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RegTech Cube Partners with Sionic to Accelerate Regulatory Compliance

Source: Youmans

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Cube, a global regtech boasting the world’s most comprehensive source of classified, meaningful regulatory intelligence, has partnered with Sionic, a global consulting firm, to accelerate regulatory compliance.

Financial institutions worldwide manage multiple, complex regulatory changes, all of which impact different business areas, and geographic regions. While some aspects are now automated, much remains manual, time consuming and prone to error.

The partnership combines CUBE’s AI-powered regulatory data inventory with Sionic’s applied expertise in global financial compliance, removing the inefficiency of false-positives that are categorized and mapped to the associated operational controls.  

“Partnering with Sionic represents a key step on CUBE’s journey to transform regulatory data into regulatory intelligence,”Ben Richmond, Founder and CEO of CUBE said.”Our inventory is built on 10 years’ experience and expertise working with regulatory data. Coupling that with Sionic’s deep domain expertise is a compelling combination for financial firms across the globe who are looking to transform their regulatory compliance.”

”We believe that accessing CUBE’s inventory will be a powerful accelerant of regulatory intelligence across North America and beyond, offering significant efficiency benefits to our whole international client base,”Robert Cranmer, Managing Partner and Head of Sionic Canada added.

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