UK – Cube, a London, UK-based Automated Regulatory Intelligence (“ARI”) company, acquired The Hub, a London, UK-based RegTech firm providing artificial intelligence solutions for capturing and monitoring unstructured data.
The amount of the deal was not disclosed.With the acquisition, Cube will further its capabilities and market reach to provide the most innovative solutions to regulated firms across the globe. Cube will integrate The Hub technology with its RegPlatform to provide additional capabilities for customers to automate their regulatory compliance processes, reducing risk and compliance operating costs. Founded by Juned Jable and Jon Anthony in 2015, The Hub provides AI-driven web data capture and monitoring solutions to support compliance and regulatory requirements. Working with legal, financial, and pharmaceutical firms and RegTech providers across the globe, The Hub applies artificial intelligence techniques to huge volumes of unstructured data from across the web with core competencies that include topic-based classifications, relevance calculations, article versioning, indexing and data analysis tools which enable streamlined delivery of new or updated regulatory content.Led by CEO, Ben Richmond, Cube serves a diverse and global base of customers and partners including financial institutions who leverage its RegPlatform to streamline their complex regulatory change management and compliance processes. The system captures changing or emerging regulations and uses AI to automatically enrich and map them to customers’ policies, procedures, and controls. The company has operations across Europe, North America, Asia, and Australia. The acquisition follows Cube’s recent strategic growth investment from Bregal Milestone to support next phase of growth for further geographical expansion and to extend the technology edge.12/01/2023
