Revolut Builds PRAGMA Transaction Foundation Model, 2.3x Credit-Risk Accuracy

European neobank Revolut has built PRAGMA, a transaction foundation model pre-trained on its own transaction data, lifting credit-risk accuracy by 2.3x and training throughput by up to 5x. The effort runs on NVIDIA's full-stack platform on Nebius AI Cloud and aims to power multiple financial-services tasks — fraud detection, product recommendations and credit risk — from a single backbone.