Revolut Unveils Proprietary PRAGMA AI Model to Strengthen Risk Management and Fraud Detection

British digital bank Revolut has long relied on its technology platform to support payments, lending and cross-border financial services. As fraud tactics evolve rapidly and credit risks rise, the company has opted to develop a purpose-built financial AI model instead of relying on general-purpose models. The move is intended to give Revolut control over core technology, data governance and operating costs while making its financial decision-making more competitive.

Revolut recently unveiled PRAGMA, a proprietary AI model trained on and capable of analyzing 40 billion transaction records. It is used for fraud detection, credit risk assessment and customer behavior forecasting. Available information does not disclose a formal launch date, development spending or specific performance figures, leaving the company yet to publish real-world metrics and an implementation timeline.