8.6 C
New York
Monday, February 6, 2023
Home Uncategorized Revolut has contracted Cube to track RegTech changes

Revolut has contracted Cube to track RegTech changes

Digital bank Revolut has joined forces with RegTech CUBE, both companies are based in London.

During the past 10 years, CUBE has created a highly-innovative, purpose-built and fully-automated end-to-end regulatory change platform, with AI at its core.

Read also: N26 is withdrawing from the USA to focus on Europe

This platform is able to capture and classify every regulatory content across 180 countries in 60 languages.

This content is then mapped to customers’ enterprise-wide compliance frameworks.

Harry Gill, group head of regulatory compliance at Revolut says, “Revolut’s global horizon scanning and regulatory mapping processes are powered through seamless API integration with Cube’s RegInsight and RegBook.

“This enables Revolut to grow at pace whilst keeping up with the ever-evolving regulatory landscape.”

Ben Richmond, Founder and CEO of CUBE, said: “Revolut has grown at an incredible pace and made the banking industry sit up and take notice. Being selected by a trailblazer such as Revolut to help them build out their compliance architecture is phenomenal.”

“We are delighted to be working with such an innovative company and look forward to continuing to work together in the years to come,” he added.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Fintech Funding Decline: The State of Fintech in 2022

Despite the decline, the fintech industry's performance in 2022 still beats its performance from two years ago, with funding increasing by 52% compared to 2020.

Partnership between Credits and Unlimint

Credits is a digital neobank that combines many financial services into one application, focusing on providing financial services for the cryptocurrency space.

UK Neobank Zopa Raises £75 Million in All-Equity Investment

The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.

UK SMEs Lean on Business Finance and Credit for Growth and Sustainability

As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.