CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has acquired Acin, a London-based RegTech specializing in AI-driven operational risk solutions for financial services. This strategic move strengthens CUBE’s capabilities, creating a unified platform for end-to-end regulatory compliance and risk management.
CUBE acquires Acin to integrate regulatory compliance and risk management.
Acin’s AI platform digitizes non-financial risk analysis for financial institutions.
Unified RegPlatform offers automated mapping and industry benchmarking.
Collaboration with major banks to drive AI innovation and reduce costs.
Enhances CUBE’s global reach, serving 1,000 financial services clients.
Supports industry-wide initiative for smarter compliance solutions.
CUBE’s acquisition of Acin introduces a first-to-market capability, combining regulatory compliance and operational risk into a single platform, RegPlatform. Acin’s AI-driven tools enable financial institutions to digitize non-financial risk analysis, offering automated mapping between regulations and controls, full traceability, and anonymized industry benchmarking. “This is a significant step forward in how financial services firms across the globe can take a truly integrated approach to their compliance and risk management,” said Ben Richmond, Founder & CEO of CUBE.
Acin’s platform leverages advanced data intelligence to calibrate control data and facilitate best-practice sharing among financial institutions while preserving data privacy. This empowers clients to compare processes against anonymized peers, enhancing risk mitigation and compliance. “Acin has seen first-hand the shared commitment of addressing operational risk from leaders within the industry,” said Paul Ford, Founder of Acin. The acquisition amplifies CUBE’s mission to navigate complex regulatory environments.
Supported by Barclays, BNP Paribas, Citi, J.P. Morgan, and Lloyds Banking Group, CUBE is launching a global collaboration to accelerate AI innovation and reduce compliance costs. “The industry collaboration initiative also shows what’s possible when leaders come together with a shared goal of navigating regulatory complexity and risk in smarter, more collaborative ways,” said Thomas Martin, Director at Hg. CUBE’s revenue has doubled, and its workforce has grown to 700 employees across 20 countries, bolstered by prior acquisitions like Thomson Reuters Regulatory Intelligence.
CUBE’s acquisition of Acin positions it as a leader in AI-driven regulatory compliance, offering financial institutions a transformative platform to manage risks and meet evolving regulatory demands efficiently.