Cube Acquires Acin to Build Data-Driven AI Compliance and Risk Platform for Financial Services
London-based Cube has acquired AI risk provider Acin, adding advanced regulatory controls and traceability to its platform. This move supports financial firms in managing compliance and operational risk.
Cube Acquires AI Operational Risk Provider Acin
London-based RegTech firm Cube has acquired Acin, an AI and technology provider specializing in operational risk. Financial details of the deal have not been made public.
This acquisition adds Acin’s advanced regulatory controls data network and full traceability capabilities to Cube’s portfolio. The combined offering aims to help financial services and related regulated industries manage compliance and risk through an end-to-end, data-driven platform.
What Acin Brings to the Table
Acin’s AI platform digitizes non-financial risk analysis for financial institutions by leveraging data intelligence and analytics. It also supports a network that calibrates control data and promotes sharing of best practices and standards among institutions.
Ben Richmond, CEO of Cube, stated, “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.”
Industry Collaboration and Future Plans
The acquisition marks the start of a broader global collaboration led by Cube. Major banks including Barclays, BNP Paribas, Citi, JP Morgan, and Lloyds are backing this initiative. The goal is to accelerate AI innovation, reduce compliance costs, and improve industry risk standards.
Cube has been actively expanding its capabilities through acquisitions over the last 18 months. It has integrated Thomson Reuters Regulatory Intelligence, Oden products, New York-based Reg-Room, and AI-driven data capture firm The Hub into its offerings.
Currently, Cube serves 1,000 customers and employs 700 people across 20 countries. Just last month, it opened its new global headquarters in London’s financial district and announced plans to create 200 new jobs within the next year.
What This Means for Operations Professionals
- Access to a comprehensive platform that combines AI-powered operational risk analysis with regulatory controls data.
- Improved traceability and data sharing capabilities across financial institutions for better compliance management.
- Potential reduction in compliance costs through industry collaboration and AI-driven tools.
- Opportunities to engage with a growing network of institutions focused on elevating risk standards.
Operations teams in financial services and regulated sectors should watch this space closely, as integrated AI solutions like Cube’s platform are poised to streamline risk management workflows and compliance reporting.
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