Revolut has launched a specialized research division. The new center is focused on developing artificial intelligence-based solutions. The foundation is the company's proprietary base model, Pragma. The company aims to build a single unified system. The neural network is designed to understand the nuances of clients' financial behavior. Analysis takes place in real time. The research division will collaborate with NVIDIA. The partnership will help advance the capabilities of the Pragma base model. The neural network has been trained on the transaction history of the company's own clients. The model is intended for real-time risk assessment. The system also manages the operation of the entire platform. The algorithms generate personalized product recommendations.
The first results of applying Pragma have shown significant improvement. Testing was conducted on historical financial data. The new model outperformed traditional baseline algorithms. The accuracy of detecting loan default risk increased by 2.3 times. The number of detected fraud cases rose by 65 percent. The relevance of product recommendations improved by 41 percent. The improvements affected both retail and corporate clients. The Pragma base model demonstrates high efficiency.
Revolut serves eighty million customers worldwide. The company is present in more than forty markets. The platform processes billions of cross-border transactions daily. Diverse financial operations are analyzed in real time. All of this data feeds into the research division's models. The volume of information grows continuously alongside the client base. The models become exponentially more effective as they are trained. Fraud detection and risk assessment improve accordingly. Forecasting user needs reaches a new level of accuracy.
Revolut plans to publish Pragma's technical frameworks in open access. The company seeks to collaborate with the academic community. Technology specialists will be able to study the model's architecture. Openness will help refine the system's intelligence layer. Developers from around the world will contribute to its advancement. Revolut aims to build a cutting-edge platform for financial services. Artificial intelligence will become the foundation of the company's competitive advantage. The Pragma base model will continue to evolve through open collaboration.