Corlytics
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| Company type | RegTech |
|---|---|
| Industry | Financial technology |
| Headquarters | Dublin , Ireland |
Key people | John Byrne |
Number of employees | 130 |
Corlytics Ltd. is a regulatory risk intelligence firm. The firm works with global regulators,[1] financial institutions and their advisors to provide data and analytics to inform future risk management. Headquartered in Dublin, Corlytics also maintains offices in, London, New York City, Boston and Sydney. The company was set up in 2013 in Dublin, Ireland by CEO, John Byrne.[2] It is a privately held company.
Corlytics uses analytics to assess the impact of regulation. Corlytics’ services included regulatory monitoring, taxonomy mapping and regulatory advisory services.[3] In 2016, the company obtained a €1 million investment [4] round through the Bank of Ireland Seed and Early Stage Fund, which is managed by Kernel Capital, with co-investors Enterprise Ireland, Angel Investors and company founders.[citation needed]
In 2017, Kernel Capital invested in a second round, taking a €1.9m stake in Corlytics.[5] In addition, Infinity Capital invested €750,000 in the company.[6] This resulted in Niall Olden, managing partner of Kernel Capital, and Cyril McGuire,[7] CEO of Infinity Capital, joining the company's board.[8]
In 2017, Corlytics appointed Tom Kenny as Chief Financial Officer.[9]
In 2023, Corlytics acquired ING SparQ from ING.[10]
In 2023, Corlytics acquired the regulatory technology company Clausematch.[11]
In 2024, Corlytics receives significant investment from Verdane.[12]
In 2024, Corlytics acquired Deloitte Reghub.[13]
References
[edit]- ^ "Corlytics helps create 'intelligent' rule book for FCA". Finextra. London. 27 September 2017. Retrieved 10 October 2018.
- ^ Smith, Martin (8 March 2018), Navigating the Shifting Seas of Global Government Oversight, Stanford, retrieved 10 October 2018 – via Stanford Graduate School of Business
{{citation}}: CS1 maint: location missing publisher (link) - ^ "Corlytics releases regulatory taxonomy mapping platform". Finextra. London. 26 March 2017. Retrieved 10 October 2018.
- ^ Whelan, Micéal (8 June 2015). "Corlytics Secures €1 million Investment and Plans to Double Staff Numbers". University College Dublin. Retrieved 10 October 2018.
- ^ "Bank of Ireland Kernel Capital Growth Fund leads €3m investment in Corlytics". thelawyer.com. London. 18 January 2017. Retrieved 10 October 2018.
- ^ Hunt, Gordon (16 January 2017). "Kernel of truth in Corlytics' solutions after €3m fund success". siliconrepublic.com. Dublin. Retrieved 10 October 2018.
- ^ McLoughlin, Gavin (8 January 2017). "Entrepreneurs Barry and McGuire part of €3m fundraising for Corlytics". Irish Independent. Dublin. Retrieved 10 October 2018.
- ^ Hunt, Gordon (1 June 2017). "Cork company raises €2.2m to fight against infectious disease". siliconrepublic.com. Dublin. Retrieved 10 October 2018.
- ^ Brennan, Joe (2 November 2017). "Corlytics appoints Tom Kenny as finance chief". Irish Times. Dublin. Retrieved 10 October 2018.
- ^ "Corlytics acquires ING SparQ in €5m deal". Irish Independent. 25 January 2023. Retrieved 18 July 2024.
- ^ "Corlytics acquires ING SparQ in €5m deal". Irish Independent. 25 January 2023. Retrieved 18 July 2024.
- ^ "Global RegTech Software Consolidator Corlytics Receives Significant Investment Backing From Verdane to Continue Category Leadership". Yahoo Finance. 9 April 2024. Retrieved 18 July 2024.
- ^ Mullan, Elaine (7 May 2024). "Corlytics buys regulatory technology platform from Deloitte UK". The Irish Times. p. 1. Retrieved 7 May 2024.
- "Dublin-based Corlytics acquires UK's Clausematch for undisclosed sum". The Irish Times. Retrieved 18 July 2024.