While the regulatory technology space is often thought of as staid and laborious, it’s likely to get more competitive in 2025, as regtech players continue to be acquired or merged.
This week, CUBE, a global provider of automated regulatory intelligence, announced it completed the acquisition of the Thomson Reuters Regulatory Intelligence and Oden businesses.
The acquisition was first announced in May. While terms of the deal were not disclosed, it will expand CUBE’s base to approximately 1,000 customers across banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE is best known for its SaaS RegPlatform and the development of its RegBrain AI offering. With its latest acquisitions, the company has grown to almost 700 employees. Headquartered in the U.K., CUBE has operations in 15 countries across Europe, North America, Asia and Australia.
"The completion of this acquisition is a major milestone for CUBE in a year that has seen many important milestones, including our strategic partnership with Hg, the acquisition of Reg-Room, and the acquisition of Thomson Reuters Regulatory Intelligence and Oden businesses,” CUBE founder and CEO Ben Richmond said in a statement.
CUBE secured a significant, though undisclosed, investment from London-based private equity firm Hg Capital in March. In 2021, Hg also made a significant investment in Nitrogen (then still called Riskalyze), allowing it to recapitalize.
In the announcement of the acquisition’s closing this week, Richmond noted that the combination of CUBE's AI and the years of human-generated content curated by Thomson Reuters Regulatory Intelligence and Oden subject matter experts sets the firm apart in the industry and will provide a foundation for growth.
An Interesting Read: “Using Large Language Models to Converse With Your Data”
Data and technology provider FactSet released a list of its best content of the year, including a piece written a couple of months ago by machine learning engineer Yogendra Miraje, who joined the firm with its acquisition of TruValue Labs.
In the piece, Miraje notes that the integration of generative AI within the enterprise data realm remains largely untapped and still offers vast potential benefits. Even so, the knowledge gap between what AI can do and our understanding of how it does it continues to grow.
He breaks down some complex concepts, processes and technologies into readable text, from the differences in structured and unstructured data to Retrieval Augmented Generation to how the technology can harness databases not architected or optimized for it.
National Cyber Incident Response Plan Seeking Public Comment
Matt Kapko, senior reporter at Informa's sister publication, Cybersecurity Dive, wrote earlier this month about the Cybersecurity and Infrastructure Security Agency publishing a draft update to the National Cyber Incident Response Plan.
He noted that this was a step toward fulfilling one of the goals of last year’s national cybersecurity strategy.
It is important to understand that the NCIRP isn’t intended to be a prescriptive manual for incident response but rather a framework for coordinated response efforts. It is also meant to give private-sector organizations a better understanding of how they can coordinate with the government during an incident response.
More than 150 cybersecurity experts from 66 organizations contributed to the National Cyber Incident Response Plan update. It includes a path for non-federal stakeholders to participate in coordinated cyber incident response, and legal and policy changes impacting agency roles and responsibilities.
