Manual and legacy change management processes are renowned for being labour-intensive and riddled with error. BY engaging with CUBE, financial institutions can streamline processes and ensure efficiency when it comes to time, accuracy, resource allocation and cost.
How does CUBE achieve this?
CUBE’s Digital Regulation Platform (DRP) uses smart, sophisticated technologies such as Artificial Intelligence (AI) and Natural Language Processing (NLP) to enrich regulatory data and fully automate compliance processes.
It scans the length and breadth of regulatory data to track regulatory change, analyse the changes, and then map it to existing controls and policies to establish whether that change will impact your business.
If done manually, this process can take days, if not weeks and end up costing a business a significant amount in terms of billable man-hours, and there’s no guarantee that something won’t be missed. With CUBE, it’s all done instantaneously.
What’s special about CUBE’s offering?
CUBE’s regulatory intelligence solution works across 180 countries and in 60 different languages to enrich data, so financial institutions are better equipped to harness its potential – without having to rely on huge teams to do all the heavy-lifting, administrative leg work.
What’s the benefit to my business?
This allows time-poor compliance teams to free up their highly talented staff to focus on carrying out the true compliance tasks and focus on efficiently implementing any new rules and regulations.
CUBE is not here to replace employees; our system is at its most powerful when used in concert with human compliance experts; enabling it to accelerate the capacity of compliance teams to implement regulatory changes quicker.
The DRP also reduces the opportunity for human error – by ensuring a higher level of assurance that all new regulations are being captured and implemented – making it the essential foundation for any compliance function that wants to operate more efficiently and ensure robust regulatory change management.