Revolut has chosen London based RegTech Cube to help with compliance.
In Brief:
RegTechs enable companies in the financial services sector to automate regulatory compliance.
Cube uses AI and Natural Language Processing (NLP) to help capture regulatory content.
It will enable Revolut to map this content through its compliance frameworks.
What does this mean?
Revolut is growing into a number of markets, so it will need to be able to automate its regulatory compliance across a number of languages and frameworks. Cube will enable Revolut to save time and cost, as well as ensuring it remains compliant across markets.
