Corlytics, a leading global player in regulatory intelligence and automated policy compliance, has acquired a groundbreaking digital RegTech platform from Deloitte UK.
The acquisition aims to create a seamless integration of regulatory assessment and implementation technologies.
Corlytics is a trailblazer in the field of regulatory intelligence, providing advanced solutions that help firms align with ever-changing regulatory demands. The company has been instrumental in developing intelligent regulations and taxonomies in collaboration with regulators like the Financial Conduct Authority (FCA).
This acquisition not only broadens Corlytics’ capabilities in policy management but also enhances its controls and compliance frameworks. The integration of Deloitte UK’s RegTech platform will allow Corlytics to expand its services across Europe and the US, further solidifying its position as a leader in the global RegTech market.
The transaction includes the transfer of 17 Deloitte UK RegTech staff members to Corlytics, ensuring a smooth transition and continuity of expertise.
Corlytics CEO John Byrne highlighted the strategic importance of the acquisition: “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.”
Cindy Chan, Managing Partner for risk advisory at Deloitte UK, also remarked: “Having built this platform from scratch over the last eight years, we are extremely proud of the growth the team has achieved and the service that has been delivered to our clients. Following the approach from Corlytics to buy the platform, we feel that this sale offers the best opportunity for the team to continue to grow the business and develop their careers.”
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