The State’s main banks given green light to set up app to rival Revolut

17 comments
  1. For the last few years, Irish banks didn’t want small customers. Now they are trying to win them back.

  2. > Jun2022/?section=comment#comments

    You have linked directly to the comments section.

    Of the journal.ie

    Are you a mad man!?

  3. Previously worked in two of the big Irish banks – they’ll fuck it up believe me. Too many dinosaurs at the wheels from a technological standpoint.

  4. Why the fuck don’t they just implement SEPA instant like every other fucking bank in Europe?!

    Why the need for this fuckery of another app that isn’t even interoperable with the rest of the European banking system, there already exists a widely adopted standard for instant payments in the EU.

  5. Revolut is class. But as it grows you will see charges come in. It will become the same as the others.

  6. Why did it take 4 years for revolut to get a banking licence and luke six months for the banks to get permission to build a revolut knockoff.

    Its just a cartel here.

  7. Why do you think AIB and BOI have wall to wall ads on TV all the time for mortgages? Because that’s all they have left to offer you, they’re nothing more than a mortgage and loan broker. They are not banks in the traditional sense anymore.

    Do you really think they’re going to provide the support and services that Revolut offer? With their outsourced staff on the other side of the planet. They were warned about this over a decade ago, maybe more, and they did nothing but give themselves handsome bonuses after we, the Irish tax paying public, bailed them out.

  8. If they’re smart and cost effective they’ll buy “irish ” revolut version moneyjar which is tiny and looks like it failed to take off.

    Otherwise 2 years of development for an app that doesn’t work and wondering why “millennials” who are reaching 40 now just get paid into accounts and top up to revolut and avoid traditional banking.

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