Why Nasdaq AxiomSL is Expanding Revolut RegTech Partnership

Nasdaq has expanded its regulatory technology partnership with Revolut, deploying the AxiomSL platform to support the fintech’s compliance operations across multiple jurisdictions. The partnership follows Revolut’s consolidation of regulatory reporting infrastructure across Europe, most recently completing integration in the United Kingdom.

The AxiomSL platform is used by 90% of global systemically important banks to manage domestic and international regulatory obligations. Revolut has consolidated the majority of its regulatory reporting infrastructure onto the platform, creating a centralised system that processes data from across its operations.

“As we expand our global footprint, we are committed to ensuring our underlying infrastructure scales with us and strengthens our ability to operate,” says Murray Laister, Head of Group Regulatory Reporting at Revolut. “Our partnership with Nasdaq offers the flexibility, transparency and control to meet regulatory expectations across jurisdictions – without slowing down innovation and growth.”

Nasdaq AxiomSL platform addresses multi-jurisdiction reporting

The platform tackles the complexity of maintaining separate reporting frameworks for different countries. Revolut has embedded the technology to streamline reporting across multiple jurisdictions, bringing data together into a single system: an approach that maintains data integrity whilst providing flexibility for future reporting requirements.

The deployment operates as a managed service running in cloud infrastructure. Nasdaq’s team manages and maintains the underlying systems, tracking regulatory changes across different countries and handling day-to-day operations, while Revolut can maintain compliance whilst focusing internal resources on business operations.

Revolut builds compliance infrastructure for international markets

Revolut launched in the UK in 2015, initially offering money transfer and exchange services. The company now serves more than 65 million customers globally, processing over a billion transactions per month across personal and business accounts. The expansion of regulatory infrastructure accompanies this growth.

The partnership means Revolut can add new markets without rebuilding compliance systems for each jurisdiction. The AxiomSL platform adapts to different regulatory requirements, allowing financial institutions to scale operations across borders.

“Revolut is at the forefront of digital banking transformation and we’re excited to support their journey,” says Ed Probst, Head of Regulatory Technology at Nasdaq. “Our partnership reflects a shared commitment to responsible innovation and scalable compliance. By deploying Nasdaq AxiomSL, Revolut is building a future-ready infrastructure that adapts to regulatory evolution.”

How Nasdaq technology serves financial services industry

Nasdaq's technology infrastructure serves over 135 market infrastructure providers worldwide, alongside 35 central banks and regulatory authorities. The company works with 3,800 clients across the financial services sector, providing platforms for market operations, risk management and regulatory compliance.

The AxiomSL platform forms part of Nasdaq’s regulatory technology offering, drawing on the company's position as both a market operator and technology provider. This dual role provides insight into both regulatory requirements and the operational challenges institutions face in meeting those requirements.

The managed service model reflects a broader industry trend towards outsourcing compliance infrastructure, particularly as regulatory requirements increase in complexity and scope. Financial institutions face ongoing challenges in maintaining systems that can adapt to regulatory changes across multiple jurisdictions whilst minimising operational overhead.

The deployment builds on Revolut's existing relationship with Nasdaq, expanding previous implementations to create a comprehensive regulatory reporting infrastructure. The company continues to expand its product offering and geographic presence, with regulatory compliance infrastructure forming a foundational element of that strategy.