[shafyy]

I'm curious why a tech-first bank like Revolut is not building something like this internally if it's such an obvious cost-saving measure? I understand why traditional banks might not (no tech culture, old processes, all the usual bla).

[whiplash451]

Traditional banks are actually a harder sell b/c they are more risk averse in terms of data leaving their servers.

[rhimshah]

Yup very true! Traditional banks are far more risk averse and generally have larger budgets for compliance. Whereas fintechs/neobanks have smaller budgets for these things as most of their capital is poured into growth.

In the case of Revolut, I'm sure they will build something similar in-house, if they haven't already since I left!