This step positions Revolut for aggressive market entry while spotlighting RegTech innovation. Industry observers note that 90% of G-SIBs already trust the platform. Meanwhile, Revolut handles over a billion transactions each month, so efficiency matters. The partnership therefore signals how cloud reporting has become core infrastructure rather than an optional add-on.

Deal Overview And Impact

Nasdaq framed the engagement as an expansion, not a pilot. Moreover, UK workflows were recently folded into the unified stack. Nasdaq AxiomSL will provide data lineage, validation, and automated submissions across 55 jurisdictions. Revolut gains a single view of obligations and faster updates whenever rules change. "Our infrastructure must scale with growth," stated Murray Laister during the release. Ed Probst added that the deployment builds a future-ready backbone. The announcement therefore underscores how RegTech partnerships now underpin global expansion plans.

These milestones illustrate tangible strategic value. Nevertheless, deeper forces drive the collaboration, as the next section explains.

Key Drivers Behind Partnership

Several elements pushed the firms together. Firstly, Revolut’s customer base exceeded 65 million, creating heavy reporting volumes. Secondly, Multi-Jurisdictional Reporting rules multiply whenever the company enters new markets. Furthermore, regulators expect granular data within tight deadlines. Outsourcing to Nasdaq AxiomSL reduces operational overhead and speeds rule changes into production. Thirdly, research firms estimate the regulatory reporting-as-a-service market exceeded USD 7 billion in 2024 and continues double-digit growth. Therefore, vendors see commercial upside.

Benefits include:

• Centralised controls replacing fragmented local solutions
• Scalable cloud capacity aligned with transaction spikes
• Automatic rule libraries covering 110 regulators
• Expert support that frees internal talent

These drivers reveal compelling economics. In contrast, technical architecture details clarify how the promise becomes reality.

Technical Architecture Explained Clearly

Nasdaq delivers the service through a RegCloud model. Consequently, the vendor hosts software, databases, and update pipelines. Clients connect through secure APIs and upload raw ledger data. Multi-Jurisdictional Reporting templates are generated automatically, validated, and routed to portals such as the FCA or ECB. Vendor materials highlight multi-cloud flexibility, citing AWS for application tiers and Oracle Autonomous Database on OCI for analytics. However, the specific cloud provider used for Revolut remains undisclosed.

Cloud Managed Service Model

Under the model, Nasdaq monitors capacity, patches security flaws, and deploys new taxonomy versions. Moreover, Revolut retains data ownership and can request on-demand audits. Encryption, segregation, and regional fail-overs address data residency concerns. Therefore, Nasdaq AxiomSL aims to satisfy stringent supervisory expectations while preserving performance.

This architecture transfers heavy lifting to specialists. Nevertheless, regulatory scrutiny shapes every design choice, as discussed next.

Regulatory Context Intensifies Today

Supervisors worldwide sharpen their focus on cloud outsourcing. Subsequently, the ECB issued its Guide on outsourcing cloud services in July 2025. Anneli Tuominen warned that concentration risk remains a priority. The EU’s Digital Operational Resilience Act imposes governance, incident reporting, and exit-planning duties. UK regulators follow similar paths. Therefore, Revolut must evidence robust oversight despite outsourcing. Multi-Jurisdictional Reporting also triggers data-residency rules when cross-border transfers occur.

Key Supervisory Focus Areas

Regulators ask for:

1. Clear contractual audit rights and exit strategies
2. Regular resilience testing across cloud regions
3. Continuous monitoring of vendor cyber controls
4. Documented mapping from source data to final reports

Meeting these points helps avoid supervisory friction. However, compliance burdens still shape market trajectories, as explored below.

Market Growth Projections Ahead

ResearchNester projects the regulatory reporting service market to reach USD 10 billion in 2025. Additionally, DataIntelo forecasts double-digit compound growth through 2030. Nasdaq AxiomSL already services 3,800 clients, including 35 central banks. Revolut’s addition therefore strengthens platform network effects, creating scale economies. Moreover, industry demand rises as smaller institutions chase similar efficiencies. Professionals can enhance their expertise with the AI for Government™ certification, aligning skills with expanding RegTech adoption.

These projections highlight sustained momentum. Nevertheless, implementation challenges still warrant attention.

Challenges And Mitigations Discussed

Every outsourcing programme faces obstacles. Vendor lock-in may hinder future moves. In contrast, multi-cloud designs provide exit pathways. Secondly, data residency disputes can delay regulator approvals. Consequently, firms often segment workloads by jurisdiction. Thirdly, migration testing demands meticulous reconciliation to avoid reporting breaks. Moreover, concentration risk persists if many banks share the same third-party provider.

Cross-Border Data Concerns

Supervisors increasingly request local encryption keys and dual-region storage. Therefore, Nasdaq AxiomSL offers configurable deployment zones and granular access logs. Revolut must document these controls in supervisory submissions. By combining technical safeguards with contractual clauses, the partners aim to mitigate skepticism.

These mitigations improve resilience. Still, senior leaders need focused guidance, covered next.

Strategic Takeaways For Institutions

Several lessons emerge. Firstly, cloud-managed reporting is no longer experimental; it is strategic infrastructure. Secondly, aligning architecture with regulator guidance from day one avoids costly rewrites. Moreover, choosing providers that support Multi-Jurisdictional Reporting out of the box accelerates market entry. Thirdly, exit plans must be documented before signing contracts. Finally, investing in staff capabilities around data governance remains critical even when processes migrate.

Institutions applying these insights can capture efficiencies without sacrificing control. Consequently, they position themselves for scaling opportunities similar to Revolut.

Conclusion

Nasdaq’s deepened partnership with Revolut illustrates how RegTech cloud services now underpin global fintech growth. The deal centralises complex submissions, reduces operational drag, and aligns with intensifying supervisory expectations. Market forecasts confirm robust demand, while technical designs address resilience and residency constraints. Nevertheless, institutions must still manage lock-in, concentration risk, and governance obligations. Therefore, leaders should assess their own reporting architectures and roadmap improvements proactively. Furthermore, professionals seeking to guide such transformations should explore specialised credentials like the linked government-focused certification. Act now to harness the full potential of modern RegTech platforms.