John Doran interviewing Nik Storonsky, Founder and CEO of Revolut at the Dubai Fintech Summit скачать в хорошем качестве

John Doran interviewing Nik Storonsky, Founder and CEO of Revolut at the Dubai Fintech Summit

In this fascinating interview, John asks Nik about Revolut and the role of innovation in financial inclusion. Nik is one of the titans of Fintech. John and Nik discuss Revolut's rapid growth, with John highlighting the company's expansion and Nick sharing the origin story of how Revolut evolved from a personal problem solver to a digital payment platform with $2 billion in revenue and $250 million in net income. Revolut's growth has been extraordinary. From the moment it was founded, the team at Revolut has focused on its mission to simplify money for everybody, and the results speak for themselves, with over 40 million personal and 500 thousand business customers across 40 countries around the world. Highlights: Financial inclusion and digital banking with a focus on Revolut's success and goals. John shares how he started with Revolut as a customer, a fintech company he invested in. Nik explains how he founded Revolut 10 years ago in London to solve a personal problem with currency exchange. Nik: "We wanted to build a truly global bank with no role for legacy systems." Nik: "We'll unify products, make them modularised, and expand globally." AI use in fintech, including regulatory challenges and product limitations. Revolut's systematic approach to problem-solving and building businesses has been crucial to their success. Being local and partnering with regulators is critical for their businesses, which are heavily regulated. Local banking licenses are crucial for expansion but challenging to obtain. Nik highlights the importance of AI in fintech, citing its potential to revolutionise the industry. Nik discusses the limitations of AI, including the hype surrounding its use and the need for practical applications. AI applications in FinTech, including fraud prevention and customer lifecycle management. Nik discusses how AI has improved their business, reducing costs and increasing efficiency. Nik mentions the use of AI models for anti-fraud and money laundering prevention. Nik: "Architecture needs to change to make tech cheaper." Nik: "Regulations are complex; build small blocks for compliance."