An AI-powered compliance solution has launched for financial firms worldwide.
Financial regtech firm Cube has partnered with global consulting company Sionic in an aim to accelerate regulatory compliance.
Cube will combine its AI-powered regulatory data inventory with Sionic’s applied expertise in global financial compliance to ensure that customers have up-to-date regulatory obligations that are relevant to their business.
“Partnering with Sionic represents a key step on Cube’s journey to transform regulatory data into regulatory intelligence,” said Ben Richmond, founder and chief executive of Cube.
“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.”
“Our clients rely on us to provide insights and solutions that are relevant and timely,” said Robert Cranmer, managing partner and head of Sionic Canada.
“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.”