Revolut Deploys Custom AI Foundation Model to Overhaul Banking Operations

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.