CUBE, a global Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) company, has officially opened the doors to its new headquarters located in the City of London building, Tower 42.
The news comes after CUBE revealed impressive growth over the last year, having doubled its revenue, employees and the number of countries it now operates in.
The new AI Centre of Excellence, RegBrain AI Lab, comes as part of a multi-million pound investment CUBE is making to advance the role of innovation and AI in regulatory intelligence, compliance and risk across the financial services sector and adjacent regulated industries.
Alongside the unveiling of its new headquarters, CUBE committed to creating 200 jobs over the next 12 months, half of which are expected to be based in the UK.
The opening of the new headquarters follows a year of strong growth, supported by its strategic partnership with Hg, an investor in European and Transatlantic software and services businesses. In the last year, CUBE also completed two landmark US-based acquisitions, acquiring three regulatory intelligence businesses.
“We chose an iconic City of London location for our new global headquarters as we believe it’s the perfect place to continue CUBE’s growth,” explained Ben Richmond, founder and CEO of CUBE. “London is unquestionably a world-class tech hub and a global leader for AI and innovation. We’re proud to further build out our global operations and investment from the UK and aim to be a benchmark for building successful global tech businesses here. Our performance in the last year highlights the progress we have made so far.”
Building on success
Since launching in 2011, CUBE has become a global regtech, partnering with some of the largest financial institutions globally, which leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
CUBE also recently launched RegPlatform Intel, its latest purpose-built solution to help financial services firms in the mid-market remain compliant in today’s global regulatory landscape.
“We’ve experienced considerable growth over the past year, and we wanted a global HQ that reflects the ambition and scale of our expanding team,” Richmond added. “We want to reimagine the future of work and how we collaborate with customers, which is why we created a space that fosters partnership and drives continuous technological innovation. Our new AI Centre of Excellence will be at the forefront of AI innovation. We will continue to deliver smart, agile solutions for our customers in response to the rapid pace of global regulatory change.”
CUBE’s base of strategic and long-term customers will benefit from open access to the facilities in its new global headquarters, which includes an innovative RegTheatre and RegCinema, alongside the RegBrain AI Lab. These have been purposefully designed to drive collaboration with industry participants across the financial services sector to progress the role of innovation and AI in compliance and risk.
