Revolut launches AI unit as proclaims virtues of proprietary AI
Tech.eu 1 month ago 54
Revolut launched Revolut Research, a dedicated AI research unit in financial services focused on building the AI stack in-house. Revolut says its finance AI model PRAGMA, built with Nvidia, produced early results including 2.3x higher accuracy for credit default risk and 41% more product recommendations. It plans to use these native foundation models across functions like fraud detection, credit decisions, recommendations, and customer service instead of relying primarily on third-party tools.