Revolut is positioning itself to challenge established US financial giants by matching their credit card rewards while layering in agentic AI tools that could reshape how customers shop and bank.
Chief Executive Nik Storonsky outlined the strategy during remarks in Turin, emphasizing a desire to dominate markets the company enters rather than merely participate.
Once full regulatory approval is secured, Revolut intends to roll out a complete digital banking experience for American users.
That sequence begins with personalized account features, moves next to credit cards and loans, and eventually brings over the broader suite of products already available in the UK and Europe.
The planned US credit cards are expected to deliver points and benefits comparable to those from American Express and JPMorgan Chase, supplemented by additional capabilities those firms do not currently offer.
The London-based firm received conditional approval from the Office of the Comptroller of the Currency in early September to form a national bank.
HUGE: Revolut is building its own version of Meta Muse and Grok Bot.
CEO Nik Storonsky just told Bloomberg that AIR (AI by Revolut) will soon browse the internet and Amazon to shop for customers.
Card details stay inside Revolut’s environment, which he called “completely… pic.twitter.com/skLFWKVNBd
— Linas Beliūnas (@linasbeliunas) October 9, 2026
Full clearance from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve is still required before operations can begin; management has indicated a target launch in the first half of 2027.
In the interim, Revolut’s limited US activities continue through a partner bank and are already generating profit with modest investment.
The company has more than 80 million customers worldwide and aims to attract younger, affluent individuals, expatriates, and frequent travelers in the United States.
Storonsky has also signaled that any future public listing would prioritize a primary US venue for its deeper market liquidity, potentially alongside a dual listing, though an IPO is not expected before 2028.
Parallel to the banking expansion, Revolut is advancing AIR, its in-app AI assistant.
Storonsky stated that the tool will soon be able to browse the open internet and sites such as Amazon to complete purchases on a customer’s behalf.
Payment credentials remain entirely within Revolut’s systems, which he described as completely secure, so that external merchants never see card details.
Testing is scheduled to begin in December, starting in the UK before rolling out across Europe.
The company views this as part of a larger shift in which AI agents handle browsing, shopping, and transactions, reducing reliance on conventional websites and mobile interfaces.
Storonsky suggested that over the next five years such automation could become widespread enough to change how digital services are delivered, with greater emphasis on backend systems that agents can query efficiently via APIs and protocols.
Revolut is also developing proprietary AI models trained on its own transaction data—tens of millions of events daily—and has spoken of longer-term ambitions to evolve beyond pure financial services into a broader technology platform.
These comments arrive against the backdrop of earlier remarks from JPMorgan Chase CEO Jamie Dimon, who has acknowledged competitive pressure from European fintechs in retail markets. Storonsky has framed the US push as an effort to build something customers might eventually view as a new kind of full-service bank.