UK-based fintech Revolut has signed a multi-year and multi-million-dollar deal with Google Cloud.
The fintech will use Google Cloud’s infrastructure for its global systems under the agreement.
The two companies have an existing relationship, with Revolut being one of the largest Google Pay and Wallet partners. A previous case study from Google states that Revolut built its core infrastructure with Google Compute Engine, and leverages Google’s “extensive global network of data centers.”
“Google’s world-leading AI and cloud infrastructure are an incredible asset,” said David Tirado, VP of global business and profitability at Revolut. “This partnership will empower us to rapidly scale our offerings, deliver even more personalised and valuable experiences to our customers, and continue to outpace the traditional financial sector. We’re building the future of finance, and Google is a key partner on that journey.”
Tara Brady, president, Google Cloud EMEA, added: “Revolut is consistently pushing the boundaries of the financial sector. Google is proud to provide the secure, scalable, and intelligent infrastructure, powered by our leading AI, to fuel its ambitious global expansion and help it deliver the next generation of financial services to a new audience.”
In addition, Revolut plans to use Google’s AI and machine learning tools to improve fraud detection and create product offerings for its customers.
In October 2024, the BBC reported that around 100 Revolut customers had contacted it to report that they were victims of scams. Revolut told the BBC that, in 2023, they had been able to reduce fraudulent transactions on their service by ten percent, and had prevented £475m ($640m) in potential losses.
The fintech launched in 2015, and today has more than 60 million customers.
Read the orginal article: https://www.datacenterdynamics.com/en/news/revolut-and-google-cloud-sign-multi-year-agreement/