Nasdaq has expanded its regulatory‑technology partnership with Revolut, a global fintech that serves more than 65 million customers across 48 countries. The deal centralizes Revolut’s regulatory reporting across Europe, including a recent full integration of all UK workflows onto Nasdaq’s cloud‑managed AxiomSL platform.
The expansion gives Nasdaq a foothold in Revolut’s rapidly growing European market and positions the company to support Revolut’s future regulatory needs as it scales worldwide. By consolidating reporting into a single cloud‑managed service, Revolut can reduce the complexity of maintaining multiple jurisdictional frameworks, while Nasdaq gains a high‑profile, high‑volume client that is likely to generate recurring subscription revenue.
The deal builds on Nasdaq’s RegTech strategy, which has been accelerated by the 2023 acquisition of Adenza and the growing demand for automated compliance solutions. Nasdaq serves more than 135 market infrastructure providers, 35 central banks and regulatory authorities, and 3,800 clients across financial services. Its AxiomSL platform is used by 90% of systemically important banks, underscoring its credibility and ability to handle the most demanding regulatory reporting requirements.
Revolut, which is targeting 100 million customers, has faced increasing regulatory complexity as it expands. The full integration of all UK workflows onto Nasdaq’s system reflects Revolut’s need for a scalable, cloud‑managed solution that can adapt to evolving regulatory frameworks.
Management comments highlight the strategic fit. Murray Laister, Head of Group Regulatory Reporting at Revolut, said the partnership offers flexibility, transparency and control to meet regulatory expectations across jurisdictions without slowing innovation. Ed Probst, Head of Regulatory Technology at Nasdaq, noted that Revolut is at the forefront of digital banking transformation and that Nasdaq is excited to support their journey.
While the financial terms and duration of the expanded partnership were not disclosed, the arrangement is expected to generate recurring subscription revenue for Nasdaq and to strengthen its position as a leading infrastructure provider for financial institutions navigating complex regulatory environments.
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