back Back

CUBE has partnered with Sionic to accelerate regulatory compliance

By Joy Dumasia

September 07, 2021

Share

CUBE has announced a new partnership with Sionic, the global consulting firm. The collaboration aims to accelerate regulatory compliance by combining CUBE’s AI-powered regulatory data inventory with Sionic’s applied expertise in global financial compliance. 

Financial institutions worldwide manage multiple, complex regulatory changes, impacting different business areas and geographic regions. While some aspects are now automated, much remains manual, time-consuming and prone to error. Even the automated elements are overly complex, sending a myriad of alerts to users who still need to discern which is relevant to them.

The combination of CUBE & Sionic will ensure that clients have up-to-date regulatory obligations relevant to their business, removing the inefficiency of false positives that are categorized and mapped to the associated operational controls. 

Ben Richmond, Founder and CEO of CUBE, said: “Partnering with Sionic represents a key step on CUBE’s journey to transform regulatory data into regulatory intelligence. 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.”

Robert Cranmer, Managing Partner and Head of Sionic Canada, said: “Our clients rely on us to provide insights and solutions that are relevant and timely. Partnering with CUBE enables us to combine the best of reg tech and AI with our experience of what clients need to do to be compliant with regulations and, crucially, how they need to do it. We are delighted that this innovative partnership originated from our Toronto-based team. 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.”

Recently, IBS Intelligence reported that PwC Switzerland, PwC UK and CUBE have revealed a collaboration that will see the organizations work together to transform the world of financial compliance by combining PwC‘s expertise in regulatory compliance with a leading RegTech platform.

Previous Article

September 07, 2021

Haitong International selects the Avaloq Wealth platform

Read More
Next Article

September 07, 2021

Signzy expands global leadership team to fuel business growth

Read More









IBSi Daily News Analysis

Middle East, Egypt

January 16, 2024

Egypt among top remittance recipient countries in 2023: World Bank

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Storfund & Mangopay to ease cash flow for marketplace sellers

Read More

Today

HNBGI teams up with Azentio Software to launch Project Phoenix

Read More

Today

Revolut teams with Jabil to scale development of mobile payment solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023