Fintech Rundown (10/04) - Revolut, Visa, Kalshi

Revolut released its first AI-powered financial assistant to its 13 million-plus UK customers, claiming it is more sophisticated than a traditional chatbot. The AI assistant's key highlights, according to Revolut, are customers gaining instant spending insights, tracking investments, or freezing a lost card through a simple prompt. The company also claims that the personal information of customers is never stored by third-party AI partners or used for training external AI models.

Visa has introduced Intelligent Commerce Connect, a new offering designed to help businesses participate in AI-powered commerce. The product sits within the Visa Intelligent Commerce portfolio and is positioned as an “on ramp” for agent builders, merchants, and enablers to support agentic transactions. The solution will function as a network, protocol, and token vault-agnostic layer for onboarding to agentic commerce.

Kalshi now controls roughly 89% of measured U.S. prediction market volume, far ahead of Polymarket at 7% and Crypto com at 4%, according to BofA estimates. The shift points to a market consolidating around platforms with clearer regulatory standing. However, A widening regulatory divide is emerging as Kalshi operates under CFTC oversight while crypto-native rival Polymarket faces tighter U.S. restrictions despite strong global activity.

That’s your fintech rundown. Stay tuned for more updates.