Revolut launched Revolut Research, a dedicated AI research division focused on developing proprietary machine-learning technology for financial services.

The unit is responsible for PRAGMA, Revolut’s foundation model developed in collaboration with Nvidia. The model is designed for credit-risk assessment, fraud detection, platform operations and personalised product recommendations. Revolut said early tests showed 2.3x higher credit-risk accuracy, 65% more fraud cases detected and 41% more relevant product recommendations compared with existing baselines.

Source: revolut.com