{
  "id": 3228308,
  "title": "Revolut launches AI unit as proclaims virtues of proprietary AI",
  "url": "https://urgent.news/2026/08/25/revolut-launches-ai-unit-as-proclaims-virtues-of-proprietary-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-25T08:40:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/08/25/revolut-launches-ai-unit-as-it-proclaims-virtues-of-proprietary-ai/"
  },
  "original_language": "en",
  "account": "Revolut has announced the creation of a dedicated AI research unit called Revolut Research, as the company asserts its commitment to building its own proprietary AI and machine learning capabilities within the financial services sector. The digital bank aims to avoid relying on third-party solutions and instead develop its AI models in-house, according to the company.\n\nRevolut's AI unit, Revolut Research, will collaborate with renowned academic and technical institutions to drive innovation in this field. The digital bank has already developed its own AI model, PRAGMA, specifically designed for the broad area of finance. Unlike competitors who utilize off-the-shelf AI tools and create separate models for various aspects of finance, such as fraud detection and customer service, Revolut's PRAGMA model is said to learn patterns across the entire customer journey, offering a single AI foundation that can support multiple functions.\n\nPRAGMA, developed in partnership with Nvidia, is proving to be effective, with early testing revealing significant improvements. The model is credited with catching 65% more fraud cases, providing 2.3x higher accuracy in identifying credit default risk, and delivering 41% more product recommendations. Revolut believes that the sheer volume of its datasets, including 80 million customers processing billions of cross-border transactions and exhibiting diverse financial behaviors in real-time, will enhance the efficiency and accuracy of its AI models.\n\nThe company's head of AI, Pavel Nesterov, emphasizes the importance of building proprietary AI technology rather than relying on third-party blueprints to lead the future of intelligent banking. Nesterov states that by training native foundation models on Revolut's global operational data, the company is equipping its engineering teams with an unprecedented engine to deploy smarter features more rapidly, eliminate systemic friction, and provide customers with a safer and significantly better financial experience.",
  "summary": "Revolut has today launched a unit dedicated to AI research across financial services, as it sets out its belief in building as much of the AI stack in-house and not relying on third parties. Revolut s...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Sifted",
        "title": "Revolut launches AI research unit to build models in-house",
        "url": "https://urgent.news/2026/08/25/revolut-launches-ai-research-unit-to-build-models-in-house",
        "published": "2026-08-25T11:00:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}