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{{short description|Regulatory risk intelligence firm}} |
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Revision as of 05:21, 1 June 2020
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (December 2018) |
| Company type | RegTech |
|---|---|
| Industry | Financial technology |
| Headquarters | Dublin , Ireland |
Key people | John Byrne |
Number of employees | 50 |
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.
History
The company was set up in 2013 in Dublin, Ireland by CEO, John Byrne.[2] It is a privately held company.
In 2016, the company obtained a €1 million investment [3] 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.
In 2017, Kernel Capital invested in a second round, taking a €1.9m stake in Corlytics.[4] In addition, Infinity Capital invested €750,000 in the company.[5] This resulted in, Niall Olden, managing partner of Kernel Capital and Cyril McGuire,[6] CEO of Infinity Capital, joining the company's board.[7]
In 2017, Corlytics expanded its leadership team,[8] appointing Tom Kenny as Chief Financial Officer.[9] Also appointed were Peter Oakes and David Bundi,[10] and Thomson Reuters’, Stacey English [11] to its global advisory board.
Locations
Headquartered in Dublin, Corlytics also maintains offices in, London, New York City, Boston and Sydney.
Customers and Partners
In 2017 Corlytics worked with UK regulator the Financial Conduct Authority (FCA) to create the world’s first intelligent regulatory handbook.[12] In 2017, law firm, Allen & Overy selected Corlytics for its Fuse Programme, a technology start-up initiative.[13]
Corlytics also holds partnerships with Archer Experts,[14] Digital Reasoning [15] and Duff & Phelps. In 2018, Corlytics worked with Duff & Phelps on its annual Global Enforcement Review report.[16]
Services
Corlytics uses analytics to assess the impact of each piece of regulation. Corlytics breaks each enforcement action into 160 different data points to allow machine readable insights and comparisons across regulators. Corlytics’ services included regulatory monitoring, taxonomy mapping and regulatory advisory services.[17]
Certifications and awards
In 2017, Corlytics won the RegTech Award for best analytics solution to address capital requirements/liquidity risk.
In 2017, Corlytics was listed on the RegTech 100 list compiled by FinTech Global.
References
- ^ Finextra. "Corlytics helps create 'intelligent' rule book for FCA", Finextra, London, 27 September 2017. Retrieved on 10 October 2018.
- ^ Smith, Martin. "Navigating the Shifting Seas of Global Government Oversight", [Stanford Graduate School of Business], Stanford, 8 March 2018. Retrieved 10 October 2018.
- ^ Whelan, Micéal. "Corlytics Secures €1 million Investment and Plans to Double Staff Numbers", [University College Dublin], Dublin, 8 June 2015. Retrieved 10 October 2018.
- ^ The Lawyer. "Bank of Ireland Kernel Capital Growth Fund leads €3m investment in Corlytics", [The Lawyer], London, London, 18 January 2017. Retrieved on 10 October 2018.
- ^ Hunt, Gordon. "Kernel of truth in Corlytics’ solutions after €3m fund success", [Silicon Republic], Dublin, 16 January 2017. Retrieved on 10 October 2018.
- ^ McLoughlin, Gavin. "Entrepreneurs Barry and McGuire part of €3m fundraising for Corlytics", [Irish Independent], Dublin, 8 January 2017. Retrieved on 10 October 2018.
- ^ Hunt, Gordon. "Cork company raises €2.2m to fight against infectious disease", [Silicon Republic], Dublin, 1 June 2017. Retrieved on 10 October 2018.
- ^ Financial IT. "CORLYTICS EXPANDS THE LEADERSHIP TEAM IN AGGRESSIVE GROWTH DRIVE", [Financial IT], London, 23 March 2017. Retrieved on 10 October 2018.
- ^ Brennan, Joe. "Corlytics appoints Tom Kenny as finance chief", [Irish Times], Dublin, 2 November 2017. Retrieved on 10 October 2018.
- ^ Finextra. "Oakes and Bundi joins Corlytics advisory board", Finextra, London, 10 August 2017. Retrieved on 10 October 2018.
- ^ Finextra. "Corlytics appoints Thomson Reuters’ Stacey English to the UK Board", Finextra, London, 18 September 2017. Retrieved on 10 October 2018.
- ^ Finextra. "Corlytics helps create 'intelligent' rule book for FCA", Finextra, London, 27 September 2017. Retrieved on 10 October 2018.
- ^ Hooper, Rebecca. "First group of tech companies confirmed to work in Fuse from September", Allen & Overy, London, 24 August 2017. Retrieved on 10 October 2018.
- ^ Financial IT. "CORLYTICS PARTNERS WITH ARCHER EXPERTS TO GIVE REGULATED FIRMS A RISK WEIGHTED VIEW OF COMPLIANCE", [Financial IT], London, 27 June 2018. Retrieved on 10 October 2018.
- ^ Institutional Asset Manager. "Corlytics teams with Digital Reasoning to boost conduct risk detection for global financial institutions", [Institutional Asset Management], London, 10 May 2018. Retrieved on 10 October 2018.
- ^ Hedge Week. "UK post-crisis low in penalty amounts against individuals bucks global trend of 2017", [Hedge Week], London, 4 October 2018. Retrieved on 10 October 2018.
- ^ Finextra. "Corlytics releases regulatory taxonomy mapping platform", Finextra, London, 26 March 2017. Retrieved on 10 October 2018.