Revolut is moving beyond core financial services: CEO Nik Sztoronszkij announced on Friday that the company is building a wider technology product portfolio and has developed proprietary artificial intelligence models, Reuters reports.
What the AI models are based on
At the Wave by Vento technology forum in Turin, Sztoronszkij said the models were trained on customers’ transaction data using methods comparable to those applied to large language models. He noted that Revolut processes 30–40 million transactions daily, which he described as a unique dataset for development.
The CEO added that the company’s long-term aim is to reach a scale comparable to the largest US technology firms.
Valuation and growth
Revolut’s valuation rose from $45 billion to $115 billion this year following a secondary share sale. That private-market valuation now exceeds the market capitalizations of some established European banks, such as Barclays and Société Générale.
In an interview with Bloomberg TV, Sztoronszkij said that if the company goes public, he would favour a US primary listing.
Regulatory approvals and expansion
Expansion has also proceeded on the regulatory front: Revolut received preliminary approval in September to pursue a banking licence in the United States. Earlier in the year the firm obtained necessary licences in the United Kingdom and France.
Regulatory and security challenges
Rapid growth has brought challenges. In 2025 the Bank of Lithuania imposed a record fine of €3.5 million on Revolut for deficiencies in its transaction-monitoring systems, although the investigation did not uncover specific money-laundering cases.
In September it emerged that the company had inadvertently passed customer data to hackers who had posed as government investigators. Revolut said the incident did not affect its systems or customer funds.
Why this matters
Revolut’s moves — developing in-house AI models trained on large transaction volumes and securing cross-border banking approvals — signal an ambition to evolve into a technology company as well as a financial services provider. At the same time, regulatory fines and security incidents highlight the risks that come with rapid scaling and the areas the company will need to address to sustain growth.
This article was prepared based on Reuters reporting. An AI assistant contributed to the drafting; the final text was edited and verified by our journalist.
