The prominent fintech firm, Revolut, headquartered in London, is gearing up to debut an innovative AI-powered tool aimed at assisting its customers with financial management. During a gathering in Milan, Francesca Carlesi, the UK CEO of Revolut, announced that they are wrapping up testing and plan to make it available to users shortly.
This aligns with Revolut’s 2025 vision to leverage advanced AI technology to enhance customer financial management, demonstrating their innovative approach. Carlesi elaborated that the fintech sector is growing increasingly competitive, and smaller companies no longer exist in this context. Instead, established players like Revolut (with over 52.5 million customers, surpassing HSBC) are posing significant challenges to traditional banking institutions.
Last year, Revolut’s earnings soared by 72%, reaching an impressive £3.1 billion ($4 billion), and their profits also saw a rise. According to recent reports, the company is planning to expand its UK banking team, with a goal of having 200 employees by the end of 2025. This move is part of Revolut’s ambition to fully establish itself as a bank in the United Kingdom.
Globally, Revolut continues expanding, pursuing applications for ten banking licenses while maintaining its headquarters in London. Recently, it injected €1 billion into France, establishing Paris as its primary hub in Western Europe. The company intends to recruit 200 employees over a three-year period and secure a local banking permit there. This move is an integral part of the firm’s strategy to keep growing despite heightened competition.
Carlesi is concerned about the disparate financial regulations between the UK and Europe following Brexit. She believes that collaboration would be beneficial to prevent potential issues, particularly as it becomes more challenging to implement consistent strategies for aspects like stablecoins, cryptocurrencies, and cross-border fraud prevention.
This division complicates global expansion for the company, yet it hasn’t hindered their ambition for grand strategies. The firm is bridging traditional banking methods with modern fintech concepts by integrating an Artificial Intelligence (AI) assistant and broadening its reach globally.
Revolut is boldly striving to revolutionize the way financial services operate, with an emphasis on technological solutions for consumers and navigating complex regulatory issues. By the close of 2025, their ambition is to establish themselves as a significant global financial authority.
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2025-06-18 17:18