LONDON, May 15, 2019 /PRNewswire-PRWeb/ — The Investment Association (IA) has revealed CUBE as one of five leading FinTech firms, and the only RegTech firm, selected for the second cohort of Velocity, the IA’s innovation hub and FinTech accelerator for the buy-side and asset management industry.
Following a rigorous selection process, CUBE won its place on Velocity due to the innovation of its RegTech solution. CUBE leverages Artificial Intelligence to automate the process of creating deep regulatory insight and managing regulatory change, which mitigates compliance risk and reduces costs for financial institutions across the globe.
Judged by an eminent panel of senior-level asset management practitioners and industry analysts, places on Velocity are highly-prized for the support offered during an intensive six-month program. Velocity FinTechs will be mentored by key stakeholders across the asset management and capital markets industry. Throughout the program, CUBE will be showcasing how its enterprise-scale platform delivers regulatory intelligence and regulatory change management, smarter, faster and cheaper than traditional methods that are reliant on manual processes, outsourced services or inadequate technology.
According to Chris Cummings, Chief Executive of the Investment Association: “Competition to join the IA’s accelerator program continues to grow, with 50 talented FinTech firms vying to take part. Velocity has acted as a catalyst in bringing together the asset management industry and the most cutting-edge FinTech firms, in the search for new and innovative solutions. Our innovation hub is now among one of the largest buy-side communities of FinTech firms in Europe. Congratulations to CUBE for securing their place in the second cohort of Velocity.”
Ben Richmond, Founder and CEO of CUBE, commented: “We are honored to be participating in Velocity, and delighted that the judging panel recognized CUBE’s innovative approach to transforming processes around regulatory intelligence and change management. CUBE is already making in-roads into the capital markets industry, and we believe that Velocity will play a crucial part in accelerating our growth in this sector, where we can demonstrate a compelling value proposition to reduce costs and risk.”