RegTech specialist Clausematch has been bought by Corlytics, here’s the word;
This strategic acquisition creates an unparalleled platform that manages the entire regulatory risk value chain on a global scale, elevating Corlytics’ extensive offer for Tier 1 organisations including global banks such as ING, insurers such as SCOR and regulators such as FINRA.
- Deepening customers’ ability to manage policies and complete attestation, it marks a breakthrough poised to re-define what excellence looks like in the RegTech market
- Years in the making, the breakthrough has been made possible by combining best-in-class technologies and IP to elevate the offering
- The news comes hot on the heels of the ING SparQ acquisition in January
Already an undisputed leader in RegTech, this latest addition to the Corlytics family positions the newly formed Group as a global pacesetter. Further ambitious growth is planned over the next two years as the global RegTech market is estimated to grow at CAGR of 53%.
Corlytics’ proven intelligent regulations and regulatory data, now combined with the Clausematch capability of creating, maintaining and mapping intelligent regulatory documents and policies, marks a breakthrough for the RegTech industry. A point of acceleration following years of learning and development, Corlytics has brought together its suite of best-in-class technologies and IP to make this possible.
The expanded Corlytics Group offering manages the entire regulatory management value chain from regulatory monitoring, regulatory change management, policy management to attestation. The Group operates at global Tier 1 organisations. Plugged directly into international regulators, Corlytics is the only solution that enables clients to align with, and stay ahead of, regulatory demands that now include growing levels of proof of compliance.
Clausematch founder and CEO Evgeny Likhoded will take up the newly created position of President of Corlytics. Tasked with partnering with clients that are the world’s largest banks, insurers and payment companies, Likhoded will be responsible for ensuring that Corlytics can act as a strategic partner to solving clients’ regulatory technology challenges and managing the scope of Corlytics’ portfolio of solutions accordingly. The acquisition brings the combined number of clients to 80, including 14 of the world’s top 50 banks. Meanwhile, John Byrne will be driving the vision, growth strategy and profitability as CEO of the enlarged group.
Be the first to comment