Nasdaq AxiomSL Extends Regtech Deployment with Revolut

Core Insights - Nasdaq has expanded its regulatory technology partnership with Revolut, focusing on the deployment of Nasdaq AxiomSL for regulatory reporting and risk management [1][2] - The partnership aims to support Revolut's global expansion and ensure compliance with evolving regulatory requirements [2][3] Group 1: Partnership Details - The partnership will help Revolut consolidate its regulatory reporting infrastructure across Europe, integrating workflows primarily in the UK [1] - Murray Laister from Revolut emphasized the importance of scalable infrastructure to support their global growth while maintaining compliance [2] - Nasdaq's Ed Probst highlighted the partnership's role in promoting responsible innovation and scalable compliance for Revolut [2] Group 2: Technology and Infrastructure - Nasdaq AxiomSL will streamline reporting across multiple jurisdictions, reducing the complexity of maintaining separate reporting frameworks for each country [2] - The platform operates as a managed service in the cloud, allowing companies to focus on their core business while ensuring compliance with global regulations [3] - Nasdaq's technology is utilized by over 135 market infrastructure providers and 3,800+ clients in the financial services sector [3] Group 3: Company Background - Revolut has grown significantly since its launch in 2015, now serving over 65 million customers and facilitating more than a billion transactions monthly [4]