Business Wire

Global RegTech Consolidator Corlytics Acquires a Deloitte UK RegTech Platform

Share

Corlytics, the global leader in regulatory intelligence and policy compliance technology, has acquired a digital RegTech platform from Deloitte UK. The marriage of the two platforms is transformational, completing the cycle of regulatory assessment and implementation. The announcement closely follows Verdane’s majority stake investment last month to cement Corlytics’ global category leadership.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507401813/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

John Byrne (Corlytics CEO), Kent Mackenzie (Corlytics COO) (Photo: Business Wire)

Plugged directly into international regulators, Corlytics is the only solution that enables clients to align with, and stay ahead of, regulatory demands, which increasingly require growing levels of proof of compliance.

Syncing up regulatory monitoring and policy management with controls, the addition of this Deloitte UK RegTech platform supports accurate implementation of regulatory change across the lifecycle. This platform and its unique capabilities add considerable breadth and domain expertise to further Corlytics’ capabilities from interpreting regulatory change, to mapping policies and now to controls – empowering users to find, interpret, understand and accurately implement regulatory change.

Corlytics CEO John Byrne said: “This is a transformational acquisition for clients. The RegTech market is growing and evolving fast, and Corlytics is positioned at the forefront. We continue to seek opportunities for sustainable expansion and consolidation, and are thrilled to incorporate this Deloitte UK platform and associated team. Deloitte UK has been using our intelligent data for five years now, and I’m thrilled to take this relationship to the next level. Our ambition goes beyond intelligent data solutioning – we aim to establish a new horizon and set a new standard for how compliance is managed.”

Deloitte UK Partner and Head of RegTech Kent Mackenzie will join Corlytics as Chief Operating Officer.

He added: “The Corlytics business and this Deloitte UK RegTech platform are hugely complimentary, and as a combination can offer a truly unique, end-to-end platform in the market. This is a gamechanger for our clients and the industry. Together, we can completely address the critical challenges clients are desperate to solve, and elevate the value and intelligence placed on regulatory content and management.”

Proven Acquisition and Integration

2023 saw Corlytics make two significant acquisitions – ING SparQ and Clausematch – creating an unparalleled platform that manages the entire regulatory risk value chain on a global scale, elevating its extensive offer for Tier 1 organisations including ING, BNY Mellon, ScotiaBank and SwissRe.

Corlytics continues to invest heavily in innovation, with investments in R&D to date exceeding €65 million.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

liza@milkandhoneypr.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Quectel Receives Prestigious Fortress Cybersecurity Award for Exceptional Contributions to IoT Security29.5.2024 19:49:00 CEST | Press release

Quectel Wireless Solutions, a global IoT solutions provider, is delighted to be recognised as a 2024 Fortress Cybersecurity Award winner by the Business Intelligence Group. The Fortress Cybersecurity Awards honor the world's leading companies and individuals who are at the forefront of cybersecurity innovation. Winners are selected based on their dedication to developing solutions, raising awareness, and defending against the growing threat of cyberattacks. "We are honored to receive the Fortress Cybersecurity Award," said Norbert Muhrer, President and CSO, Quectel Wireless Solutions. "This recognition underscores our dedication to providing secure and reliable IoT solutions that protect our customers' data and operations. As IoT continues to revolutionize industries, ensuring the security of connected devices is more critical than ever. This award is a testament to the hard work and ingenuity of our team." As part of its commitment to cybersecurity, Quectel engaged Finite State, a thi

HTEC Strengthens UK Footprint With Country Directory Appointment29.5.2024 17:33:00 CEST | Press release

HTEC, a global end-to-end digital product development and engineering services company, recently appointed Mark Scrivener as its UK managing director. A strong advocate for human-centric UX initiatives, Mark has a proven track record of driving product innovation and steering digital transformations. As country director, he will focus on refining business strategies, nurturing partnerships, and assembling teams tailored to meet customers’ unique needs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529762632/en/ HTEC appoints Mark Scrivener as its UK managing director (Photo: Business Wire) Since establishing its UK presence in 2018, HTEC has worked with regional organizations across industries, such as CloudNC, to help them design and release innovative products and services. For Mark, adopting forward-thinking strategies, cutting-edge technologies, and embracing a user-centric approach brings a crucial competitive edge.

Car Connectivity Consortium's Global Digital Key Standard Receives Certification from Federal Office for Information Security29.5.2024 17:33:00 CEST | Press release

The Car Connectivity Consortium (CCC), a cross-industry standards organization dedicated to advancing device-to-car connectivity solutions, today announced that the CCC Digital Key™ Applet Protection Profile complies with the standards of the renowned German Federal Office for Information Security (BSI), becoming the only digital key application to receive this security designation. The BSI certification ensures this element of the larger CCC Digital Key architecture meets their highest threshold for security, so device and vehicle OEMs can ensure their users are able to securely and safely access their vehicles, create and delete digital keys, share a digital key with others, and start their vehicle. With digital keys, manufacturers must ensure their implementations are designed to prevent known hardware- and software-based attacks, such as tampering, storage intrusion, cloning, relay attacks, and unauthorized access. “We appreciate how the CCC has incorporated the highest cybersecuri

Cirium’s Emerald Sky Set to Transform Aircraft Emissions and Fuel Burn Data Accuracy29.5.2024 17:00:00 CEST | Press release

Cirium, the leader in aviation analytics, has introduced the industry’s most precise independent standard for measuring aircraft emissions and fuel burn. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529697359/en/ Cirium Emerald Sky (Photo: Business Wire) This groundbreaking and revolutionary methodology analyses each flight's specific aircraft type and design specifications, combined with real-time operational data and flight conditions, ensuring unparalleled accuracy and reliability in emission tracking. Cirium’s Emerald Sky seamlessly integrates Cirium’s comprehensive data, advanced analytics, and innovative techniques to achieve unmatched precision in measuring both current and forecasted CO2 flight emissions. Unlike traditional carbon calculators that depend on broad estimates and loose assumptions – such as using pre-planned routes instead of actual flown paths, and ignoring variables like wind speed and direction

The Trust Gap: Companies value digital trust but little progress is being made to implement it29.5.2024 16:46:00 CEST | Press release

As organisations purse digital transformation, they urgently need to prioritise digital trust to achieve their goals and prepare for future market opportunities, legislation, and regulatory compliance. New research from ISACA, the leading global professional association helping individuals and organisations in their pursuit of digital trust, reveals critical gaps in organisational strategies regarding digital trust. The ISACA State of Digital Trust 2024 report finds that 77% of respondents agree that digital trust is crucial to digital transformation and 82% say digital trust will grow in importance over the next five years. Despite this recognition, almost three quarters (71%) report that their organisation provides no staff training on digital trust and only 21% of organizations are planning to increase their budget for digital trust. Most (76%) business and IT professionals believe digital trust is relevant to their organisation and 65% say it is important that organisations be inde

HiddenA line styled icon from Orion Icon Library.Eye