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Revolut aims for higher compliance standards as it seeks expansion in Asia

Firm plans to make Singapore its regional hub and to innovate and develop new products here

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"Developing this system in-house gives our customers the ability to, very quickly, verify the transaction on their smartphones and reduce fraud losses on our end." - Rayson Tan, chief compliance officer, Revolut Singapore, referring to the in-house fraud detection system that can flag a possible fraudulent transaction "within milliseconds".

Singapore

FINTECH Revolut has amped up efforts in boosting compliance standards, which it sees as necessary for regional expansion.

One of its most senior hires is Rayson Tan, who recently moved from Credit Suisse to join the payments fintech as its new chief compliance officer for...

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