Digital compliance platform Apiax has hired former FCA regulatory technology expert Alan Blanchard and opened a new office in London.
Apiax, which is based in Zurich, believes the UK market has a lot of opportunities, particularly with the regulatory complexity through Brexit. In addition to this, the company will participate in the Allen & Overy’s Fuse Accelerator to jumpstart its UK-based operations.
Alan Blanchard previously worked at the Financial Conduct Authority where he was responsible for digitising the regulators handbook to facilitate RegTech. Prior to the FCA, Blanchard worked at LexisNexis where he implemented a digital first strategy within tax and compliance publishing.
Having joined Apiax in March, he will be in charge of business development within the UK market.
Apiax builds digital tools to help cope with regulatory complexity. Financial institutions can leverage Apiax for machine-readable rules on pressing regulatory topics, and customise, manage and deploy these rules easily. The technology offers full transparency and control over rules.
Apiax co-founder Ralf Huber said, “Every successful RegTech startup needs a healthy mix of regulatory expertise, technological prowess and business development skills. With Alan Blanchard, we found a UK representative who brings all of this to the table. And with the return of cross-border complexity, we think the timing for us to open an office in London could not be better.”
Last year, Apiax teamed up with EY to deliver machine-readable regulations to financial institutions. The deal sees Apiax digitise EY’s regulatory content and make it available on their own platform.
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