Revolut taps regtech Cube for global regulatory intelligence support

By Oliver Smith on Monday 22 November 2021

Digital Banking

It’s not easy keeping compliant when you’re a global super app.

Revolut taps regtech Cube for global regulatory intelligence support
Image source: Ben Richmond/Cube.

Remaining compliant with a plethora of financial regulations across dozens of markets and product verticals is no easy challenge.

Revolut says that’s why it’s engaged the services of regtech Cube, a firm dedicated to ‘regulatory intelligence’ i.e. keeping an eye on the entire regulatory landscape in real time.

Cube says it will help Revolut to monitor every issuing body in every jurisdiction it operates in, notifying the company of all regulatory announcements or updates.

Revolut has grown at an incredible pace, and made the banking industry sit up and take notice,” said Cube’s CEO and founder Ben Richmond. 

“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.”

Cube has spent a decade building its tech to help firms like Deutsche Bank, HSBC, Zurich and PwC to monitor for regulatory change.

The firm also claims to have AI which monitors and anticipates future regulatory trends and frameworks that can allow its customers to mitigate risk in the jurisdictions they operate in.

Harry Gill, Revolut’s group head of regulatory compliance, said the partnership would enable “Revolut to grow at pace whilst keeping up with the ever-evolving regulatory landscape.”

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.


Companies in this Article:

Revolut
PwC
HSBC

More like this:

The AltFi Awards 2022: Here are the winners!

Editor's Pick

2 December 2022
Oliver Smith

Curve and Credit Suisse ink $1bn deal to expand BNPL products

Editor's Pick

7 December 2022
Daniel Lanyon

Allica Bank raises £100m Series C

5 December 2022
Daniel Lanyon

Kroo launches 2% interest current account

5 December 2022
Amelia Isaacs