Nasdaq has expanded its regulatory technology agreement with Revolut, deploying the AxiomSL reporting platform across the fintech's European operations as the company pushes into new markets.

Nasdaq Taps Revolut for RegTech Expansion

Revolut consolidated most of its regulatory reporting infrastructure in Europe and recently integrated all workflows in the United Kingdom onto the Nasdaq system.

The deal gives the $75 billion fintech access to a cloud-based managed service that handles compliance filings across different countries, replacing separate reporting frameworks that previously operated independently.

"As we expand our global footprint, we are committed to ensuring our underlying infrastructure scales with us and strengthens our ability to operate," Murray Laister, Head of Group Regulatory Reporting at Revolut, said in a statement.

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"Our partnership with Nasdaq offers the flexibility, transparency and control to meet regulatory expectations across jurisdictions- without slowing down innovation and growth."

Platform Handles Multi-Country Compliance

The AxiomSL system centralizes data from across Revolut's operations and manages reporting requirements that vary by country. Nasdaq operates the infrastructure as a managed service, meaning its staff track regulatory changes in different jurisdictions and maintain the system without direct involvement from Revolut teams.

The platform is used by 90% of global systemically important banks for domestic and international regulatory obligations. These institutions face pressure from regulators to automate compliance processes and maintain consistent data across multiple jurisdictions with different accounting rules.

“Revolut is at the forefront of digital banking transformation, and we’re excited to support their journey,” said Ed Probst, Head of Regulatory Technology at Nasdaq.

The managed service model lets companies focus on core business while staying compliant as the platform incorporates new rules and provides ongoing support.

Revolut Pushes Into New Markets

Revolut received a British banking license in September 2024, though with restrictions during a mobilization phase. The company reported 50 million registered users globally by the end of 2024 and secured a payments license in India in April 2025.

The fintech plans to launch as a bank in Mexico early next year and has advanced plans for Colombia and Argentina, with another bank license application expected in 2025. In May 2025, Revolut announced a $1.1 billion investment over three years to expand in France and established Paris as its Western European headquarters.

Nasdaq serves more than 135 market infrastructure providers, 35 central banks and regulatory authorities, and 3,800 clients across financial services. The company provides platforms for data, analytics, software, and exchange capabilities to institutions navigating global capital markets.