The International RegTech Association (IRTA) has appointed Ben Richmond, founder and CEO of CUBE, as its CEO.
Richmond, who is the first chief executive of the industry body, will responsible for managing IRTA’s global operations and expansion.
Having founded and grown a number of businesses in the sector over the past twenty years, Richmond is now a recognised expert in regulatory compliance automation according to the associated. He was instrumental to the launch of the IRTA through his role as chapter president for the UK and Ireland
Subas Roy, global chair of the IRTA, said: “Appointing a management team is key to the evolution of the IRTA, and to the execution of our mission and purpose. As chief executive, Ben is committed to executing the IRTA strategy internationally during its next stage of growth. He is ideally positioned to lead the team, given his expertise in financial services, RegTech and business management.”
In 2011, Richmond founded Cube Global, an artificial intelligence-driven RegTech company. The RegTech solution provides an automated approach to identifying, analysing and monitoring global regulatory requirements to automate risk and compliance processes. It claims to be responsible for establishing the world’s first automated Regulatory Data Service that monitors every regulatory source globally.
“The IRTA is the only non-profit membership association with a mandate to build a truly global RegTech ecosystem, which will benefit extensively from shared knowledge and experience,” Richmond added. “I am excited to be leading the team that will make this happen, and looking forward to working with individuals and established regional RegTech groups to achieve common goals.”
Formed in June last year, the IRTA is a community of individuals and organisations, with a shared vision to innovate, advance and influence the future of RegTech. Sponsored and funded by its members, the association exists to ease and accelerate the evolution of the global RegTech ecosystem, through integration, collaboration, and knowledge-sharing.
At the heart of the IRTA is the executive board – a leadership team comprising 23 RegTech, legal and compliance experts, academics, bankers, practitioners and visionaries, which is committed to the secure and successful deployment of RegTech, across all regions.
One of the executive board members, Matt Elton, previously discussed how investors can differentiate the good from the not so good when investing in RegTech. In a research interview with RegTech Analyst, Elton said: “Just because it is shiny, high tech, and is labelled ‘AI or Blockchain’ it doesn’t necessarily mean it’s a good investment.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
