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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 25 sources · 7 days · First seen · Last updated

Revolut AI research and PRAGMA model development

Overview

Fintech company Revolut has launched Revolut Research, a dedicated artificial intelligence division aimed at developing proprietary machine learning architectures for its financial services.

A central component of this initiative is PRAGMA, a foundation model developed in partnership with NVIDIA. The model is designed to decode complex financial behaviors to power real-time risk assessment, fraud detection, platform operations, and personalized product recommendations. Revolut intends to embed this intelligence directly into its core financial engine to avoid reliance on third-party software wrappers.

Early testing of the PRAGMA model using historical data has demonstrated significant performance improvements over legacy systems. Reported results include a 2.3 times increase in accuracy for identifying credit default risks, a 65% increase in fraud detection, and a 41% improvement in the relevance of product recommendations.

Entities

Revolut · PRAGMA · Nvidia · Pavel Nesterov · Revolut Research

Timeline

  1. 15 days ago

    [TECHNOLOGY] 2 sources
    Revolut and NVIDIA launch AI research unit for financial services

    Revolut and NVIDIA have partnered to launch Revolut Research, a new division developing the PRAGMA AI model to enhance credit risk assessment, fraud detection, and personalized financial services.

  2. 21 days ago

    [BUSINESS] 23 sources
    Revolut launches AI research division to develop proprietary financial models

    Revolut has launched Revolut Research, a new AI division developing the PRAGMA foundation model with NVIDIA to enhance fraud detection, credit risk assessment, and personalized financial services.

Sources

360mozambique.com · banken.nl · businessdaily.gr · businessinsider.es · correiodamanhacanada.com · cryptonomist.ch · diarioeconomico.co.mz · economx.hu · ekonomika.lt · expansion.com · fxnewsgroup.com · insider.gr · isbtech.pl · jornaldenegocios.pt · marketingdirecto.com · piatafinanciara.ro · publicpolicy.it · siliconrepublic.com · tech.eu · techafricanews.com · technaujienos.lt · tecnobreak.com · thetechnologyexpress.com · wiadomoscihandlowe.pl · xataka.com