8.6 C
New York
Sunday, July 21, 2024
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

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.