Latest news with #CUBE
Globe and Mail
4 days ago
- Business
- Globe and Mail
CUBE ANNOUNCES ACQUISITION OF LEADING AI OPERATIONAL RISK PROVIDER, ACIN
LONDON, June 19, 2025 /CNW/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces the acquisition of Acin, a London-headquartered RegTech and global operational risk AI and technology provider for the financial services sector.
Cision Canada
4 days ago
- Business
- Cision Canada
CUBE ANNOUNCES ACQUISITION OF LEADING AI OPERATIONAL RISK PROVIDER, ACIN
Acin acquisition provides CUBE with first-to-market and strategic capability delivering transformative end-to-end automated regulatory compliance and risk management CUBE's enhanced capabilities include automated mapping between regulations and controls, traceability and 'opt-in' anonymised and aggregated industry benchmarking and analytics Beginning of an expanded global industry collaboration led by CUBE and supported by Barclays, BNP Paribas, Citi, J.P. Morgan and Lloyds Banking Group to accelerate AI innovation, reduce compliance costs and raise industry risk standards LONDON, June 19, 2025 /CNW/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces the acquisition of Acin, a London-headquartered RegTech and global operational risk AI and technology provider for the financial services sector. The acquisition further expands CUBE's existing capabilities, with a proven regulatory controls data network and full traceability. It accelerates CUBE's mission to help the financial services sector and adjacent regulated industries to navigate increasingly complex compliance and risk environments – providing an industry-first data driven end-to-end regulatory compliance and risk management platform. Acin's AI-based platform empowers financial institutions to safely digitise their non-financial risk analysis, using groundbreaking data intelligence and analytic capabilities. Acin has established a network that calibrates control data and facilitates the appropriate sharing of best practice and standards between financial institutions. This creates new opportunities for regulatory compliance and risk mitigation, as customers can compare processes and best practices against their anonymised peers, offering valuable insight to enhance controls while maintaining full privacy and integrity of data. The acquisition also signals the beginning of an expanded global industry collaboration led by CUBE and supported by five leading banks, with others expected to join over the coming year. This will enable broader collaboration in all areas of financial services compliance and risk. Commenting on the acquisition of Acin, CUBE's Founder & CEO Ben Richmond, said: "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. Since the founding of CUBE fifteen years ago, we've become recognised for the transformational solutions we've delivered in compliance. We'll now build on this by connecting the first and second lines of defence with a whole new end-to-end capability, which at its core will be the best of what AI can deliver for transformation." "The work that Acin's been doing to enable industry benchmarking is also the perfect platform for the start of CUBE's industry-wide collaboration initiative. It's a first for the industry, and we see a significant opportunity for firms to reduce costs and make better, faster decisions. What was once siloed knowledge can become collective intelligence for improving compliance and risk effectiveness industry-wide. Secure, data-driven collaboration isn't just possible, it's essential for the continued evolution of the industry." Paul Ford, Founder of Acin, said: "Acin has seen first-hand the shared commitment of addressing operational risk from leaders within the industry. By joining forces with CUBE, our platform will continue to grow and deliver even greater value to both our existing customers and CUBE's global client base, while shaping the future of our industry. We are delighted to be part of this next era and excited about the increased value CUBE and Acin can deliver to customers in one unified platform." CUBE has more than doubled its revenue in the last year and now serves 1,000 customers globally, and has significantly grown its global team to 700 employees across 20 countries. Building on its acquisitions last year of Thomson Reuters Regulatory Intelligence and Oden businesses and RegRoom, the acquisition of Acin adds a first-to-market capability for CUBE bringing together regulatory compliance and operational risk in one unified platform: RegPlatform. Hg, a leading investor in European and Transatlantic software and services businesses, established a strategic partnership with CUBE in March 2024 to support CUBE's continued growth in the sector. Christopher Fielding, Partner at Hg, said:" We're delighted to continue to extend CUBE's reach with an innovative and complementary business such as Acin, and welcome the Acin team to CUBE. This acquisition significantly builds on CUBE's R&D for regulatory controls and policy automation, which has been a strategic focus since we made our investment in 2024." Thomas Martin, Director at Hg, added:"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." In May 2025, CUBE opened its new global headquarters in the City of London and announced a commitment to create 200 jobs over the next twelve months, half of which are expected to be based in the UK. The headquarters includes a cutting-edge AI Centre of Excellence, RegBrain AI Lab. CUBE's base of strategic and long-term customers will benefit from open access to the facilities, which have been purposefully designed to drive collaboration and progress the role of innovation and AI in compliance and risk. Transaction details for the acquisition were not disclosed.
