Latest news with #RCM
Cision Canada
2 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.
Borneo Post
6 days ago
- General
- Borneo Post
Over 300kg of trash removed from Tunku Abdul Rahman Park
Volunteers posing for a group photo during the World Oceans Day – Underwater Cleanup 2025. – Photo courtesy of Robert Hartley, Sabah Dive Rangers. KOTA KINABALU (June 15): More than 309 kilograms of trash were hauled from the sea during the World Oceans Day – Underwater Cleanup 2025, held on June 14 at Tunku Abdul Rahman Park. The event was organised by the Marine Research Foundation (MRF), Reef Check Malaysia (RCM) and the Mariners Club of Universiti Malaysia Sabah (UMS), and involved over 30 volunteer divers who scoured the waters to remove a wide range of marine debris. Among the items retrieved were plastic bottles, food wrappers, plastic cups, grocery bags, beverage cans, clothing, glass bottles, baby diapers, scuba masks, snorkels, and even a few unusual objects. All collected waste was sorted and later transported to mainland Kota Kinabalu for proper disposal. RCM (Sabah) Programme Manager Nadhirah Mohd Rifal explained that every piece of trash collected would be recorded to identify the types of waste polluting local waters. The data will be used to tailor awareness programmes aimed at educating the public on proper waste management to help protect Sabah's coral reefs. Meanwhile, MRF Conservation Officer Chris Chun Xue shared that the organisation recently partnered with Kota Kinabalu City Hall (DBKK) to launch the Mobula-8 skimmer boat — an advanced marine waste collection vessel designed to remove floating plastic debris. 'Plastics and other waste materials in our oceans are severely damaging marine ecosystems and threatening biodiversity,' Chris said. 'This clean-up is a crucial reminder of the harmful impact human activity has on our marine life and natural environment.' The World Oceans Day initiative was supported by the Oceanic Society, PADI AWARE Foundation, and the Ministry of Tourism, Culture and Environment, with additional assistance from Sabah Parks, DBKK and the Sabah Dive Rangers.
Wamda
11-06-2025
- Business
- Wamda
CorroHealth invests in UAE's SANTECHTURE to advance AI-powered RCM
UAE-based healthtech SANTECHTURE has secured a "strategic" investment from US-based CorroHealth. Founded in 2019 by Anas Batikhi, SANTECHTURE, which now operates in Saudi Arabia, the UAE, India and Egypt, offers technology solutions to healthcare providers to enhance the overall experience for providers and patients. The investment formalises a two-year collaboration between the two companies, which have jointly piloted AI-driven RCM innovations for regional clients and co-hosted industry events, such as the Arab Health 2025 reception. In 2023, SANTECHTURE raised another investment from Gulf Capital (GC) and Shorooq Partners. Press release: Global healthcare technology company CorroHealth has made a strategic investment into Dubai-based pioneering revenue cycle management (RCM) intelligent technology solutions provider SANTECHTURE. The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximise ROI. The investment formalises what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation. SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GCC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation. CorroHealth CEO Pat Leonard said, "This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future." SANTECHTURE Founder and CEO Anas Batikhi said, "The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes." Gulf Capital Managing Director Mohammad Madani added, "We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region." Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion, said, "This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management."
Zawya
10-06-2025
- Business
- Zawya
CorroHealth makes strategic investment in Gulf Capital's Santechture
Abu Dhabi – Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that global healthcare technology company CorroHealth has made a strategic investment into one of its portfolio companies, Santechture, a Dubai based pioneering revenue cycle management (RCM) intelligent technology solutions provider. The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximize ROI. The investment formalizes what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation. SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GGC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation. CorroHealth CEO Pat Leonard said, 'This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future.' SANTECHTURE Founder and CEO Anas Batikhi said, 'The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes.' Gulf Capital Managing Director Mohammad Madani added, 'We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region.' Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion said 'This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management'
Al Bawaba
10-06-2025
- Business
- Al Bawaba
CorroHealth Makes Strategic Investment in Gulf Capital's SANTECHTURE, Infusing CorroHealth AI Capabilities into SANTECHTURE RCM Products Throughout GCC Region
Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that global healthcare technology company CorroHealth has made a strategic investment into one of its portfolio companies, Santechture, a Dubai based pioneering revenue cycle management (RCM) intelligent technology solutions deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximize investment formalizes what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GGC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value CEO Pat Leonard said, 'This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future.'SANTECHTURE Founder and CEO Anas Batikhi said, 'The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes.'Gulf Capital Managing Director Mohammad Madani added, 'We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region.' Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion said 'This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management.' © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
