Why CUBE?

The requirement

In 2014, our customer sought an efficient, enterprise solution to replace manual regulatory change management processes. Policies and controls need to be updated as soon as regulatory change occurs, across all of the 160 jurisdictions they do business in.

The solution

CUBE automatically captures all regulatory intelligence relevant to our customer’s business and continuously monitors for regulatory change. All global regulatory obligations are known and robotically mapped to individual policies and controls, to identify regulatory compliance gaps.

The future

The customer has a comprehensive CUBE deployment roadmap, including enterprise-wide regulatory change management, policy federation and lifecycle management, and administration of legal holds.

The requirement

Our customer chose CUBE in 2013, initially to monitor relevant regulatory changes across 57 jurisdictions. They needed their policies and controls to be compliant and up-to-date with changing regulation, and then applied to inventories of records and data, enterprise-wide.

The solution

CUBE automates global horizon scanning and ensures that the bank’s policies and controls are aligned with global regulatory obligations. Both internal and outsourcing costs have been dramatically reduced, as has overall risk exposure.

The future

CUBE is now the bank’s strategic RegTech platform and its deployment has been extended to automate compliance and controls mapping for technology risk. Coming next in the bank's roll-out will be cybersecurity, conduct risk and operational risk.

The requirement

The bank needed an enterprise-scale platform to manage regulatory complexity across 75 jurisdictions. They needed to ensure compliance across the information lifecycle (from creation to disposition), remediate the impact of regulatory change quickly and ensure compliant cross-border transfer of records and data.

The solution

CUBE automatically monitors records and data for compliance, providing an authoritative single source of regulatory data that ensures records retention obligations are met. Regulation is mapped to existing policies and procedures, and compliance teams are alerted when regulatory gaps arise.

The future

Having deployed CUBE as a single enterprise platform for managing regulatory intelligence and change across different business functions, the bank is now reviewing further use cases including upcoming regulation monitoring and compliant customer communications.