Eight years delivering AI-driven compliance of information assets for global financial institutions makes CUBE #1 for records retention
London, UK, May 7, 2019 – CUBE has been named winner of the globally renowned RegTech Insight Award for 'Best Solution for Records Retention'.
During the presentation ceremony at London's historic Banking Hall, judges recognized CUBE for pioneering a highly creative, enterprise-scale records retention solution that leverages artificial intelligence (AI) to ensure cost-effective compliance, across the records management lifecycle. The firm's extensive multi-jurisdictional customer base is utilizing CUBE to avoid regulatory breaches and enforcement fines.
A purpose-built regulatory intelligence and regulatory change management solution, CUBE maintains a single inventory for required records, provides updates on regulatory change and automatically assesses its impact on records retention policy, by line-of-business and jurisdiction. CUBE also enables compliant cross-border practices and the effective management of legal holds. Records managers can create and distribute policy consistently, across the enterprise.
"In the past, Records Managers have focused primarily on the source of records, the formats they are stored in, where and for how long," commented Nicola Cowburn, Chief Marketing Officer at CUBE. "Retention schedules were established, but records were often retained beyond regulatory requirements, in case they were required for compliance or litigation purposes in the future. Today, the retention of records beyond regulatory obligations is as culpable as disposing of them too soon. As confirmed in Burnmark's recent RegTech for Information Governance report, heightened focus on data privacy and conflicting regulatory obligations have increased risk for recordkeeping executives operating cross-border. CUBE addresses regulatory complexity by automating information governance processes, enabling risk-based decision-making and continuously monitoring regulatory change. We are thrilled to receive this award in recognition of our unique capabilities and our long-established record of customer success."
CUBE has been engineered and deployed by experts in information governance, records management and financial services regulation, since 2011.