Yahoo
4 days ago
- Business
- Yahoo
CUBE ANNOUNCES ACQUISITION OF LEADING AI OPERATIONAL RISK PROVIDER, ACIN
Acin acquisition provides CUBE with first-to-market and strategic capability delivering transformative end-to-end automated regulatory compliance and risk management CUBE's enhanced capabilities include automated mapping between regulations and controls, traceability and 'opt-in' anonymised and aggregated industry benchmarking and analytics Beginning of an expanded global industry collaboration led by CUBE and supported by Barclays, BNP Paribas, Citi, J.P. Morgan and Lloyds Banking Group to accelerate AI innovation, reduce compliance costs and raise industry risk standards LONDON, June 19, 2025 /PRNewswire/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces the acquisition of Acin, a London-headquartered RegTech and global operational risk AI and technology provider for the financial services sector. The acquisition further expands CUBE's existing capabilities, with a proven regulatory controls data network and full traceability. It accelerates CUBE's mission to help the financial services sector and adjacent regulated industries to navigate increasingly complex compliance and risk environments – providing an industry-first data driven end-to-end regulatory compliance and risk management platform. Acin's AI-based platform empowers financial institutions to safely digitise their non-financial risk analysis, using groundbreaking data intelligence and analytic capabilities. Acin has established a network that calibrates control data and facilitates the appropriate sharing of best practice and standards between financial institutions. This creates new opportunities for regulatory compliance and risk mitigation, as customers can compare processes and best practices against their anonymised peers, offering valuable insight to enhance controls while maintaining full privacy and integrity of data. The acquisition also signals the beginning of an expanded global industry collaboration led by CUBE and supported by five leading banks, with others expected to join over the coming year. This will enable broader collaboration in all areas of financial services compliance and risk. Commenting on the acquisition of Acin, CUBE's Founder & CEO Ben Richmond, said: "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. Since the founding of CUBE fifteen years ago, we've become recognised for the transformational solutions we've delivered in compliance. We'll now build on this by connecting the first and second lines of defence with a whole new end-to-end capability, which at its core will be the best of what AI can deliver for transformation." "The work that Acin's been doing to enable industry benchmarking is also the perfect platform for the start of CUBE's industry-wide collaboration initiative. It's a first for the industry, and we see a significant opportunity for firms to reduce costs and make better, faster decisions. What was once siloed knowledge can become collective intelligence for improving compliance and risk effectiveness industry-wide. Secure, data-driven collaboration isn't just possible, it's essential for the continued evolution of the industry." Paul Ford, Founder of Acin, said: "Acin has seen first-hand the shared commitment of addressing operational risk from leaders within the industry. By joining forces with CUBE, our platform will continue to grow and deliver even greater value to both our existing customers and CUBE's global client base, while shaping the future of our industry. We are delighted to be part of this next era and excited about the increased value CUBE and Acin can deliver to customers in one unified platform." CUBE has more than doubled its revenue in the last year and now serves 1,000 customers globally, and has significantly grown its global team to 700 employees across 20 countries. Building on its acquisitions last year of Thomson Reuters Regulatory Intelligence and Oden businesses and RegRoom, the acquisition of Acin adds a first-to-market capability for CUBE bringing together regulatory compliance and operational risk in one unified platform: RegPlatform. Hg, a leading investor in European and Transatlantic software and services businesses, established a strategic partnership with CUBE in March 2024 to support CUBE's continued growth in the sector. Christopher Fielding, Partner at Hg, said: "We're delighted to continue to extend CUBE's reach with an innovative and complementary business such as Acin, and welcome the Acin team to CUBE. This acquisition significantly builds on CUBE's R&D for regulatory controls and policy automation, which has been a strategic focus since we made our investment in 2024." Thomas Martin, Director at Hg, added: "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." In May 2025, CUBE opened its new global headquarters in the City of London and announced a commitment to create 200 jobs over the next twelve months, half of which are expected to be based in the UK. The headquarters includes a cutting-edge AI Centre of Excellence, RegBrain AI Lab. CUBE's base of strategic and long-term customers will benefit from open access to the facilities, which have been purposefully designed to drive collaboration and progress the role of innovation and AI in compliance and risk. Transaction details for the acquisition were not disclosed. View original content: SOURCE CUBE Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
CubeSmart (CUBE) Announces Quarterly Dividend of $0.52 per Share
On May 20, CubeSmart (NYSE:CUBE) declared a quarterly dividend of $0.52 per share, which was in line with its previous dividend. CubeSmart (NYSE:CUBE) operates as a self-managed and self-administered real estate investment trust (REIT), with a portfolio of 1,537 self-storage facilities across the U.S. While its latest quarterly dividend remains unchanged from the previous one, CubeSmart (NYSE:CUBE) has built a strong track record as a reliable dividend payer, having increased its dividend for 16 straight years. In addition, in the past five years, it has raised its dividend at an annual average rate of 9.6%. This consistent growth is supported by its healthy financials, with operating cash flow and free cash flow over the past twelve months totaling $627.2 million and $486.5 million, respectively. In addition to its strong dividend history, CUBE also supports an attractive dividend yield of 4.79%, as of May 20. The stock will trade ex-dividend on July 1. The stock is up by over 4% in 2025 so far. While we acknowledge the potential of CUBE as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than CUBE but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ MORE: and Disclosure. None. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Wolfe upgrades CubeSmart to Outperform on potential for growth acceleration
As previously reported, Wolfe Research upgraded CubeSmart (CUBE) to Outperform from Peer Perform with a $48 price target as coverage of the stock was assumed. The analyst thinks a lower supply environment, combined with a moving velocity that is near trough, creates the potential for growth acceleration. Self-storage has faced a 'double whammy' of higher supply combined with a less mobile population and the the former condition is gradually improving, though not completely gone, while the latter may not, but 'arguably cannot get much worse,' the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CUBE: Disclaimer & DisclosureReport an Issue CubeSmart price target raised to $48 from $47 at Truist CubeSmart upgraded to Outperform from Peer Perform at Wolfe Research CubeSmart price target lowered to $48 from $49 at Barclays CubeSmart upgraded to Buy from Neutral at BofA CubeSmart price target raised to $45 from $40 at Scotiabank Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
