Zelig is delighted to announce that it has acted as financial advisor to Acin’s management team on the company's sale to CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM). Acin, headquartered in London, is a leading RegTech and global operational risk AI and technology provider for the financial services sector. Its AI-powered platform digitises and standardises risk and control data, giving financial institutions a dynamic view of their control environment. Acin is backed by leading venture capital investors including Notion Capital, Fitch Ventures and Talis Capital in addition to a consortium of banks comprising of Barclays, BNP Paribas, Citi, J.P. Morgan and Lloyds Banking Group.
Zelig also advised Acin on its previous Series A venture capital fundraise and its Series B strategic consortium deal.
This acquisition further expands CUBE’s existing capabilities and accelerates CUBE’s mission to help the financial services sector and adjacent regulated industries to navigate increasingly complex compliance and risk environments – providing an industry-first data driven end-to-end regulatory compliance and risk management platform.
Acin’s AI-based platform empowers financial institutions to safely digitise their non-financial risk analysis, using groundbreaking data intelligence and analytics capabilities. Acin has established a network that calibrates control data and facilitates the appropriate sharing of best practice and standards between financial institutions. This creates new opportunities for regulatory compliance and risk mitigation, as customers can compare processes and best practices against their anonymised peers, offering valuable insight to enhance controls while maintaining full privacy and integrity of data.
Headquartered in London, CUBE serves 1,000 customers globally, and has significantly grown its global team to 700 employees across 20 countries. Building on its acquisitions of Thomson Reuters Regulatory Intelligence and Oden businesses and RegRoom last year, the acquisition of Acin adds a first-to-market capability for CUBE bringing together regulatory compliance and operational risk in one platform.
Hg, a leading investor in European and Transatlantic software and services businesses, invested in CUBE in March 2024 to support CUBE’s continued growth in the sector.
“Acin has seen first-hand the shared commitment of addressing operational risk from leaders within the industry. By joining forces with CUBE, our platform will continue to grow and deliver even greater value to both our existing customers and CUBE’s global client base, while shaping the future of our industry. We are delighted to be part of this next era and excited about the increased value CUBE and Acin can deliver to customers in one unified platform.”
Paul Ford
CEO & Founder, Acin
“This is a significant step forward in how financial services firms across the globe can take a truly integrated approach to their compliance and risk management. Since the founding of CUBE fifteen years ago, we’ve become recognised for the transformational solutions we’ve delivered in compliance. We’ll now build on this by connecting the first and second lines of defence with a whole new end-to-end capability, which at its core will be the best of what AI can deliver for transformation.”
Ben Richmond
CEO & Founder, CUBE
