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]

Core Insights - Nasdaq has expanded its strategic regulatory technology partnership with Revolut, focusing on the deployment of Nasdaq AxiomSL, a platform used by 90% of global systemically important banks (G-SIBs) for regulatory compliance [1][4] - Revolut has consolidated its regulatory reporting infrastructure across Europe, recently integrating workflows in the UK, and aims for scalable compliance with new requirements through this partnership [2][3] - The partnership emphasizes a commitment to responsible innovation and scalable compliance, allowing Revolut to streamline reporting across multiple jurisdictions and maintain data integrity [4][5] Company Overview - Revolut, launched in 2015, has over 65 million customers globally and facilitates more than a billion transactions monthly, offering innovative financial products [7] - Nasdaq serves a wide range of clients, including over 135 market infrastructure providers, 35 central banks, and more than 3,800 clients in the financial services industry, focusing on improving liquidity, transparency, and integrity in global markets [6][8]

Core Insights - Nasdaq has entered a technology partnership with Austrian Reporting Services (AuRep) to enhance regulatory reporting for the Austrian financial services industry [1][2] - The collaboration aims to transition approximately 90% of Austrian credit institutions to a cloud-based regulatory reporting infrastructure using Nasdaq AxiomSL [2][3] - The partnership is designed to address increasing regulatory complexities and demands for compliance in the European banking sector [3][4] Company Overview - AuRep is a collaborative initiative among major banks and financial service providers in Austria, established to streamline regulatory reporting onto a unified platform [1][4] - Nasdaq AxiomSL is a comprehensive data management and regulatory reporting platform that supports compliance with 110 regulators across 55 jurisdictions [5][6] - Nasdaq's technology is utilized by 97% of globally significant banks and over 3,500 clients in the financial services industry [6] Regulatory Context - The partnership will facilitate compliance with the EU's Integrated Reporting Framework (IReF), which aims to standardize statistical reporting across euro area banks [3][4] - IReF is expected to increase the volume, granularity, and frequency of data submissions, necessitating modernization of data architecture for compliance [3][4] - The transition to Nasdaq AxiomSL will enable rapid deployment of regulatory updates and scalability for the Austrian banking community [3][4]