LONDON, May 13, 2019 /PRNewswire-PRWeb/ -- CUBE has been named winner of the globally renowned RegTech Insight Award for 'Best Solution for Records Retention'.
During the presentation ceremony at London's historic Banking Hall, judges recognized CUBE for pioneering a highly creative, enterprise-scale records retention solution that leverages Artificial Intelligence (AI) to ensure cost-effective compliance, across the records management lifecycle. The firm's extensive multi-jurisdictional customer base is utilizing CUBE to avoid regulatory breaches and enforcement fines.
A purpose-built regulatory intelligence and regulatory change management solution, CUBE maintains a single inventory for required records, provides updates on regulatory change and automatically assesses its impact on records retention policy, by line-of-business and jurisdiction. CUBE also enables compliant cross-border practices and the effective management of legal holds. Records managers can create and distribute policy consistently, across the enterprise.
"In the past, Records Managers have focused primarily on the source of records, the formats they are stored in, where and for how long," commented Nicola Cowburn, Chief Marketing Officer at CUBE. "Retention schedules were established, but records were often retained beyond regulatory requirements, in case they were required for compliance or litigation purposes in the future. Today, the retention of records beyond regulatory obligations is as culpable as disposing of them too soon. As confirmed in Burnmark's recent RegTech for Information Governance report, heightened focus on data privacy and conflicting regulatory obligations have increased risk for recordkeeping executives operating cross-border. CUBE addresses regulatory complexity by automating information governance processes, enabling risk-based decision-making and continuously monitoring regulatory change. We are thrilled to receive this award in recognition of our unique capabilities and our long-established record of customer success."
CUBE has been engineered and deployed by experts in information governance, records management and financial services regulation, since 2011.
About CUBE
Since 2011, CUBE has been leveraging artificial intelligence to de-risk compliance processes for financial services firms, enabling more accurate, timely and cost-effective management of regulatory change, and providing regulatory intelligence and insights that facilitate proactive work. Headquartered in London, and with offices in New York, Paris and Melbourne, CUBE is an international business serving global and national banks, wealth and asset management firms and insurance companies, operating in heavily-regulated, multi-jurisdictional environments. CUBE is an award-winning regulatory technology (RegTech) platform, with accolades including: WealthBriefing European Awards 2018/19 (Best Compliance Solution); FinTech Global – 2017/18 RegTech 100; MarketFinTech RegTech Top Performer 2016-18 ; Medici Top 21 RegTech 2018.
SOURCE CUBE
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