TLDR Tech / Crypto
Revolut Built a Foundation Model for Money
Revolut has trained a single foundation model on 24 billion banking events across 111 countries, replacing six separate ML systems. This has delivered +130% improvement in credit scoring, +65% in fraud recall, and +79% in marketing engagement. The model is the new moat, with Revolut having effectively moved the IP of banking into a model, and whichever bank builds the next one captures billions in value. Financial services AI is moving from feature-level ML to foundation-model-level infrastructure, with direct implications for how crypto-native fintechs and neobanks will compete on underwriting and risk.
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