Revolut's building. Image: Revolut
The online banking app has established a dedicated division within its broader AI department.
Neobank Revolut has announced plans to develop machine learning architecture across its financial services, as part of the new Revolut Research division.
Revolut Research is a focused division within its broader AI department and is designed to build alongside academic and technology institutions as the unit provides a foundation for the company’s AI deployments and machine learning initiatives.
Revolut Research is the AI engine that drives Pragma, Revolut’s foundational model which was built in partnership with global chipmaker Nvidia. Pragma aims to unify financial behaviours into one connected system, as opposed to treating each transaction as an isolated task. It also works to detect fraud and enable various customer services.
