Imagine a model comprising AI, ML, blockchain, cloud computing, big data, and smart contracts overloaded with spices of automation.
Isn’t it sounding too classy and something overwhelming?
Yes, it is regtech. We have a recent update straight from the industry on this.
CUBE Acquires Reg-Room
In a recent announcement, CUBE, a leader in RCM and ARI, said that it had acquired the Regulatory Intelligence products and services of Thomson Reuters as well as those of Oden. As a result of the acquisition, CUBE now serves over 1,000 clients in banking, insurance, asset and investment management, payments, and related regulated industries around the world.
Johnson Reuters is renowned for its regulatory expert analysis, subject matter knowledge, and world-leading journalism and reporting. Innovation will be accelerated by combining CUBE’s purpose-built AI with the years of content gathered by Thomson Reuters Regulatory Intelligence and Oden professional analysts. Our global customers will experience regulatory transformation capabilities that were previously unimaginable, thanks to our combined efforts.
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Plans to Further Extend Its Regulatory Intelligence and Horizon-Scanning Capabilities
Ben Richmond, founder and CEO of CUBE, stated that CUBE’s focus on technology, content, and AI to deliver a regulatory compliance and risk platform that is truly transformative for customers is at the core of this – and all of – their acquisitions. He mentioned that when they looked at the sector for highly complementary providers, Reg-Room stood out with its industry-leading client retention, innovative solutions, and exceptionally high-quality proprietary regulatory summaries, supported by a global team of regulatory experts. He emphasized that combined with CUBE’s RegPlatform and RegBrain AI automation, it made for a compelling proposition. Richmond expressed that together, they were primed to set new standards of excellence in regulatory compliance. A wider range of specialized regulatory intelligence and services for regulatory change will be offered by CUBE as a result of this acquisition. Consistently providing clients with high-quality, contextualized, and useful regulatory content is a top priority. When it comes to regulatory automation and content, CUBE will be the first to market because of its innovative technology and massive subject matter experience.
Benefits
1. More Clients Served: CUBE now helps over 1,000 clients worldwide in banking, insurance, and other regulated industries with its services.
2. Better Regulatory Support: By teaming up with Reg-Room, CUBE offers improved regulatory intelligence and compliance solutions to global customers.
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