CUBE OPENS NEW GLOBAL HQ AND AI CENTRE OF EXCELLENCE IN CITY OF LONDON
Multi-million pound investment follows growth at the leading global RegTech, with revenue and employees doubling over the past year
CUBE's customers will benefit from open access to the facilities including RegBrain AI Lab, RegTheatre and RegCinema
LONDON, May 8, 2025 /CNW/ -- CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has officially opened its new global headquarters located at the iconic City of London building, Tower 42, and confirmed the impressive growth trajectory of the company over the last year - doubling of revenue, employees and the number of countries CUBE now operates in.
The new cutting-edge AI Centre of Excellence, RegBrain AI Lab, signals the 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 has made a commitment to create 200 jobs over the next 12 months, half of which are expected to be based in the UK.
The opening of CUBE's new headquarters follows a transformative year of strong growth, supported by its strategic partnership with Hg, a leading investor in European and Transatlantic software and services businesses. CUBE has increased its revenue by over 200% in the last year and now serves 1,000 customers globally, and has significantly grown its global team footprint – which now stands at 700 employees across 20 countries. In the year CUBE also completed two landmark US-based acquisitions acquiring three regulatory intelligence businesses.
Commenting at the launch of CUBE's new global headquarters, CUBE's Founder & CEO Ben Richmond, said: "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. 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."
Since launching in 2011, CUBE has become a leading global regulatory technology company partnering with some of the largest financial institutions globally who leverage CUBE's platform to streamline their complex regulatory intelligence and change management processes. In addition, CUBE recently launched RegPlatform™ Intel, its latest purpose-built solution to help financial services firms in the mid-market remain compliant in today's ever-changing global regulatory landscape.
Richmond continued:"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. 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 – RegBrain AI Lab – 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 not only includes the RegBrain AI Lab but also an innovative RegTheatre and RegCinema. 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Canada News.Net
4 hours ago
- Canada News.Net
US, European stock markets tumble on Trump's tariff move; Amazon & Apple shares face heavy selling
New Delhi [India], August 2 (ANI): US stock markets faced heavy selling pressure on Friday (local US time) after President Donald Trump implemented fresh reciprocal tariffs on 70 countries, including India. The new tariffs have raised fears of rising inflation in the US, as imports will become more expensive and prices of goods sold in the country are expected to rise in the coming months. The major US stock indices witnessed sharp declines. The Dow Jones Industrial Average fell by over 1.2 per cent to close at 43,588.58, down by 542.40 points. The S&P 500 also dropped by 1.6 per cent, losing 101 points to settle at 6,238. The tech-heavy Nasdaq index tanked more than 2.2 per cent, falling by 472 points to close at 20,650. Several major US companies saw their share prices tumble. Amazon Inc. shares on the Nasdaq declined sharply by 8.27 per cent. Shares of tech giant Apple also dropped by 2.5 per cent, reflecting broad-based selling across the technology sector. In a major development, President Trump abruptly fired Dr. Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS). Trump accused her of releasing 'fake' jobs data ahead of the 2024 US Presidential Election in an attempt to support Vice President Kamala Harris. In a social media post, Trump said, 'I was just informed that our Country's 'Jobs Numbers' are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala's chances of Victory. This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000.' Trump added, 'These were Records -- No one can be that wrong? We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified.' The panic in global markets extended to Europe as well. Germany's DAX index dropped by more than 2.7 per cent, while France's CAC index fell by 2.99 per cent, showing heavy selling pressure across European markets too. Investors remain concerned over the uncertainty triggered by Trump's tariff move and the possible economic consequences it could bring. (ANI)
Canada News.Net
4 hours ago
- Canada News.Net
Interview: Spanish economist says EU gains little from new tariff deal with U.S.
European leaders handled the trade deal with the United States "too weakly," said a Spanish economist, noting that the EU has tools to counter U.S. pressure. BARCELONA, Spain, Aug. 3 (Xinhua) -- The European Union (EU) has little to gain from its new trade deal with the United States, with Germany likely to be the bloc's biggest loser, Sergi Basco, associate professor of Economics at Barcelona University, told Xinhua recently. Basco said the "only positive outcome for Europe" in the deal, under which the United States will impose a baseline 15 percent tariff on EU goods while many U.S. exports to Europe face no tariffs, is that "instead of 30 percent, it is 15 percent." He noted that Germany will probably "lose the most," as it is the EU's largest exporter to the United States. The tariffs will "likely cause the sales of German cars to the United States to go down," and hurt Spain's automotive industry as well, "because many of the vehicles Germany sells use components made in Spain," Basco added. Basco criticized European leaders for handling the trade deal "too weakly," noting that the EU has tools to counter U.S. pressure. "I don't know if it's because the negotiations were hampered by there being different voices, but it seems to me that their reaction was weak," he said. Meanwhile, Basco cautioned that it is "important" to note that the trade deal is "a non-binding agreement," citing a European Commission statement stressing that the two sides "will further negotiate, in line with their relevant internal procedures, to fully implement the political agreement." He noted that European Commission President Ursula von der Leyen described the trade deal as a "framework," adding that the agreement will need approval from all 27 EU member states, whose ambassadors are set to meet on Monday.
Canada News.Net
4 hours ago
- Canada News.Net
Eurozone inflation holds steady at 2 pct in July, despite regional variations
Inflation in some of the largest European economies turned out to be lower than 2 percent. FRANKFURT, Aug. 1 (Xinhua) -- Inflation in the euro area is expected to stand at 2 percent in July, as rising prices in some categories were offset by a 2.5 percent drop in energy prices, Eurostat, the statistical office of the EU, announced on Friday. Prices of food, alcohol and tobacco hiked in July at a faster pace than June with an increase of 3.3 percent. Prices of services soared by 3.1 percent, slightly down from 3.3 percent in the previous month. Non-energy industrial goods also saw a modest increase of 0.8 percent. Inflation in some of the largest European economies turned out to be lower than 2 percent, with 1.8 percent in Germany, 1.7 percent in Italy and 0.9 percent in France. In contrast, Estonia recorded the highest inflation rate at 5.6 percent, followed by Croatia and Slovakia, both at 4.5 percent, according to Eurostat. According to a separate report from the Croatian Bureau of Statistics (CBS), Croatia's annual inflation rate rose to 4.1 percent in July. Key drivers included a 6.6 percent increase in prices for food, beverages, and tobacco, and a 5.7 percent rise in service costs. This marks the third consecutive month of rising inflation in Croatia. Croatian Deputy Prime Minister and Finance Minister Marko Primorac stated that the government expects the average annual inflation rate for 2025 to be around 3 percent, with inflation projected to slow toward the end of the year. The euro area inflation has been hovering around 2 percent since February this year with some minor fluctuations, according to Eurostat. This aligns closely with the European Central Bank (ECB)'s inflation target. However, Bert Colijn, chief economist for the Netherlands at ING, cautioned that the streak is unlikely to continue for long. The ECB noted in a statement released last month that longer-term inflation expectations remain near its 2 percent target, reflecting market confidence in its price stability mandate. The ECB put interest rates on hold at its July rate-setting conference as the 2 percent inflation rate puts the central bank "in a good place."
