Nasdaq (NDAQ) announced an expansion of its strategic regulatory technology partnership with Revolut. The partnership centers on the deployment of Nasdaq AxiomSL, a regulatory reporting and risk platform used by 90% of global systemically important banks to comply with domestic and international regulatory obligations. Revolut has consolidated the majority of its regulatory reporting infrastructure across Europe, having most recently integrated all workflows in the United Kingdom. The partnership will see Nasdaq support Revolut’s global expansion.
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