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Nik Storonsky

CEO & Co-Founder, Revolut

Search every verified Nik Storonsky interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In an October 2026 interview at the Wave by Vento tech conference in Turin, Revolut CEO Nik Storonsky discussed the company's ambitions to expand into the US market and compete with established financial institutions such as JPMorgan and American Express. He described Revolut's plans to offer a full digital banking suite, including credit cards and loans, and to integrate AI and automation into its services. Storonsky also mentioned the company is preparing to test AI agents capable of shopping and transacting on behalf of users. Storonsky attributed Revolut's ability to scale across markets to its modern technology stack, which he said allows the company to launch in new countries by adjusting configurations rather than building systems from scratch, unlike traditional banks that expand through acquisitions. He stated that Revolut aims to "dominate" in every market it enters, framing the company as a "small and new JPMorgan" with a comprehensive digital banking offering. He also noted that Revolut has over 6 million customers in Italy and discussed a shift toward backend logic to support AI agents, while acknowledging that the pace of industry change makes long-term predictions difficult.

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Notable quotes

“So, basically I had this fight and then, I was extremely pissed off and I thought, you know what, I also need to compete with VCs in that business because they are so bad and out of my frustration I started the fund as well. And then the idea was basically to invest not based on a human judgment, but based on their science and based on their machine learning models. Statistical investment is number one. Number two, a”

“To build a very large business to capture large market share, it's just unavailable. So, I think in US, a lot of companies started like Chime, Cash App, it was simple before 10-12 years ago. They all never went for banking license. I think it's a big mistake. So, they could never become a large business. Just because they are not a bank, right? They can target certain niche audience, certain cohorts of customers, I d”

“We need to get full approval, then we will be a credit first bank. We will launch credit cards, we will launch loans. It is a complete digital experience. The target audience is younger people, more affluent people. More people with a global background. I think we have a good chance. Even now, our existing business in the U.S., which is done with one of the banks, we are now invested a lot in this product. We are sti”

“Well basically we have advantage. So we have modern tech stack which is optimised for scaling across many markets. So for us when we want to launch a new market, we do not need to kind of code a new program from scratch when you do it from scratch. So we have already a system that we just simply change config. We change onboarding we change certain features, and then we can launch a market quickly provided we have a ”

“I think we'll see more and more consolidation. I think we'll see more and more sort of digital champions in the regions taking on more and more banking shares in those regions. So maybe this will take ten years, maybe it'll take 50 years, 20 years. But I do think that we'll see less and less legacy banks or less and less the legacy banks will make so much money.”

“I think it's obviously much easier for us and the other administration, plus that we have so many other banking licenses. Plus, we have a medical center. So for us, it became much easier compared to two years ago.”

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