Aqubix

History and Founding

Aqubix was established in Malta in August 2008 by Kristoff Zammit Ciantar, who remains its CEO. The company initially operated as a general IT consultancy but soon focused on regulatory technology, recognizing the growing need for automated compliance solutions in financial services and gaming. A milestone came in early 2016 when the Mizzi Organisation, a diversified Maltese conglomerate, acquired a 50% stake in Aqubix, giving the firm both capital and strategic backing.

Business Model and Products

Aqubix generates revenue through the sale and licensing of its proprietary software platforms, as well as through bespoke development projects and IT consulting engagements. Its core product suite includes:

- KYC Portal: An award-winning platform that centralizes client due diligence, from onboarding and risk-based questionnaires to ongoing monitoring and regulatory reporting. It integrates with third-party data providers such as ComplyAdvantage, Creditsafe, and Dow Jones Risk & Compliance. - GDPR Auto: A tool designed to automate the operational aspects of GDPR compliance, helping organizations manage data subject requests, consent tracking, and breach notifications. - Online Cabinet: A secure document and file management system suitable for regulated environments.

In addition, Aqubix offers custom solution development, leveraging expertise in business analysis and technical architecture.

Market Position and Clients

The company primarily serves banks, financial institutions, gaming operators, and cryptocurrency firms, both in Malta and internationally. KYC Portal has been recognized by the Malta Chamber of Commerce, winning the "Best KYC & Client On-Boarding Solution" award. Aqubix competes with other RegTech vendors such as ComplyGlobal and various KYC/AML platforms, differentiating itself through modular design, ease of integration, and a customer-centric approach.

Recent Developments and Strategic Direction

Aqubix has consolidated its operations in Malta following the dissolution of its UK sister company, AQUBIX LTD, in 2020. The company continues to expand its client base and enhance its product offerings, with a focus on serving the growing crypto and blockchain sector. As part of the Mizzi Organisation, Aqubix benefits from group synergies while maintaining an independent, agile culture. The team of over 30 employees is described as passionate and dedicated to delivering best-in-class customer service.