Artificial Intelligence in Regulatory Technology (RegTech)

London-based CUBE, was founded in 2011 and claims to offer a RegTech platform that can help businesses cut regulatory costs and minimize risk of non-compliance. The 94-employee company claims their platform can assist in predicting compliance risk, automating AML, Know Your Customer (KYC) and Cyber/information security processes. CUBE states that the platform uses machine learning to help enterprises to automatically keep track of global regulatory data and prompt alerts by detecting regulatory changes that pose a compliance risk. The company claims it has created a regulatory'data lake' that covers the regulations for financial services organizations across the globe. We, however, could find no evidence of how extensive their database is.