CUBE to supply global regulatory compliance intelligence services to Revolut
By Joy Dumasia
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 regulatory change management, 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, 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.”
Harry Gill, Group Head of Regulatory Compliance at Revolut, said: “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.”
IBS Intelligence recently reported that CUBE, a global RegTech company working to simplify compliance for the world’s financial institutions, has launched RegAssure. This groundbreaking product provides automated regulatory intelligence to small and medium-sized financial institutions.
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