Corlytics

Corlytics simplifies the implementation of regulation - clients include ING, BNY Mellon, Scotiabank and Swiss Re. Just as well as looking at SteelEye's recent survey report firms are expecting no slowdown in their regulatory environment. Plus, firms find dealing with the regulators has become much more challenging. 🔑62% of firms expect the volume of fines to increase 🔑69% predict the value of fines to rise in response to regulatory fines for record keeping breaches 🔑37% the main factor driving up these compliance costs is keeping up with ever-changing regulations / More regulation to comply with 🔑49% of respondents believe that technological advancements will play a crucial role in enabling financial firms to meet stricter regulations 👀If you would like to know how Corlytics is working with regulatory compliance teams helping them to better manage their regulatory burden, untangling the red tape and providing horizon scanning and automated workflows then please email 📩insights@corlytics.com for more information and a demo. For full report 👉🏼https://lnkd.in/e6ib7FGb #regtech #compliance #regulatorycompliance

Regulatory inflation is a function of the acceleration of regulatory requirements which brings with it new technical challenges - read on to find out more. 🔸5 x drivers of regulatory inflation 🔸3 x risks of non-compliance 🔸5 x technical regulatory challenges 👀To see how Corlytics helps its financial services clients 📧insights@corlytics.com or contact us for a demo https://lnkd.in/ekXqCQPj https://lnkd.in/enz4Drjk

We are celebrating one of our outstanding alumni, Rory McGrath, who graduated from Queen's Business School with an MSc in Business Analytics. Rory is now thriving as a Senior Presales and Product Consultant at Corlytics. Rory's journey through his course reflects the transformative impact of our curriculum. With modules that included Advanced Analytics & Machine Learning and Data Management, Rory acquired specialist skills essential for success in his current role. Queen's dedication to practical learning and industry collaborations equipped him with real-world insights, setting him apart in the competitive business landscape. Ready to embark on your postgraduate adventure? Find out more about Queen’s postgraduate study: https://ow.ly/nn3r50Rm3Im   #LoveQBS #QBSBusiness

🌐🔗 Corlytics Acquires Regulatory Technology Platform from Deloitte UK! 💼🎉 John Byrne, CEO at Corlytics, 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,” he added. Read more via 📰 The Irish Times 👉 https://lnkd.in/euBVfEZ3 #compliance #technology #growth #regtech #acquisition

🌐🔗 Corlytics Acquires Regulatory Technology Platform from Deloitte UK! 💼🎉 John Byrne, CEO at Corlytics, 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,” he added. Read more via 📰 The Irish Times 👉 https://lnkd.in/euBVfEZ3 #compliance #technology #growth #regtech #acquisition

📢 Company Announcement 📢 : Corlytics acquires Deloitte UK’s RegTech Platform 🚀 🚀 📍 The acquisition marks a significant step in enhancing our regulatory intelligence and compliance services, allowing Corlytics to provide a more integrated approach to regulatory assessment and implementation. 📍 This strategic move also completes the cycle of regulatory assessment and implementation. With this acquisition, Corlytics reinforces its commitment to revolutionising how compliance is managed, offering unparalleled value to clients across financial services and beyond. 📍 By integrating Deloitte UK’s RegTech platform, we aim to facilitate accurate implementation of regulatory changes for our clients, improving their operational efficiency and compliance. 👏 We are also excited to welcome Kent Mackenzie, formerly Global Head of FinTech and RegTech at Deloitte, as our new Chief Operating Officer. His deep expertise will be invaluable as we continue to evolve and expand our services. 📍 This acquisition is supported by Verdane’s recent investment and is in line with Corlytics' growth strategy. We are committed to continually enhancing our offerings and providing our clients with the tools they need to navigate the complexities of regulatory environments effectively. We're grateful to everyone involved in making this acquisition a success, and we look forward to the opportunities this will bring to our clients and partners. #CompanyAnnouncement #RegTech #Compliance #Corlytics #Acquisition #FinancialServices Read more 👇 Link to full story in the comment below👇

