Revolut aims to become global tech company beyond banking, CEO says
Source: CNA
Published on: 2026-10-09 14:55
TURIN, Oct 9 : Revolut plans to move beyond financial services and develop a broader suite of technology products, Chief Executive Nik Storonsky said on Friday, as Europe's most valuable startup pushes deeper into global markets. Storonsky said Revolut had developed proprietary AI models trained on customer transaction data, using techniques similar to those underpinning large language models. "With 30 to 40 million transactions taking place every day on Revolut, we have a unique dataset to build on," he said at the Wave by Vento tech forum in Turin, adding that his long-term goal was for Revolut to reach a scale comparable with the biggest US technology companies. Revolut's rapid growth has drawn regulatory scrutiny. In 2025, Lithuania's central bank imposed a record €3.5 million fine over shortcomings in transaction-monitoring controls, though the company said the investigation foun...
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