The deployment of Cube RegTech continues with the acquisition of Reg-Room

Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a series of acquisitions planned to drive consolidation in the regulatory technology market.

Founded by Nick Paraskeva and based in New York, Reg-Room provides oversight and analysis of regulatory changes to the financial services industry. Its flagship products, Reg-Track, Reg-Impact and Regulatory Risk Report, provide the banking, broker-dealers, asset management and insurance industries with personalized alerts and summaries on crucial regulatory changes with global coverage.

The Reg-Room buyout follows Cube’s January acquisition of AI-based data capture company The Hub.

Ben Richmond, Founder and CEO of Cube, said: “Cube’s focus on technology, content and AI to deliver a truly transformative regulatory compliance and risk management platform for clients is at the heart of this acquisition – and of all –.

Born out of the 2008 financial crisis, Cube covers 5,000 issuing organizations in 180 jurisdictions to help financial institutions streamline their complex regulatory change management and compliance processes.

The company secured an investment from Bregal Milestone in the fall with the aim of expanding its geographic reach and increasing its platform with complementary market partners. Cube itself was then acquired from Bregal Milestone in March by European investor Hg, which is committed to expanding its global presence through organic growth and acquisitions.

Thomas Martin, Director at Hg, comments: “We welcome Nick and his team as we continue to build a leading provider of regulatory intelligence to financial institutions around the world. »