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Revolut will launch private banking services

Revolut is looking for employees for the new business, also in Poland

Revolut has published job advertisements on its website that may suggest that the fintech is getting closer to offering private banking services. The company seeks managers responsible for regulatory compliance and customer relationship management in this market segment. This could also mean that the intentions, already articulated by Revolut representatives, have moved to the subsequent implementation phase.

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Revolut's chief executive, Nik Storonski, mentioned plans to introduce services for the wealthiest customers at the end of last year. In an interview, a company spokesperson said that private banking is an area Revolut is exploring to expand and improve its offering. He added, however, that it was at an early stage for now and declined to give further details on the subject.

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Private banking services are aimed at the wealthiest clients. In Polish terms, their recipients are people with liquid assets (e.g., cash, deposits) worth at least one million zlotys. Elements of private banking include services related to savings management or capital investments and unique versions of personal accounts equipped with value-added or prestigious payment cards. Most banks operating in the Polish market have an offer for such clients.

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