The UK financial services sector sees massive capital injection as government pushes a £110B growth agenda.
The fintech giant commits billions and 1,000 jobs while weighing a US bank acquisition to accelerate global expansion.
Revolut
opened its new global headquarters in London's Canary Wharf financial district this
week, anchoring what the UK government called a £110 billion week of investment
commitments from major financial services firms.
The fintech
company pledged to invest £3 billion in the UK over the next five years
and create 1,000 high-skilled jobs as part of an ambitious $13 billion
global expansion plan through 2030. Chancellor Rachel Reeves attended the
headquarters opening, declaring Britain "open for business" as
her Leeds Reforms attract international finance companies.
Nikolay Storonsky, CEO of Revolut, seems to be aiming for wide-ranging European expansion (Revolut).
"We
are committed to the UK as our home country," Nik Storonsky,
Revolut's CEO and co-founder, told the audience. The company serves
65 million customers worldwide, including 12 million in the UK, and
aims to reach 100
million customers globally by mid-2027.
In July,
Revolut also opened a new headquarters for continental Europe in
Paris as it applied for a French banking license.
Competition Intensifies
for US Banking Market
Revolut
executives revealed the company is "actively looking" at
acquiring a US bank or applying for its own banking license there as
it pushes for international growth. The London-based firm remains
small in America compared to its European operations, where it has
established itself as the most valuable fintech startup.
"Being
a bank in every market we operate in is critical," Sid Jajodia,
Revolut's US CEO, told reporters. The company currently holds banking
licenses in the European Union and Mexico but lacks full banking status in both the
UK and US markets.
Revolut
received a restricted UK banking license in July 2024 after a
three-year regulatory process but remains in the "mobilization"
phase, preventing it from holding more than £50,000 in total customer
deposits. Storonsky said obtaining the final UK license remains his top
priority to transfer the company's 12 million British customers
into the new bank and offer credit products.
Investment
Surge Follows Regulatory Overhaul
The week's
financial commitments totaled more than £110 billion, with Blackstone
leading at £100 billion over the next decade, BlackRock contributing £7
billion, and PayPal adding £150 million for UK product development. Bank of
America announced plans for up to 1,000 new jobs in Belfast, while Citi
confirmed £1.1 billion across UK operations.
The
investment wave comes months after Reeves launched
the Leeds Reforms, described as the most comprehensive changes to financial
regulation in over a decade. The reforms aim to make Britain the top
destination for financial services businesses by 2035 through reduced red tape
and streamlined approval processes.
Rachel Reeves, Source: LinkedIn
"Through
our Leeds Reforms we're making Britain the best place for financial services
companies to do business, pushing us ahead in the global race for
investment," Reeves said at the Revolut headquarters opening.
Revenue Growth Drives
Expansion Plans
Despite
rapid customer growth, analysts note Revolut's average customer deposits
remain lower than traditional banks, with too few customers using it as
their primary account. The company
posted pre-tax profits of £1.1 billion last year, partly driven by
cryptocurrency earnings, on global revenues of £3.1 billion.
Revolut's
$13 billion investment target over five years dwarfs its current revenue
base but reflects the company's aggressive expansion strategy. The fintech
plans to enter 30 new markets by 2030, including across Latin
America, Asia and the Middle East.
The company
is also pursuing a secondary share sale that could
value it at $75 billion, cementing its position as Europe's most valuable
fintech firm. Revolut's success exemplifies the strength of Britain's
fintech sector, which includes around 3,000 firms supporting tens of
thousands of skilled jobs nationwide.
Revolut
opened its new global headquarters in London's Canary Wharf financial district this
week, anchoring what the UK government called a £110 billion week of investment
commitments from major financial services firms.
The fintech
company pledged to invest £3 billion in the UK over the next five years
and create 1,000 high-skilled jobs as part of an ambitious $13 billion
global expansion plan through 2030. Chancellor Rachel Reeves attended the
headquarters opening, declaring Britain "open for business" as
her Leeds Reforms attract international finance companies.
Nikolay Storonsky, CEO of Revolut, seems to be aiming for wide-ranging European expansion (Revolut).
"We
are committed to the UK as our home country," Nik Storonsky,
Revolut's CEO and co-founder, told the audience. The company serves
65 million customers worldwide, including 12 million in the UK, and
aims to reach 100
million customers globally by mid-2027.
In July,
Revolut also opened a new headquarters for continental Europe in
Paris as it applied for a French banking license.
Competition Intensifies
for US Banking Market
Revolut
executives revealed the company is "actively looking" at
acquiring a US bank or applying for its own banking license there as
it pushes for international growth. The London-based firm remains
small in America compared to its European operations, where it has
established itself as the most valuable fintech startup.
"Being
a bank in every market we operate in is critical," Sid Jajodia,
Revolut's US CEO, told reporters. The company currently holds banking
licenses in the European Union and Mexico but lacks full banking status in both the
UK and US markets.
Revolut
received a restricted UK banking license in July 2024 after a
three-year regulatory process but remains in the "mobilization"
phase, preventing it from holding more than £50,000 in total customer
deposits. Storonsky said obtaining the final UK license remains his top
priority to transfer the company's 12 million British customers
into the new bank and offer credit products.
Investment
Surge Follows Regulatory Overhaul
The week's
financial commitments totaled more than £110 billion, with Blackstone
leading at £100 billion over the next decade, BlackRock contributing £7
billion, and PayPal adding £150 million for UK product development. Bank of
America announced plans for up to 1,000 new jobs in Belfast, while Citi
confirmed £1.1 billion across UK operations.
The
investment wave comes months after Reeves launched
the Leeds Reforms, described as the most comprehensive changes to financial
regulation in over a decade. The reforms aim to make Britain the top
destination for financial services businesses by 2035 through reduced red tape
and streamlined approval processes.
Rachel Reeves, Source: LinkedIn
"Through
our Leeds Reforms we're making Britain the best place for financial services
companies to do business, pushing us ahead in the global race for
investment," Reeves said at the Revolut headquarters opening.
Revenue Growth Drives
Expansion Plans
Despite
rapid customer growth, analysts note Revolut's average customer deposits
remain lower than traditional banks, with too few customers using it as
their primary account. The company
posted pre-tax profits of £1.1 billion last year, partly driven by
cryptocurrency earnings, on global revenues of £3.1 billion.
Revolut's
$13 billion investment target over five years dwarfs its current revenue
base but reflects the company's aggressive expansion strategy. The fintech
plans to enter 30 new markets by 2030, including across Latin
America, Asia and the Middle East.
The company
is also pursuing a secondary share sale that could
value it at $75 billion, cementing its position as Europe's most valuable
fintech firm. Revolut's success exemplifies the strength of Britain's
fintech sector, which includes around 3,000 firms supporting tens of
thousands of skilled jobs nationwide.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
