Revolut launches dedicated AI research lab built on its own foundation model

Revolut is doubling down on artificial intelligence by launching a dedicated AI research lab. The goal is to build a unified system, called Pragma, that understands financial behavior in real time. For retailers and merchants, this signals a shift in how customers will soon interact with their money and credit options. Instead of static credit scores, AI models like Pragma will analyze nuanced spending patterns to determine purchasing power instantly. This technology will likely lead to hyper-personalized financing offers. Imagine a customer walking into your store and receiving a financing limit tailored specifically to their current cash flow and past habits, rather than a generic approval. Revolut aims to use this AI to improve fraud detection and customer service, but the biggest impact for operators is the move toward 'frictionless' approvals. As fintechs move away from traditional credit bureaus and toward proprietary AI models, merchants can expect higher conversion rates and lower risk. This news highlights that the future of consumer financing isn't just about the loan—it's about the data intelligence behind the decision.

Source: Finextra — Lending

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