Revolut and Clausematch team up on compliance management
30th January 2019
Two Level39 members, Revolut and Clausematch, have officially entered into an agreement to enable Revolut to manage its internal policies, controls and regulatory compliance using Clausematch’s technology.
With a savvy approach to compliance, Revolut has been able to scale its business to 28 markets across Europe and plan for launches in the US, Canada, Australia and more. The business claims to be signing more than 250 business and 9,000 customers each day.
“Compliance is something that a company cannot get wrong. That’s why it is incredibly important to evaluate the process constantly and innovate where possible. We strongly believe in innovation and technology. Some companies build compliance function by hiring hundreds, sometimes thousands, of mature professionals.”
“We decided to double-down on technology, as it’s a scalable approach that will help us as we grow and expand globally. Regulatory technologies such as ClauseMatch does indeed help us achieve it.” – Nikolay Storonsky, Revolut CEO and Founder says. ”