A digital RegTech platform was purchased by Corlytics, an Irish firm headquartered in Dublin that specializes in policy compliance and regulatory intelligence, from Deloitte UK.
The deal’s total value was not made public.
As a result of the purchase, Corlytics will provide more products.
The group provides services to investment managers, payment processors, insurers and re-insurers, and 14 of the top 50 worldwide banks.
About Corlytics
Corlytics is a RegTech (regulatory technology) company led by CEO John Byrne that offers a platform for managing changes to compliance, risk, legal, and audit teams worldwide as well as the whole regulatory risk value chain. Connected directly to global regulators, the system automatically searches the market for changes in regulations, offers a focal point for managing and regulating compliance and changes in regulations throughout the company, and integrates all of this with workflow traceability from beginning to finish.
“This is a transformational acquisition for clients. Leading the way in the rapidly expanding and changing RegTech space is Corlytics. We are excited to integrate this Deloitte UK platform and related personnel as we continue to look for possibilities for sustainable growth and consolidation.”
John Byrne
About Deloitte
Founded in 1845 ,Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and legal services with approximately 457,000 employees globally, and operates in over 150 countries. In FY 2023, the network earned revenues of US$64.9 billion in aggregate. The firm has sponsored a number of activities and events including the 2012 Summer Olympics.
