Revolut, a major fintech company based in London, has announced the launch of a new AI tool designed to assist users in managing their finances.
New AI Tool from Revolut
At an event in Milan, Revolut’s UK CEO Francesca Carlesi confirmed that the company is finishing testing its new AI tool and will introduce it to the market soon.
Company Growth and Plans
Through its 2025 strategy, Revolut aims to enhance financial management for clients using new technologies. In the past year, the company's income jumped 72%, reaching £3.1 billion ($4 billion). As part of its expansion plans, Revolut intends to strengthen its UK banking team, aiming to hire 200 staff by the end of 2025.
Brexit's Impact on Fintech
Carlesi expressed concerns regarding the differences in financial regulations between the UK and Europe following Brexit, believing that cooperation is essential to avoid regulatory challenges. This split complicates the company's global expansion efforts, yet it continues to advance its international presence.
Revolut is actively evolving by integrating innovative technologies with traditional banking, aiming to establish itself as a leading global financial player by 2025.
