CUBE acquires regulatory intelligence business from Reuters

Automated Regulatory Intelligence (ARI) provider CUBE has made a significant stride in the industry by acquiring the Thomson Reuters Regulatory Intelligence and Oden products and businesses. This acquisition will significantly expand CUBE’s global customer base and employee count, setting a new benchmark in regulatory automation and content.

CUBE’s acquisition of Thomson Reuters’ business is a game-changer in the provision of specialized regulatory intelligence and regulatory change services.

Expanding CUBE’s Global Presence

The acquisition will see CUBE’s existing global customer base expand to approximately 1,000 customers across banking, insurance, asset and investment management, payments, and other regulated industries. Furthermore, CUBE’s global employee count will increase to 600, with nearly 250 of these being highly qualified regulatory subject matter experts, and legal and compliance professionals.

Setting a New Industry Standard

With this acquisition, CUBE aims to redefine industry standards in regulatory automation and content. The integration of Thomson Reuters’ expert analysis and subject matter expertise with CUBE’s purpose-built AI will accelerate innovation in the field, providing comprehensive and meaningful regulatory content for customers.

Transforming Regulatory Compliance

Ben Richmond, founder and CEO of CUBE, expressed his excitement about the acquisition, stating that the combination of CUBE’s AI with Thomson Reuters’ curated content will deliver regulatory transformation capabilities that were previously only imagined. He believes that this merger will provide tremendous scale and depth across CUBE’s regulatory content and technology, creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.

Seamless Transition and Future Innovation

Chris Maguire, General Manager, Risk and Fraud, Corporates, at Thomson Reuters, assured that the transition to CUBE would be seamless and value-enhancing for customers and employees. He expressed confidence in CUBE’s ability to continue innovating and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden.

Conclusion

This acquisition marks a significant step forward for CUBE, expanding its global presence and setting a new industry standard in regulatory automation and content. With the integration of Thomson Reuters’ expert analysis and CUBE’s AI, the future of regulatory compliance and risk management looks promising.