Judges cite global awareness and use of machine learning to automate regulatory change as notable differentiators for CUBE
CUBE has been named Best Compliance Solution at the WealthBriefing European Awards ceremony, held at London's Guildhall on April 26, 2018. Showcasing 'best of breed' providers in the global private banking, wealth management and trusted advisor communities, this award recognizes CUBE as Europe's leading platform for enabling these firms to leverage innovation in artificial intelligence to optimize their management of regulatory compliance.
According to the independent judging panel, comprising wealth management practitioners and industry analysts, "CUBE demonstrated innovation and excellence during 2017. The firm's global awareness, and the use of machine learning technology to ensure effective management of regulatory compliance, gave their solution the edge in this category."
CUBE's enterprise RegTech platform de-risks the regulatory change process for multi-jurisdictional financial institutions, and dramatically cuts the cost of compliance. Utilizing Artificial Intelligence, Machine Learning and Natural Language Processing, CUBE captures global regulatory data automatically and continuously, creating a golden source of cross-border regulatory intelligence. This intelligence is mapped onto a firm's policies, procedures, records and customer communications, to identify which regulations are relevant to specific jurisdictions and lines of business, including the impact of new European privacy regulation. Real-time alerts flag regulatory changes that generate risk, and pinpoints all policies and procedures that require action to restore a state of compliance.
ClearView Financial Media's CEO, and Publisher of WealthBriefing, Stephen Harris, said: "CUBE is a worthy winner of the WealthBriefing European Compliance award. These awards acknowledge the very best operators in the private client industry, with 'independence', 'integrity' and 'genuine insight' the watchwords of the judging process."
Ben Richmond, Founder and Chief Executive officer at CUBE, commented: "This award is a testament to the hard work and commitment of our global team. CUBE is a proven RegTech solution, delivering regulatory compliance to large, multi-jurisdictional financial services firms. We are very proud of our track record in de-risking the regulatory change process for global banks and wealth management firms. Currently, 1.5 million staff across 160 countries are consuming regulatory data in 60 languages, that is powered by CUBE."