TLDR Tech / Fintech
Finance is entering the foundation model era
Banks and fintechs like Revolut, Nubank, and Mastercard are training domain-specific foundation models on massive transaction datasets, delivering major gains in credit scoring, fraud detection, and personalization. Revolut's PRAGMA model replaces multiple legacy ML systems and improved key metrics like fraud recall by 65% and credit scoring performance by 130%, showing how proprietary data can become a core competitive moat. The long-term advantage will not just be the model, but the full stack of data, workflows, and agent orchestration layered on top, creating compounding IP for financial institutions.
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