8.6 C
New York
Wednesday, December 8, 2021
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.

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

Recent posts

Nik Storonsky wants UK banking license by the start of 2022

Digital bank Revolut is a licensed bank in many countries but still not in the UK where the company is based.

Starling’s Anne Boden says banks must embrace hybrid working

Anne Boden, CEO of Starling Bank, worked in the office from dawn to dusk for most of her life.

Revolut is outpacing rivals in terms of app downloads in 2021

British digital bank Revolut has recorded a 37% increase in downloads of its Android app, new data shows.

The Great British Bounceback: research from Enterprise Nation and Starling Bank

Two-thirds of SME's are confident of increased turnover in 2022, Enterprise Nation and Starling Bank report in new research.