Judges cite innovative use of AI and a unique approach to automating regulatory change management as key differentiators for CUBE
London, UK, April 16, 2019 – CUBE has been named winner of the WealthBriefing European award, for 'Best Compliance Solution', for the second year running. The April 2019 awards ceremony, held at London's majestic Guildhall, showcases 'best of breed' providers in the global private banking, wealth management and trusted advisor communities. CUBE has been delivering AI-driven compliance automation solutions in this sector since 2011, and this second consecutive award reaffirms CUBE as Europe's leading regulatory technology (RegTech) platform for managing regulatory change.
According to the independent judging panel, comprising wealth management practitioners and industry analysts, "CUBE is applauded for its AI function, and a broad range of other clear benefits. Its offering is much appreciated across the market."
In 2018, the judging panel commented: "CUBE has demonstrated innovation and excellence. 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."
Utilizing Artificial Intelligence, Machine Learning and Natural Language Processing, CUBE captures all global financial services regulation, rapidly identifies all regulatory obligations relevant to your lines-of-business and jurisdictions, then maps them onto individual policies, processes and controls to pinpoint areas of exposure. As regulatory changes occur, CUBE automatically assesses their impact on your business and issues real-time alerts when compliance risk arises.
Nicola Cowburn, Chief Marketing Officer at CUBE, commented: "We are very proud to be delivering peace of mind for global banks and wealth management firms, whose drive to tackle regulatory change with artificial intelligence is paying dividends. Given current volumes of regulation, and the extraordinary pace of change, decades-old technology and manual processes are no longer sustainable. With AI, CUBE delivers a much smarter, faster and cheaper means of managing regulatory change effectively."
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."