We Want to 'Dominate' US: Revolut's Storonsky

• Revolut is rapidly expanding, targeting 100 markets this year, with banking licenses in the UK, France, Australia, and a full operation in Mexico.
• The company's modern tech stack allows for quick market launches and lower costs, enabling it to 'eat the pie' of incumbent banks by offering innovative services and forcing competitive pricing.
• In the US, Revolut aims for full banking approval, launching credit cards and loans, targeting younger, affluent, and globally-minded customers, with a primary US stock listing planned.
• Storonsky foresees AI agents transacting on behalf of customers, leading to a significant shift from UI/UX-driven products to backend logic and increased automation in banking.

Revolut CEO Nik Storonsky outlines the fintech's aggressive global expansion, leveraging its modern tech stack to quickly enter new markets and secure banking licenses. He details plans to 'dominate' the US market with a full digital banking offering, including credit cards and loans, while also discussing the future impact of AI agents on banking business models.