UK-Based CUBE Acquires Acin to Enhance Regulatory Compliance and Risk Management
UK-based CUBE has recently announced its acquisition of Acin, a UK-based regtech and AI operational risk provider. This move aims to automate regulatory compliance and risk management processes.
By integrating Acin’s proven regulatory control data network and full traceability capabilities, CUBE strengthens its mission to support the financial services sector and regulated industries in navigating increasingly complex compliance and risk environments. The result is a unified, data-driven platform for comprehensive regulatory compliance and risk management within the industry.
Acin’s AI-Based Platform for Secure Digitization
Acin’s AI-based platform enables financial institutions to securely digitize their non-financial risk analysis by leveraging optimised data intelligence and analytical features. This system supports the development of a network that adjusts control data, facilitating the appropriate sharing of optimal strategies and standards among financial institutions.
Through this collaboration, customers can compare processes and effective strategies with anonymized peers, gaining valuable insights to optimize controls while maintaining full privacy and integrity of data.
Global Industry Collaboration
The acquisition marks the beginning of an expanded global industry collaboration led by CUBE. Supported by five banks, this initiative aims for additional banks to join by 2026, according to company statements.
The Regulatory Compliance Landscape for Fintechs
As a rapidly growing industry, fintech providers face numerous challenges including data security, regulatory compliance, scalability, and technological advancement. A significant portion of fintechs—47%—identify unfavourable regulatory environments as a major hurdle to their growth. Conversely, 38% view a favourable regulatory landscape as an important factor supporting their expansion.
CUBE aims to optimize its capabilities for regulatory compliance and operational risk management through this acquisition. Following the recent acquisitions of Thomas Reuters Regulatory Intelligence, Oden, and RegRoom, integrating Acin introduces an enhanced platform—RegPlatform—that unites regulatory compliance and operational risk into a single solution.
