Corlytics, a prominent global player in regulatory intelligence and policy compliance technology, has significantly strengthened its leadership team with the addition of three key senior appointments.
This strategic move is part of Corlytics’ ambitious growth and scaling strategy, which has been bolstered by a recent £80m capital infusion. The firm aims to enhance its AI-driven offerings and expand its multidisciplinary global technology teams.
Steve Barnes is stepping in as the Group Chief Technology Officer (CTO), effective immediately. With a robust background that includes a recent stint as CTO at AQMetrics and various senior roles at BAE Systems, Barnes brings over twenty years of expertise in technology leadership. His focus will be on advancing technology solutions while upholding stringent security standards.
In a parallel move, Dr. Oisin Boydell has been appointed as the Chief Data Officer, starting August. Dr. Boydell, previously the research director at Ireland’s National Centre for Applied AI (CeADAR), is widely recognized for his contributions to AI research, with more than 24 significant publications in the field. His role will be crucial in leading Corlytics’ AI strategies and implementations across all operational streams.
Additionally, Ray O’Donnell has been promoted from Head of Technology to Group Chief Tech Architect. O’Donnell will be responsible for guiding the technical architecture of all Corlytics platforms, ensuring they meet future requirements as well as current ones.
John Byrne, CEO of Corlytics, expressed his enthusiasm about these developments, stating, “It’s an exciting time to be at Corlytics and we’re proud that we continue to be industry pacesetters. Ray, Steve and Oisin will be pivotal in driving growth and developing next-generation AI and machine-learning technology for our clients. The next 12 months at Corlytics will continue to be a game-changer for the world’s largest financial services firms, enabling them to simply comply and implement ever-changing regulations.”
Corlytics’ continued investment in innovation is evident, with group investments in R&D surpassing €50m. These strategic hires are expected to solidify Corlytics’ position as a global leader, accelerating organic growth and M&A activities, and building on their strong client base, which includes 40% of the top 30 Systematically Important Financial Institutions (SIFI).
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