nonetheless, there have been some main ups among the many downs, and over the subsequent few days we’ll be looking again on the greatest information of the yr, kicking off with our most-read tales.
Listed here are the most well-liked tales on AltFi from 2022, from No.10 to No.6.
10. HSBC becoming a member of the financial institution card accessibility push with new ‘vertical’ designs
After hitting No.5 on final yr’s most-read tales record, the information of HSBC’s ‘vertical’ card design snuck in once more this yr at No.10.
The change echoed Starling Financial institution’s choice in 2018 to change from a conventional ‘horizontal’ card structure to a ‘vertical’ one, changing all of its UK playing cards with a extra accessible design.
It adopted the ‘dot and notch’ system to assist clients with visible impairments distinguish between debit and bank cards and elevated font measurement in contrasting colors.
Nationwide additionally debuted its new playing cards in August final yr – hopefully we’ll see extra banks following go well with and prioritising accessibility in 2023.
Learn extra: HSBC becoming a member of the financial institution card accessibility push with new ‘vertical’ designs
9. Unique: Revolut’s outcomes delayed till early 2023
After extending the deadline to file its a lot anticipated 2021 accounts, Revolut delayed its outcomes once more, this time to early subsequent yr, AltFi solely revealed only a few days in the past.
In response to the corporate, the accounts have been finalised and it expects to verify the information that it’s worthwhile – one thing CEO Nikolay Storonsky has been saying since September – regardless of lacking its first and second deadlines to file.
It has been an enormous yr for the corporate – with extra to return on that later – however following experiences that the regulator described accountancy agency BDO’s earlier auditing as “insufficient”, the figures have reportedly been beneath increased ranges of scrutiny.
Keep tuned for the newest on the corporate’s accounts subsequent yr.
Learn extra: Unique: Revolut’s outcomes delayed till early 2023
8. Revolut’s ‘Revcoin’: the brand new Tesco Clubcard….on steroids?
Forward of the curve with its wager on crypto, in Might this yr Revolut teased the launch of its personal token targeted on buyer loyalty dubbed “Revcoin”.
AltFi’s editorial director Daniel Lanyon mirrored on the potential of harnessing loyalty for fintech challengers, suggesting that Revolut’s providing might even exceed essentially the most profitable loyalty scheme: Tesco Clubcard.
Whereas 20 million individuals actively use their Clubcards within the UK, Revolut exceeded 25 million retail clients final month and has seen a pointy development trajectory, including 5 million clients to its person base in simply 4 months.
Revolut is well-known for its need to develop into an excellent app, and it’s continuously launching new options, and if it might harness its quickly rising buyer base when “Revoin” does launch, it could possibly be on monitor to turning into essentially the most profitable loyalty scheme…ever.
Learn extra: Revolut’s ‘Revcoin’: the brand new Tesco Clubcard….on steroids?
7. Monzo dethrones Starling on the British Financial institution Awards
After 4 years as prime canine on the British Financial institution Awards, Starling was pipped to the submit by Monzo this yr.
In addition to profitable the coveted Greatest British Financial institution award for the primary time, Monzo additionally received Greatest Enterprise Banking Supplier and Greatest Banking App.
Starling did maintain onto its Greatest Present Account Supplier award although, and took residence the Greatest Youngsters’s Monetary Supplier award too.
The excessive avenue banks have been absent from the awards once more this yr, nevertheless it was a profitable yr for fintechs throughout the board, together with Allica Financial institution, Chip, Freetrade and Ziglu, with all of the awards chosen solely by shoppers.
Learn extra: Monzo dethrones Starling on the British Financial institution Awards
6. Revolut launches as a financial institution in 10 extra European nations
Revolut’s very first announcement of 2022 noticed the launch of the app as a financial institution in one other 10 European nations.
Clients in Belgium, Denmark, Finland, Germany, Iceland, Lichtenstein, Luxembourg, Netherlands, Spain and Sweden turned capable of improve their accounts, which introduced the full variety of nations the place Revolut operates as a financial institution to twenty-eight.
“Launching the financial institution in ten new European markets will present an excellent better stage of safety and confidence for our clients, and can allow us to launch a number of recent services and products within the close to future,” Revolut Financial institution CEO Joe Heneghan mentioned on the time.
Now all that is still is for Revolut to safe its UK banking licence.
Learn extra: Revolut launches as a financial institution in 10 extra European nations
Wish to know what the highest 5 most-read tales of 2022 have been? Discover out in Half 2 right here.
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