Revolut, a big fintech company based in London, is getting ready to launch a new AI tool to help its customers manage their money. At the event in Milan, Revolut’s UK CEO Francesca Carlesi stated that they are finishing testing and will roll it out soon.
This fits with the Revolut’s 2025 plan to use smart AI to improve how its customers handle their finances, showing their focus on new ideas. Carlesi further explained that the fintech world is getting more competitive, and the world does not have small companies anymore. Big companies like Revolut, which has 52.5 million customers, more than HSBC, are now challenging traditional banks.
This growth has helped Revolut’s income jump 72% to £3.1 billion ($4 billion) last year, with profits going up too. As per the reports, the company wants to strengthen its UK banking team, aiming for 200 staff by the end of 2025, as it works toward becoming a full bank there.
Revolut is also growing worldwide, applying for 10 banking licenses and keeping its main office in London. Last month, it invested €1 billion in France, making Paris its Western European base. It plans to hire 200 people there over three years and get a local banking license. This initiative is part of the firm’s plans to grow even after the competition has increased.
Carlesi is worried about the different financial rules between the UK and Europe since Brexit. She thinks that the two should work together to avoid problems, especially because it’s now tougher to use the same plans for things like stablecoins, cryptocurrencies, and stopping fraud across different countries.
This split makes it harder for the firm to grow globally, but it has not stopped the company from pushing forward with big plans. The firm is connecting new fintech ideas with old-school banking by introducing an AI assistant and expanding worldwide.
This shows they’re bravely trying to change how financial services work. With a focus on technology that helps customers and figuring out tricky regulations, Revolut wants to become a major global financial leader by the end of 2025.
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