November 22, 2021
Estimated reading time: 3 minutes
CUBE wins contract to supply RegTech services to Revolut
Leading regulatory intelligence provider CUBE will provide regulatory technology to Revolut, one of the world’s fastest growing FinTechs.
RegTech company CUBE is pleased to be working with the financial superapp Revolut. CUBE will provide Revolut with regulatory technology, with a focus on horizon scanning and managing regulatory change at a global scale.
Revolut will have unrestricted access to CUBE’s industry leading regulatory intelligence platform, which monitors the entire regulatory landscape in real time. CUBE’s powerful AI continuously monitors every issuing body automatically. This ensures close-to-real-time notifications of all regulatory announcements, enforcement actions, speeches and other regulatory updates.
Over 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. By leveraging AI to automate the management of regulatory change, CUBE has the speed and agility to capture, analyse and interpret high volumes of regulation, at scale, cost-effectively.
This means that high growth companies like Revolut can stay ahead of the curve by anticipating future regulatory trends and frameworks and, most importantly, achieve risk mitigation in their current and future operational jurisdictions.
Ben Richmond, Founder and CEO of CUBE says, “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.”
Harry Gill, Group Head of Regulatory Compliance at Revolut says, “Revolut’s global horizon scanning and regulatory mapping processes are powered through a seamless API integration with CUBE’s RegInsight and RegBook, enabling Revolut to grow at pace whilst keeping up with the ever evolving regulatory landscape. We are pleased to be working with CUBE and excited about the continued use of this technology to solve for our compliance needs ahead.”
CUBE is a global RegTech boasting the world’s most comprehensive source of classified, meaningful regulatory intelligence. Born of the 2008 financial crisis, CUBE combines industry-leading technology and automation with expert-validated insights to enable global financial institutions to streamline their complex regulatory change management processes.
Using leading techniques in artificial intelligence, including machine learning and natural language processing, CUBE captures and classifies all regulatory content across 180 countries in 60 languages and maps it to customers’ compliance frameworks, from financial crime to cyber, privacy, tech risk and more. www.cube.global
REVOLUT – one app, all things money. Revolut is building the world’s first truly global financial superapp to help people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 16 million customers around the world use dozens of Revolut’s innovative products to make more than 150 million transactions a month.
Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.