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Revolut CFO resigns following money laundering controversy

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Re: Revolut CFO resigns following money laundering controversy

#61

Post by staticelf »

tomp wrote: post #47
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

I really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!

But who is promising it? It's not like the individuals that work in the teams tasked to work on the weekends is the same individuals that promise these KPI-numbers?

Even so, can you really claim that they are not pushed towards nearly impossible goals? It's very common to not reach a goal for a gazillion of reasons, forcing people to work weekends while you yourself get all the money from it is being an asshat.

Re: Revolut CFO resigns following money laundering controversy

#62

Post by fyfy18 »

sschueller wrote: post #27

I don't like how aggressively Revolut tries to up sell you its premium service. Revolut's metal card seems more like a status symbol and the service seems secondary. Additionally they still have no accounts where I am resulting in IBAN fees. In contrast transferwise may not support "crypto" (Revolut doesn't let you send out or in crypto making it more or less useless) but they are not trying to up sell you and they d…

Revolut, N26 and Monzo all have premium accounts with metal cards which are nothing than a status symbol. The banking industry has been doing this for years though with premium credit cards, so it's nothing new.

Re: Revolut CFO resigns following money laundering controversy

#63

Post by pjc50 »

tomp wrote: post #47
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

I really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!

KPIs are an ultimatum not a promise.

Re: Revolut CFO resigns following money laundering controversy

#64

Post by SmellyGeekBoy »

tomp wrote: post #47
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

I really don't see a problem with this. It's not the "working on weekends" that's the issue, it's KPIs. If you promise something, deliver it. If you don't think you can, don't promise it!

Who gets to set their own KPIs? I've never known a company where this is the case.

Re: Revolut CFO resigns following money laundering controversy

#66

Post by buboard »

entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

There's always crypto ...

Re: Revolut CFO resigns following money laundering controversy

#67

Post by SmellyGeekBoy »

entity345 wrote: post #4

Anti-money laundering regulations are completely crazy these days. I recently opened a child bank account (in the UK) and the application form had one page for parents and child's details then 5 pages related to money laundering... Edit: here we are... Send in the immature downvotes.

I actually lost my business account with HSBC over these new regulations (UK again). They asked me for additional information to identify myself and apparently the evidence I provided wasn't adequate, so they closed my account at very short notice. This having been a personal customer of theirs for 20 years and a business customer for 7.

Thankfully I got everything moved over to Lloyds and I couldn't be happier with their service.

Re: Revolut CFO resigns following money laundering controversy

#68

Post by walrus01 »

buboard wrote: post #65
gondo wrote: post #3

also CEO of Revolut: "Why aren’t you working on weekends?" https://twitter.com/phillipcaudell/status/110108122935141580...

he 's just trying to fit in to the whole "finance" ecosystem

I thought that was more about snorting cocaine off the backside of a stripper.

Re: Revolut CFO resigns following money laundering controversy

#69

Post by cm2187 »

Crosseye_Jack wrote: post #34
cyberferret wrote: post #28

Earlier quoted context omitted.

If you look more carefully, the icon actually says "GET SH*T DONE". Somehow a little more apt given the current headlines.

"GET SHIT DONE" has been their company mantra for years. They have it on their office walls.

To be honest the banking industry has a very long history of building superb, over-engineered systems that are meant to sustain a nuclear strike, though in practice are down once a week, delivered 5 years late, and never fit for purpose.

Re: Revolut CFO resigns following money laundering controversy

#70

Post by benj111 »

sschueller wrote: post #53
wil421 wrote: post #42

Earlier quoted context omitted.

Why would anyone work for a company like this? You startup folk are much better than this! Thankfully this person pushed back. Why would you ever put up with something like this? I would laugh at the recruiter or manager if I was asked to do something like this. It’s akin to that door to door knife company that takes advantage of college kids. There was a wired article in the twitter link you provided. >She did a 30-…

Isn't that illegal in the UK without compensation?

They kind of are getting compensated (the job offer), I think the issue is if the applicant didn't divulge to their 'friends' that they were getting a job on the back of it. Not sure if applicants would be classed as employees in this context though.
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