CUBE acquires Acin

CUBE , a global provider of automated regulatory intelligence and change management, has acquired Acin , a London-based RegTech focused on AI-powered operational risk for financial services.

The deal adds Acin’s data-driven platform—which allows institutions to benchmark non-financial risk controls against anonymized peers—to CUBE’s compliance technology stack. Together, the companies aim to deliver the first end-to-end regulatory compliance and risk platform combining AI, benchmarking, and regulatory controls.

The acquisition also kicks off an industry-wide collaboration initiative supported by five major banks, enabling shared intelligence across compliance and risk teams. CUBE, which recently opened a new AI Centre of Excellence in London, has doubled revenue over the past year and now serves 1,000 customers globally.

“This is a significant step forward in how financial services firms across the globe can take a truly integrated approach to their compliance and risk management. Since the founding of CUBE fifteen years ago, we’ve become recognised for the transformational solutions we’ve delivered in compliance. We’ll now build on this by connecting the first and second lines of defence with a whole new end-to-end capability, which at its core will be the best of what AI can deliver for transformation. The work that Acin’s been doing to enable industry benchmarking is also the perfect platform for the start of CUBE’s industry-wide collaboration initiative. It’s a first for the industry, and we see a significant opportunity for firms to reduce costs and make better, faster decisions. What was once siloed knowledge can become collective intelligence for improving compliance and risk effectiveness industry-wide. Secure, data-driven collaboration isn’t just possible, it’s essential for the continued evolution of the industry.” – CUBE’s Founder & CEO Ben Richmond.