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Automated regulatory intelligence company CUBE has agreed to acquire agentic AI compliance specialist Kodex AI. Terms of the acquisition were not immediately available.
The acquisition will enable CUBE to leverage Kodex AI’s agentic AI technology to offer “co-worker functionality” for compliance teams to help them keep up with ever-evolving regulations.
Headquartered in Berlin, Germany and founded in 2022, Kodex AI made its Finovate debut at FinovateEurope 2024 in London.
Agentic AI compliance specialist Kodex AI has agreed to be acquired by automated regulatory intelligence company CUBE. Calling the agreement “more than an acquisition,” Kodex AI framed the deal as the “beginning of a new era for regulatory technology” in a statement on the company’s website. The acquisition combines CUBE’s regulatory data and risk capabilities with Kodex AI’s agentic AI technology to offer an AI that is more co-worker than tool to assist compliance teams as they seek to implement ever-evolving regulations. Terms of the deal were not disclosed.
“Combining Kodex AI’s technology leadership with CUBE’s market-leading regulatory and risk data is a once-in-a-lifetime opportunity to redefine the compliance and risk space,” Kodex AI Co-Founder Thomas Kaiser said. “This is the perfect use case for advanced AI, and together we’ll push the boundaries of what’s possible.”
The technology integration, specifically the introduction of co-worker functionality, will automate complex processes, reduce operational costs, and leverage continuous monitoring and proactive updates. This will promote better—and easier—adherence to regulatory requirements. The addition of Kodex AI’s technology will also enable access to richer data sources and broader coverage across jurisdictions.
“Thomas and Claus (Lang) have built an exceptional and disruptive European technology business, pioneering the use of agentic AI through an agent-based architecture to solve regulatory complexities,” CUBE Founder and CEO Ben Richmond said. “Kodex AI is a natural next step in CUBE’s strategy, allowing us to instantly deliver enhanced, AI-based compliance and risk capabilities to our global customers.”
With 1,000 customers in banking, insurance, payments, asset and investment management, and more, CUBE specializes in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM). Founded in 2011, the London-based regtech offers a RegPlatform product portfolio powered by its regulatory AI engine (RegBrain). The technology tracks, analyzes, and monitors laws and regulations in every country to provide always-up-to-date regulatory insights.
Based in Berlin, Kodex AI made its Finovate debut at FinovateEurope 2024 in London. At the conference, the company showed how its AI-powered solution empowers financial professionals to find information, analyze data, and instantly draft reports in minutes rather than days. The company’s specialized Large Language Model (LLM) and Generative AI Agents are designed for financial data, providing a targeted approach that ensures factual intelligence without “hallucinations.” Kodex AI was co-founded in 2022 by Thomas Kaiser (CEO) and Claus Lang (CTO).
Photo by Adam Tamasi on Unsplash
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