Latest news with #RegTech
Globe and Mail
2 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.
Finextra
2 days ago
- Business
- Finextra
Cube buys AI operational risk provider Acin
London-based RegTech Cube has acquired operational risk AI and technology provider Acin. Financial terms were not disclosed. 0 Cube says the deal for Acin, which is also based in London, expands its capabilities with a proven regulatory controls data network and full traceability. The combination is designed to help clients in 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 enables financial institutions to safely digitise their non-financial risk analysis, using data intelligence and analytic capabilities. The firm has built a network that calibrates control data and facilitates the appropriate sharing of best practice and standards between financial institutions. Ben Richmond, CEO, Cube, says: '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." The deal also signals the beginning of an expanded global industry collaboration led by Cube and supported by Barclays, BNP Paribas, Citi, JP Morgan and Lloyds to accelerate AI innovation, reduce compliance costs and raise industry risk standards. Cube has been on an acquisition spree over the last 18 months, snapping up Thomson Reuters Regulatory Intelligence and Oden products and businesses, New York-based Reg-Room, and AI-driven data capture firm The Hub. The firm now serves 1000 customers and has grown its global team to 700 employees across 20 countries. Just last month, it opened its new global headquarters in the City of London and announced a commitment to create another 200 jobs over the next twelve months.
Yahoo
2 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
Zawya
10-06-2025
- Business
- Zawya
Spotlight on Innovation: RegTech Africa Awards 2025 Celebrate the Trailblazers Redefining Regulatory Excellence in Africa
In an era where trust, transparency, and technology have become critical currencies in the digital economy, the 2025 RegTech Africa Awards ( offered a powerful lens into the future of regulatory innovation on the African continent. Held as part of the RegTech Africa Conference 2025, from May 22–23 in Lagos - Nigeria, the Awards Ceremony was the undeniable centerpiece — not just for its elegance, but for what it signified: a celebration of African-grown solutions, bold leadership, and digital systems that are reshaping the way financial institutions, regulators, and governments operate. The Event brought together some of the most influential voices shaping the future of regulation and technology across Africa and beyond. Among the many highlights of this year's gathering were the prestigious RegTech Horizon-100 Awards and the RegTech Rockstar Awards, honoring excellence in regulatory innovation, compliance, and digital transformation. Now recognized as Africa's leading platform for regulatory technology discourse, the RegTech Africa Conference serves as a nexus for regulators, innovators, financial service providers, and development partners working to redefine the regulatory landscape through technology. Why the Awards Matter Now More Than Ever Africa's rapidly evolving financial and regulatory landscape demands new tools, new thinking, and new champions. The RegTech Africa Awards were created to spotlight those leading this change — organizations building real-world, scalable solutions that address Africa's regulatory and digital inclusion challenges head-on. Honoring Africa's RegTech Vanguard: Horizon-100 Recognition Returning for its second year, the RegTech Horizon-100 Awards shone a spotlight on a select group of forward-thinking companies that have demonstrated exceptional leadership in addressing Africa's most pressing regulatory and compliance challenges. These organizations have deployed cutting-edge RegTech solutions in areas ranging from anti-money laundering (AML) and digital identity to SupTech, compliance automation, and financial inclusion. Among this year's honorees were AML Factory, Seamfix Limited, Vixio, Regfyl, Zone Payment Network, SymphonyAI, and EMTECH, each demonstrating measurable impact through scalable technologies and visionary leadership. These companies join an elite group of innovators from last year's inaugural list — including Global Voice Group, Sumsub, ComplyAdvantage, Fenergo, and Africa RegOS — now recognized as the continent's most credible and solution-driven RegTech pioneers. The unveiling of the 2025 Horizon-100 publication — a curated, data-driven directory of these top-tier RegTechs — marked a key milestone. Designed as a practical resource for regulators, financial institutions, investors, and development partners, the guide provides insight into tested solutions solving challenges around anti-money laundering (AML), customer due diligence, financial inclusion, regulatory reporting, and more. The RegTech Rockstar Awards: Elevating Excellence Across Key Categories In a bold expansion of the awards program, the RegTech Rockstar Awards debuted this year, recognizing standout organizations driving systemic change in critical domains. These category-specific honors reflect the complexity of Africa's regulatory landscape and the multidimensional innovation shaping it. 2025 Rockstar Award Winners include: RSwitch (Rwanda) – Regional Integration Champion – WAMI – Outstanding Regional Market Infrastructure – NDIC – Excellence in Regulatory Standards&Compliance – SANEF – Financial Literacy Champion – CENTBEE – Innovative Super App of the Year – 9PSB – Digital Bank of the Year – Moniepoint – Digital Excellence in Innovation&Service Delivery – BPC Technologies – Top Innovator in Banking&Payments Tech – Sumsub – Digital Identity Innovation Leadership – ThisDay Media – Media Excellence in RegTech – PrimeTech Digital – Most Impactful EdTech Company These organizations are recognized not only for their achievements, but also for pushing boundaries and creating enabling environments for safer, smarter, and more inclusive financial ecosystems. An Awards Platform Built for the Continent's Future Speaking at the close of the awards ceremony, Cyril Okoroigwe, Chair of the organizing Committee, noted: 'The Horizon-100 and Rockstar Awards are not just about recognition — they're about shaping a credible, trusted future for Africa's digital economy. These organizations are not only leading with technology, but also with integrity, impact, and purpose.' As Africa positions itself as a global leader in digital financial services, the role of regulatory technology will only grow in urgency and opportunity. The RegTech Africa Awards are now firmly established as a platform not just for celebration, but for mobilizing capital, partnerships, and policy support around the solutions that will define the next chapter of Africa's digital transformation. Distributed by APO Group on behalf of RegTech Africa. About RegTech Africa: RegTech Africa is a leading pan-African platform advancing dialogue, innovation, and capacity building in regulatory technology. Through high-impact convenings, strategic partnerships, and industry research, RegTech Africa fosters an ecosystem where policy and innovation converge to build stronger, more agile regulatory frameworks.
RTÉ News
10-06-2025
- Business
- RTÉ News
FinReg announces strategic partnership with CPA.com in the US
FinReg Global Solutions has announced a strategic partnership with the business and technology arm of the American Institute of Certified Public Accountants (AICPA). The software solutions company and innovator in RegTech said it aims to deliver QMCore, a powerful new quality management platform designed to help audit firms meet evolving regulatory standards. Founded in 2017, FinReg is headquartered in Sandyford Industrial Estate in Dublin. The announcement marks a major achievement for FinReg. The AICPA is one of the largest professional accounting organisations in the United States, representing a market of over 46,000 accounting and audit firms with the new partnership giving FinReg immediate access to 18,000 of these firms. FinReg said is also the first Irish company to achieve Preferred Partner status with QMCore was developed in Dublin and is a scalable, cloud-based solution that simplifies compliance with new quality management standards such as SQMS No. 1 and QC 1000. It provides firms with a centralised system to manage risk assessment, assign responsibilities, and maintain a complete audit trail, while reducing administrative burden. David Butler, CEO of FinReg Global, said: "We are delighted with this long-term strategic partnership and it is a great outcome for us to have QMCore recognised as the preferred provider of a quality solution for an organisation such as The partnership reflects our commitment to delivering compliance-driven innovation that empowers firms to meet the demands of modern regulation." The partnership marks a significant milestone for FinReg, positioning the Irish company at the forefront of global audit transformation.