🔥 📰 Hot off the press: Corlytics acquires Deloitte UK’s RegTech platform. 🚀 For full story 👉🏼 https://lnkd.in/eW_nhjU8

Good morning. We hope you had a nice weekend. This RegTech X digest's news headlines highlight the importance of operational resilience and risk management. 📍 The Bank of England (BoE) introduced new operational resilience standards for FMIs by March 2025. 📘 European Supervisory Authorities (ESAs) issued their Spring 2024 Joint Committee update on risks and vulnerabilities identifying high risks in the EU financial system. 📕 US Federal regulators have issued fresh guidelines for how community banks should manage third-party risks. 📑 Updates on financial crime and AML include particular vulnerabilities in crypto firms and money laundering, as the UK Treasury said in a May 1 report. 💡 Meanwhile, researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain. 🔴 Canada's anti-money laundering agency said it had imposed its biggest-ever penalty on TD Bank over non-compliance with anti-money laundering (AML) regulations. 🤖 On the technology front, American Express unveiled its approach to generative AI, and Franklin Templeton are advancing in AI technology, while Royal Bank of canada (RBC) supports a new fintech and cybersecurity incubator program. 📈 Last but not least, Royal Park Partners (RPP) released a Quarterly Fintech Market Update providing an important perspective on the M&A and global investment trends influencing the industry. Find more industry news and updates in the full edition of Evgeny Likhoded's RegTech X. Sign up to get it directly in your inbox 👉: https://bit.ly/3QzCRoX Sign up for Corlytics to continue receiving the RegTechX Weekly digest on LN. #regtechx #regtech #compliance #regulation #tech #AI #news #digest

💼 Anti-Money Laundering Regulatory Compliance, article from Pradeep Vancheeswaran, Experion Technologies. Nice to see Corlytics enforcement data in the article. If you would like to know how Corlytics helps its financial institution clients better manage their regulatory compliance contact us for a chat and a demo 👉🏽https://lnkd.in/dk_uW9w 🔑North American financial entities spent nearly $50 billion in 2021 to adhere to regulatory requirements, highlighting the substantial investment needed for compliance. 🔑Global enforcement fines increased to $5.65 billion in Q3 2023, up by 30% since the start of the year 🔑Criminals conduct 97% of money laundering activities through financial institutions, making compliance crucial to avoid penalties and reputational risks. 🔑Importance of AML Compliance: AML compliance ensures the stability and integrity of the financial system, acting as a frontline defense against illicit funds. #regtech #regulatory #aml #antimoneylaundering #regualtorycompliance https://lnkd.in/exaYqwEr

Corlytics are a member of the Emerging Payments Association Asia and are delighted to share this whitepaper on "Cross-border payments and the challenge of regulatory collaboration". To see how Corlytics helps its payment clients 🌎https://lnkd.in/g3jch5r9 or contact us for a demo https://lnkd.in/gsX8V58Z 🎯The report highlights the detrimental effects of regulatory fragmentation on cross-border payments, leading to inefficiencies and increased compliance burdens. 🎯Importance of collaboration - The significance of collaboration among regulatory bodies to streamline cross-border transactions, reduce costs, and enhance financial inclusion. 🎯The need for harmonisation of regulations across jurisdictions is emphasised to create a more conducive environment for cross-border payments. 🎯Technological innovation and the role of technology is identified as a key enabler in addressing regulatory challenges. 🎯The report advocates for enhanced cooperation between public and private sectors, as well as international organisations, to develop standardised frameworks and interoperable systems for cross-border payments. Full paper here 👉🏽https://lnkd.in/gGaABmdK Authored by Dr Brad Pragnell with expert participants - Azrin Azlina Anuar, Camilla Bullock, Carrie Suen, Daranee Saeju, David R. Hardoon, Edna Villa, Jo Yeo, Kah Kit Yip, Kyle Rosen, Lars Sjögren, Ryosuke Ushida, Ser-Jin L., Shriyanka Hore, Le Anh Dzung, Steven Haley, Umar Faruqui and Venga Venkatachalam. Ant Group #payments #paymentregulation #regtech #paytech #regulatory