European financial firms adopt open models for proprietary AI

At GTC Berlin, NVIDIA said European banks, payment companies and financial data providers are moving production AI workloads onto their own infrastructure, using open weight models and accelerated computing to build proprietary intelligence. The examples cited by NVIDIA on 22 Oct. 2026 range from customer-service assistants and transaction models to fraud-detection pipelines and financial research tools. NVIDIA said Revolut is rebuilding its technology stack on a single foundation model, PRAGMA, using NVIDIA cuDF and Dynamo-Triton software on Blackwell Ultra GPUs. The company said the system is serving an initial 80 million customers and is engineered to scale 3x. Pavel Nesterov, head of AI at Revolut, said Revolut processes "billions of transactions" and that the question was whether foundation models could operate at that scale across domains; he said PRAGMA answers…

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