Revolut trains a finance model on 80M customers

Revolut launched Revolut Research around PRAGMA, a finance model trained with Nvidia that the digital bank says caught 65 more fraud cases, improved credit-default identification accuracy 2.3x, and generated 41% more product recommendations across a base of 80 million customers, according to Tech.eu’s launch report. The bank’s bet is one foundation model spanning fraud, credit, recommendations, and service; operators should compare the value of shared behavioral context against the governance cost of centralizing those decisions, as the archive’s analysis of premium model spend illustrates for AI economics.