Within the latest RegTech Performance Supplier Report, CUBE ranks in top positions within six of the seven listed categories, which include “Compliance, Risk and Due Diligence Universal Tools”, “Legislation/Regulatory Gap Analysis” and “Regulatory Reporting Tools”, and as a front runner in the Overall Rankings.
The report, which was published to help financial institutions looking to adopt new technologies to facilitate the delivery of regulatory requirements, ranks RegTech providers based on market adoption.
Ben Richmond, CEO and Founder of CUBE comments “CUBE was established in response to the exponential increase in the volume and complexity of regulations impacting financial institutions, and the inability of decades-old manual processes to address these challenges.
“When coupled with the effect of massive increases in data, and the need for automated compliance processes, it was clear these highly complex, global organizations needed to take a transformational approach to managing their regulatory compliance needs”.
Tina Snelling, co-author of the report and CEO of Market Fintech adds that “the pace and complexity of financial regulation and enforcement represents a growing cost to the industry, which must adapt business models and drivers in order to remain compliant and competitive”.
Commenting on CUBE’s rankings within the RegTech report, Ben says “we are delighted to see CUBE ranked as a Top RegTech Performer and we believe the report findings further cement CUBE as leader in the RegTech space”.View more news