# Revolut AI research and PRAGMA model development > Live situation record from CLSTR: https://clstr.news/situations/revolut-ai-research-and-pragma-model-development > Updated: 2026-08-31T03:30:00.000Z. Sources: 25. Developments: 2. 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. ## Timeline ### 2026-08-31: 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 sources. https://clstr.news/cluster/revolut-and-nvidia-launch-ai-research-unit-for-financial-services ### 2026-08-25: 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. 23 sources. https://clstr.news/cluster/revolut-launches-revolut-research-to-advance-financial-ai --- Cite as: Revolut AI research and PRAGMA model development. CLSTR, https://clstr.news/situations/revolut-ai-research-and-pragma-model-development