Skip to main content

What is… A Digital Regulation Platform (DRP)

CUBE is renowned for transforming regulatory change management processes through its Digital Regulation Platform (DRP). In the third edition of this series, we explain DRP and how it is overhauling regulatory change management for the better.

Regulatory change management is a complex task that has historically been carried out manually. Legacy approaches to change management have often comprised of large teams of individuals trawling through regulatory data to spot, analyse and implement changes. This system has left financial institutions uncertain of the completeness of their regulatory content and questioning whether they are exposed to potential punitive action from the regulators.

A Digital Regulation Platform is the technological alternative to this manual process.

A DRP continuously tracks regulations across all financial services. It then transforms that content into regulatory intelligence, which is subsequently mapped against a firm’s specific policies and controls. If the regulatory change is relevant to the firm, the DRP will also assess the regulatory information – meaning that teams can swiftly remedy out of date policies and controls.

As CUBE’s in-house expert and product specialist, Julien Temim, explains, “Essentially, DRP automates the process of managing global regulatory change for the financial services industry. By connecting the external regulatory universe with the internal compliance landscape, it ensures that financial institutions can remediate regulatory risks and identify areas of non-compliance in an efficient and standardized way. CUBE then applies AI to the regulatory universe, which helps to ensure that the institution’s processes, policies, procedures and controls are compliant with current regulation.”

Simply put, a DRP is the go-to single source for global regulatory change. Watertight regulatory change management can’t be achieved without it.