About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Corlytics Targets Regulatory Risk Value Chain with Clausematch Acquisition

Subscribe to our newsletter

Last week’s acquisition of Clausematch by Corlytics aims to create a comprehensive offering that manages the entire regulatory management value chain. The combination of Corlytics’ intelligent regulatory content with Clausematch’s expertise in smart contracts will allow the new entity to help clients throughout the regulatory risk value chain, from regulatory monitoring and regulatory change management, through to policy management.

The combination of the two firms is intended to elevate Corlytics’ existing offer for Tier 1 organisations, including global banks such as ING, insurers such as SCOR and regulators such as FINRA. The acquisition, which follows Corlytics’ acquisition of ING SparQ in January,  brings the combined number of clients to 80, including 14 of the world’s top 50 banks.

For these and other major institutions, the combined offering is expected to help deep their ability to manage policies and complete attestation, through the combination of Corlytics’ intelligent regulations and regulatory data, and Clausematch’s  ability to create, maintain and map intelligent regulatory documents and policies.

Corlytics CEO John Byrne will continue as CEO of the enlarged group. Clausematch founder and CEO Evgeny Likhoded will assume the newly created position of president of Corlytics, and will be responsible for Corlytics’ strategic client relationships.

According to Likhoded, “By combining and accelerating our products and client relationships, we will drive a revised compliance operating model and unlock new value for our esteemed clients, redefining the RegTech landscape. Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally and be able to provide compliance attestations in a single platform.”

Both companies have made significant investments into AI and Machine Learning through the work they’ve done directly with global regulators and their clients. The acquisition will bring both teams’ years of development and proprietary AI models enabling classifying, tagging and mapping regulatory content to help with making sense of the regulatory and compliance content.

The acquisition positions Corlytics as a partner not only for regulatory monitoring and compliance operations, but also in supporting regulatory attestation within the entire governance, risk and compliance (GRC) and enterprise risk management (ERM) universe. Corlytics augments firms’ existing investments in GRC and ERM, using intelligent data to make regulatory compliance management more effective and efficient.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and...

BLOG

Regulatory Reporting – 14 to Watch in 2024 – (EU/APAC)

Growth in the global capital markets is being driven largely by the increasing interconnectedness of global economies. This allows for more cross-border trading activity and the creation of new asset classes and investment strategies. New markets are being created, and access to existing markets is expanding. Regulatory reporting functions are facing intense pressure as they...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Hosted/Managed Services

The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can...