CUBE Acquires Acin to Transform AI-Driven Compliance
Deal News | Jun 19, 2025 | PR Newswire Cision CUBE
CUBE, a leader in Automated Regulatory Intelligence, has announced the acquisition of Acin, a London-based provider of AI operational risk technology. This acquisition aims to enhance CUBE's capabilities in regulatory compliance and risk management with automated tools for mapping between regulations and controls, as well as providing anonymized industry benchmarking. The strategic move signifies the start of a global industry collaboration supported by major financial institutions like Barclays, BNP Paribas, Citi, J.P. Morgan, and Lloyds Banking Group, intended to foster AI innovation, reduce compliance costs, and elevate industry risk standards. CUBE's Founder and CEO, Ben Richmond, emphasized the acquisition's role in facilitating a unified compliance strategy through data-driven collaboration. This acquisition aligns with CUBE's continued growth trajectory alongside previous strategic partnerships and acquisitions.
Sectors
- Financial Services
- Technology
Geography
- United Kingdom – Both CUBE and Acin are headquartered in London, making the UK a significant geographical focus for this transaction.
Industry
- Financial Services – The acquisition impacts the financial services sector as it involves major banks and aims to improve compliance and risk management within financial institutions.
- Technology – The acquisition involves AI and RegTech, highlighting the technological advancements CUBE intends to integrate into its regulatory and risk management platforms.
Financials
- Not Disclosed – Transaction details for the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CUBE | Acquiring Company | Companies | A global leader in Automated Regulatory Intelligence and Regulatory Change Management. |
| Acin | Target Company | Companies | A RegTech company providing AI-based operational risk technology for financial services. |
| Ben Richmond | CEO of CUBE | People | Founder & CEO of CUBE, leading the acquisition and integration of Acin. |
| Paul Ford | Founder of Acin | People | Founder of Acin, commenting on the strategic benefits of the acquisition. |
| Hg | Investor/Strategic Partner | Companies | An investor supporting CUBE's growth in the regulatory compliance sector. |
| Barclays, BNP Paribas, Citi, J.P. Morgan, Lloyds Banking Group | Industry Collaborators | Companies | Leading banks supporting the new industry collaboration initiative led by CUBE. |