Regulatory risk intelligence platform Corlytics is reportedly expecting to close a €10m investment by the end of the first quarter.
The RegTech platform hopes to use the capital to extend its global operations and increasing its team to 60 people, according to a report from Institutional Asset Manager. Last year, the startup also secured a €2m investment from the Disruptive Technologies Innovation Fund to support its growth.
Corlytics is a Dublin-based RegTech platform which aims to lower the regulatory risk facing financial institutions. It achieves this by mining intelligence from enforcement notices from all major regulators around the world and provides its clients with predictive analytics to improve decision making around regulatory risk exposure.
In 2018, the company collaborated with Digital Reasoning to help financial institutions to build new detection strategies and address blind-spots in risk coverage. Digital Reasonings offers a conduct surveillance solution to turn all forms of communications and structured data into discoverable, understandable and actionable insights.
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