Revolut builds own foundation models as CEO eyes Meta-scale ambition
Revolut CEO Nik Storonsky said at the Wave by Vento event in Turin that the company already trains its own foundation models on transaction data, along with its own large language models and data centres. He said AI agents will be able to shop for customers using Revolut's secure card details, that the company plans AI advice on spending, stocks and funds, and that it will open its platform so third-party agents can talk to its own agents through MCP, with every action authenticated by the customer. Revolut previously partnered with OpenAI to bundle ChatGPT Go into its subscriptions.
A large fintech building in-house models and opening an agent-facing interface shows how European financial firms want more control over their own AI stack.
Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”.
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