- Acin acquisition supplies CUBE with first-to-market and strategic functionality delivering transformative end-to-end automated regulatory compliance and threat administration
- CUBE’s enhanced capabilities embody automated mapping between laws and controls, traceability and ‘opt-in’ anonymised and aggregated {industry} benchmarking and analytics
- Starting of an expanded world {industry} collaboration led by CUBE and supported by Barclays, BNP Paribas, Citi, J.P. Morgan and Lloyds Banking Group to speed up AI innovation, scale back compliance prices and lift {industry} threat requirements
CUBE, a world chief in Automated Regulatory Intelligence (ARI) and Regulatory Change Administration (RCM), broadcasts the acquisition of Acin, a London-headquartered RegTech and world operational threat AI and expertise supplier for the monetary providers sector.
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The acquisition additional expands CUBE’s present capabilities, with a confirmed regulatory controls information community and full traceability. It accelerates CUBE’s mission to assist the monetary providers sector and adjoining regulated industries to navigate more and more complicated compliance and threat environments – offering an industry-first information pushed end-to-end regulatory compliance and threat administration platform.
Acin’s AI-based platform empowers monetary establishments to securely digitise their non-financial threat evaluation, utilizing groundbreaking information intelligence and analytic capabilities. Acin has established a community that calibrates management information and facilitates the suitable sharing of greatest follow and requirements between monetary establishments. This creates new alternatives for regulatory compliance and threat mitigation, as prospects can examine processes and greatest practices towards their anonymised friends, providing worthwhile perception to boost controls whereas sustaining full privateness and integrity of information.
The acquisition additionally indicators the start of an expanded world {industry} collaboration led by CUBE and supported by 5 main banks, with others anticipated to hitch over the approaching 12 months. It will allow broader collaboration in all areas of economic providers compliance and threat.
Commenting on the acquisition of Acin, CUBE’s Founder & CEO Ben Richmond, stated: “It is a important step ahead in how monetary providers companies throughout the globe can take a very built-in strategy to their compliance and threat administration. Because the founding of CUBE fifteen years in the past, we’ve grow to be recognised for the transformational options we’ve delivered in compliance. We’ll now construct on this by connecting the primary and second strains of defence with a complete new end-to-end functionality, which at its core would be the better of what AI can ship for transformation.”
“The work that Acin’s been doing to allow {industry} benchmarking can be the proper platform for the beginning of CUBE’s industry-wide collaboration initiative. It’s a primary for the {industry}, and we see a big alternative for companies to scale back prices and make higher, quicker choices. What was as soon as siloed information can grow to be collective intelligence for enhancing compliance and threat effectiveness industry-wide. Safe, data-driven collaboration isn’t simply attainable, it’s important for the continued evolution of the {industry}.”
Paul Ford, Founding father of Acin, stated: “Acin has seen first-hand the shared dedication of addressing operational threat from leaders inside the {industry}. By becoming a member of forces with CUBE, our platform will proceed to develop and ship even higher worth to each our present prospects and CUBE’s world consumer base, whereas shaping the way forward for our {industry}. We’re delighted to be a part of this subsequent period and excited in regards to the elevated worth CUBE and Acin can ship to prospects in a single unified platform.”
CUBE has greater than doubled its income within the final 12 months and now serves 1,000 prospects globally, and has considerably grown its world group to 700 workers throughout 20 international locations. Constructing on its acquisitions final 12 months of Thomson Reuters Regulatory Intelligence and Oden companies and RegRoom, the acquisition of Acin provides a first-to-market functionality for CUBE bringing collectively regulatory compliance and operational threat in a single unified platform: RegPlatform.
Hg, a number one investor in European and Transatlantic software program and providers companies, established a strategic partnership with CUBE in March 2024 to assist CUBE’s continued progress within the sector.
Christopher Fielding, Accomplice at Hg, stated: “We’re delighted to proceed to increase CUBE’s attain with an modern and complementary enterprise reminiscent of Acin, and welcome the Acin group to CUBE. This acquisition considerably builds on CUBE’s R&D for regulatory controls and coverage automation, which has been a strategic focus since we made our funding in 2024.”
Thomas Martin, Director at Hg, added: “The {industry} collaboration initiative additionally exhibits what’s attainable when leaders come along with a shared aim of navigating regulatory complexity and threat in smarter, extra collaborative methods.”
In Might 2025, CUBE opened its new world headquarters within the Metropolis of London and introduced a dedication to create 200 jobs over the following twelve months, half of that are anticipated to be primarily based within the UK. The headquarters features a cutting-edge AI Centre of Excellence, RegBrain AI Lab. CUBE’s base of strategic and long-term prospects will profit from open entry to the services, which have been purposefully designed to drive collaboration and progress the position of innovation and AI in compliance and threat.
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