Nasdaq has
expanded its regulatory expertise settlement with Revolut, deploying the
AxiomSL reporting platform throughout the fintech’s European operations because the
firm pushes into new markets.
Nasdaq Faucets Revolut for
RegTech Enlargement
Revolut
consolidated most of its regulatory reporting infrastructure in Europe and
just lately built-in all workflows in the UK onto the Nasdaq system.
The deal
offers the $75
billion fintech entry to a cloud-based managed service that handles
compliance filings throughout totally different nations, changing separate reporting
frameworks that beforehand operated independently.
“As we
develop our international footprint, we’re dedicated to making sure our underlying
infrastructure scales with us and strengthens our capacity to function,”
Murray Laister, Head of Group Regulatory Reporting at Revolut, mentioned in a
assertion.
“Our
partnership with Nasdaq gives the pliability, transparency and management to
meet regulatory expectations throughout jurisdictions- with out slowing down
innovation and progress.”
Platform Handles
Multi-Nation Compliance
The AxiomSL system
centralizes knowledge from throughout Revolut’s operations and manages reporting
necessities that change by nation. Nasdaq operates the infrastructure as a
managed service, which means its employees observe regulatory modifications in numerous
jurisdictions and keep the system with out direct involvement from Revolut
groups.
The
platform is utilized by 90% of worldwide systemically necessary banks for home and
worldwide regulatory obligations. These establishments face strain from
regulators to automate compliance processes and keep constant knowledge throughout
a number of jurisdictions with totally different accounting guidelines.
“Revolut is
on the forefront of digital banking transformation, and we’re excited to
help their journey,” mentioned Ed Probst, Head of Regulatory Expertise at
Nasdaq.
The managed
service mannequin lets corporations deal with core enterprise whereas staying compliant as
the platform incorporates new guidelines and supplies ongoing help.
Revolut Pushes Into New
Markets
Revolut
acquired a British banking license
in September 2024, although with restrictions throughout a mobilization section.
The corporate reported 50 million registered customers globally by the tip of 2024
and secured a funds license in India in April 2025.
The fintech
plans to
launch as a financial institution in Mexico early subsequent 12 months and has superior plans for
Colombia and Argentina, with one other financial institution license utility anticipated in 2025.
In Might 2025, Revolut
introduced a $1.1 billion funding over three years to develop in France
and established Paris as its Western European headquarters.
Nasdaq
serves greater than 135 market infrastructure suppliers, 35 central banks and
regulatory authorities, and three,800 shoppers throughout monetary companies. The
firm supplies platforms for knowledge, analytics, software program, and alternate
capabilities to establishments navigating international capital markets.
This text was written by Damian Chmiel at www.financemagnates.com.
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