Pole Takes Helm of Revolut's European Bank, Sees Big Potential in Poland

Jakub Fast, a Polish executive with extensive experience in digital banking, has taken the helm as CEO of Revolut Bank UAB, the European banking arm of the fintech giant.

His appointment, approved by the European Central Bank and the Bank of Lithuania, marks a significant moment for Polish leadership in the European financial sector. Fast, who previously played a key role in establishing Chase UK, will now be responsible for Revolut's banking operations across 30 European markets. His primary objective is to further develop the fintech's banking services within the European Economic Area and strengthen its position among its more than 55 million global customers.

"Taking on this role is an opportunity for me to co-create the next stage of Revolut's banking services development across the entire European Economic Area," Fast stated. "We want to show that daily financial management can be simpler, more intuitive, and significantly cheaper."

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Taking on this role is an opportunity for me to co-create the next stage of Revolut's banking services development across the entire European Economic Area. We want to show that daily financial management can be simpler, more intuitive, and significantly cheaper.

Fast sees substantial potential in Poland, where Revolut currently serves over 5 million customers. The company aims to reach 6 million by the end of the year and has long-term ambitions to capture 10 to 15 million customers in the country. A key part of this strategy involves opening a Polish branch that will operate under Revolut's European license. This move will enable closer integration with Poland's financial system and foster collaboration with national regulatory bodies.

Revolut's competitive edge, according to Fast, lies in its ability to rapidly deploy new products across multiple markets simultaneously and leverage artificial intelligence to enhance processes and customer service. The company is already Europe's largest retail bank by customer numbers, growing by approximately one million customers every 17 days.

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In the long term, there is easily room for 10-15 million Revolut customers in Poland.