Revolut, a global fintech player, is strengthening its strategic partnership with Google Cloud, signalling its ambitious plans to scale its business. Under the new multi-year agreement, the company intends to leverage advanced infrastructure and AI tools from Google to serve a target of more than 100 million active users every day.
This is a key move for the fintech, which is busily expanding its offering and global reach.
The basis of the expanded partnership is to move Revolut’s key operational elements onto Google Cloud infrastructure. This is to provide the company with the stability and efficiency needed to support its rapidly growing customer base, which now exceeds 60 million.
This decision is no coincidence – as Revolut transforms from a currency exchange app to a comprehensive financial platform, technological reliability becomes crucial to maintaining user trust.
An important part of the deal is the implementation of advanced analytics tools and artificial intelligence models from Google, including Gemini. Revolut plans to use them for two main purposes.
Firstly, to improve fraud detection systems, which is critical in the face of a growing number of transactions and increasingly sophisticated threats. Secondly, AI will be used to better personalise offerings, which is expected to allow products and services to be more precisely tailored to the individual needs of customers in different markets.
The partnership with Google Cloud is part of Revolut’s wider strategy to diversify its revenue and product offering. Over the past year, the company has launched its own ATMs, developed savings tools and announced its entry into the telecoms sector.
Such a wide range of activities requires a powerful and flexible technology base, which is precisely what Google’s cloud is designed to provide.
For Revolut, which despite its impressive financial performance is still waiting for key banking licences in some markets, such a partnership is also a way to strengthen its technological position vis-à-vis traditional banks.
By investing in scalable infrastructure and cutting-edge AI solutions, the company wants not only to keep up with growth, but also to maintain its lead in innovation and speed of deployment of new solutions.
