Revolut Deploys Custom AI Foundation Model to Overhaul Banking Operations | Streamline

Revolut has deployed PRAGMA, a proprietary AI foundation model trained on 40 billion financial events from 25 million users, achieving 64.7% improvement in fraud detection and 16% gains in credit risk prediction. The move signals a shift in fintech competitive advantage toward data scale and custom ML infrastructure, with implications for legacy banks and emerging-market fintechs.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.