Revolut launches AI unit as proclaims virtues of proprietary AI

Revolut has today launched a unit dedicated to AI research across financial services, as it sets out its belief in building as much of the AI stack in-house and not relying on third parties. Revolut says the division, called Revolut Research, will be the centre of Revolut's proprietary AI and machine learning activities and will work with leading academic and tech institutions developing AI. The digital bank has developed its own AI model specifically for the broad area of finance, unlike other