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.
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.