Revolut has revealed its 2025 vision, with AI assistant, mortgages, and ATMs reportedly on the horizon.
Revolut co-founders Nik Storonsky and Vlad Yatsenko took to the stage at the company’s The Revolutionaries event in London in order to mar 50 million Revolut customers and share the Fintech firm’s future product vision for 2025.
Revolut, which has grown by more than 10 million customers globally in 2024 so far, is now reportedly focused on accelerating the “roll out of innovative products and services to continue disrupting global financial services in its bid to become the world’s first truly global bank.”
Amongst the key highlights Revolut announced:
Artificial Intelligence
Revolut announced its new AI-powered assistant to consumers. Revolut’s financial companion will adapt “to customers’ needs and preferences in-app, guiding them towards smarter money habits, enhanced financial decision-making and streamlined admin.”
The company will aim for a gradual roll-out next year, which will be developed over time as the potential of AI to “simplify and transform personal finance continues to unfold.”
Mortgages
As Revolut continues to shake up traditional financial service offerings, the company confirmed plans to “launch its mortgage product in Lithuania followed by Ireland and France in 2025.”
The goal is to offer a digital mortgage product that is the fastest on the market, aiming to issue instant “approval in principle and final offer in one business day subject to asset valuation and any necessary checks.”
Mortgages are expected form part of the credit offering Revolut is looking to build, with the company “exploring overdrafts.”
ATMs
Revolut will start rolling out “branded” ATMs – bringing these to Spain for use in “early 2025.”
Revolut ATMs will dispense cash and cards, and in the long-term accept cash deposits, with security through “facial recognition identity authentication.”
Revolut Business
In 2025, Revolut Business will bring its first business credit product to Europe and aims to offer one of the “top business savings rates” in all EU markets next year.
Revolut Business plans to help companies manage their restaurant and store operations with Revolut Kiosk, for which it is exploring biometric payments, and plans to continue to “push its Revolut Pay offering with multiple payment methods including, in future, Buy Now Pay Later.”
Nik Storonsky, Revolut’s CEO and Co-Founder said that 2024 has been a significant year for Revolut, with “millions of new accounts opened and innovative products launched across our markets. 2025 will be bigger and better.”
Antoine Le Nel, Chief Growth and Marketing Officer, Revolut said that the company continues to change the “face of finance.” They added that they’ve grown to over 50 million customers in “less than a decade, a tremendous achievement, and proof that consumers want more from their money.”
