Corlytics Secures Investment to Spearhead RegTech Innovation
London, United Kingdom – Corlytics, a leading provider of regulatory intelligence and policy compliance technology, has recently announced a significant investment from Verdane, a growth investor specializing in fostering category leaders. This partnership aims to propel innovation and leadership within the RegTech sector.
Navigating Regulatory Complexity
Financial institutions face an ever-changing landscape of regulatory requirements, leading to substantial investments in risk and compliance. Corlytics’ end-to-end platform empowers clients to stay ahead of these demands, seamlessly integrating regulatory horizon scanning, policy management, and attestation.
Innovation as a Cornerstone
Corlytics remains dedicated to innovation, with substantial investments in research and development. Since 2020, the company has experienced 60% annual growth, doubling its customer base. The recent acquisitions of ING SparQ and Clausematch have further solidified its position as a comprehensive platform for regulatory risk management.
Leadership and Growth
John Byrne, Corlytics’ founder and CEO, spoke on the significance of the partnership: “This investment strengthens Corlytics’ market leadership. We eagerly anticipate collaborating with Verdane and leveraging their expertise to accelerate organic growth and pursue strategic acquisitions. Our focus on intelligent content, combining data, software, and AI, will continue to drive RegTech sector consolidation.”
Future Outlook
With this investment, Corlytics aims to further its dominance in regulatory intelligence. The company plans to expand its offerings, invest in technology, and consolidate the RegTech industry. This strategic partnership marks an exciting chapter in Corlytics’ journey, solidifying its position as a pioneer in regulatory compliance.
Priyanka