Corlytics

{{short description|Regulatory risk intelligence firm}}

{{Multiple issues|

{{Orphan|date=May 2019}}

{{notability|1=Companies|date=December 2018}}

{{coi|date=March 2023}}

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{{Use dmy dates|date=January 2020}}

{{Infobox company

| name = Corlytics

| logo =

| type = RegTech

| industry = Financial technology

| fate =

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| hq_location_city = Dublin

| hq_location_country = Ireland

| area_served =

| key_people = John Byrne

| products =

| owner =

| num_employees = 130

| num_employees_year =

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}}

Corlytics Ltd. is a regulatory risk intelligence firm. The firm works with global regulators,{{cite web|url = https://www.finextra.com/pressarticle/70869/corlytics-helps-create-intelligent-rule-book-for-fca | title = Corlytics helps create 'intelligent' rule book for FCA | website = Finextra | place = London | date = 27 September 2017 | accessdate = 10 October 2018}} financial institutions and their advisors to provide data and analytics to inform future risk management. Headquartered in Dublin, Corlytics also maintains offices in, London, New York City, Boston and Sydney. It is a privately held company.

Corlytics uses analytics to assess the impact of regulation. Corlytics’ services included regulatory monitoring, taxonomy mapping and regulatory advisory services.{{cite web|url = https://www.finextra.com/pressarticle/73209/corlytics-releases-regulatory-taxonomy-mapping-platform/wholesale | title = Corlytics releases regulatory taxonomy mapping platform | website = Finextra | place = London | date = 26 March 2017 | accessdate = 10 October 2018}} In 2016, the company obtained a €1 million investment{{cite web | last = Whelan | first = Micéal | url = http://www.ucd.ie/innovation/newsevents/news/2015/june/corlyticssecures1millioninvestment | title = Corlytics Secures €1 million Investment and Plans to Double Staff Numbers | work = University College Dublin | date = 8 June 2015 | accessdate = 10 October 2018}} round through the Bank of Ireland Seed and Early Stage Fund, which is managed by Kernel Capital, with co-investors Enterprise Ireland, Angel Investors and company founders.{{fact|date=March 2023}}

History

The company was set up in [https://a-teaminsight.com/blog/corlytics-regulatory-risk-intelligence-adds-new-dimension-to-compliance-2/ 2013] in Dublin, Ireland by CEO, John Byrne.{{citation |last=Smith |first=Martin |title=Navigating the Shifting Seas of Global Government Oversight |date=8 March 2018 |url=https://www.gsb.stanford.edu/insights/navigating-shifting-seas-global-government-oversight |place=Stanford |via=Stanford Graduate School of Business |accessdate=10 October 2018}}

In 2017, [https://www.kernel-capital.com/ Kernel Capital] invested in a second round, taking a €1.9m stake in Corlytics.{{cite web|url = https://www.thelawyer.com/bank-ireland-kernel-capital-growth-fund-leads-e3m-investment-corlytics | title = Bank of Ireland Kernel Capital Growth Fund leads €3m investment in Corlytics | website = thelawyer.com | place = London | date = 18 January 2017 | accessdate = 10 October 2018}} In addition, Infinity Capital invested €750,000 in the company.{{cite web| last = Hunt | first = Gordon | url = https://www.siliconrepublic.com/start-ups/fintech-kernel-corlytics-infinity | title = Kernel of truth in Corlytics' solutions after €3m fund success | website = siliconrepublic.com| place = Dublin | date = 16 January 2017 | accessdate = 10 October 2018}} This resulted in Niall Olden, managing partner of Kernel Capital, and Cyril McGuire,{{cite web|last = McLoughlin | first = Gavin | url = https://www.independent.ie/business/technology/entrepreneurs-barry-and-mcguire-part-of-3m-fundraising-for-corlytics-35348094.html | title = Entrepreneurs Barry and McGuire part of €3m fundraising for Corlytics | work = Irish Independent | place = Dublin | date = 8 January 2017 | accessdate = 10 October 2018}} CEO of Infinity Capital, joining the company's board.{{cite web|last = Hunt| first = Gordon |url = https://www.siliconrepublic.com/start-ups/altratech-funding-kernel | title = Cork company raises €2.2m to fight against infectious disease | website = siliconrepublic.com| place = Dublin | date = 1 June 2017 | accessdate = 10 October 2018}}

In 2017, Corlytics appointed Tom Kenny as Chief Financial Officer.{{cite web| last = Brennan | first = Joe | url = https://www.irishtimes.com/business/financial-services/corlytics-appoints-tom-kenny-as-finance-chief-1.3277695 | title = Corlytics appoints Tom Kenny as finance chief | work = Irish Times | place = Dublin | date = 2 November 2017 | accessdate = 10 October 2018}}

In 2023, [https://www.independent.ie/business/technology/corlytics-acquires-ing-sparq-in-5m-deal/42313008.html Corlytics acquired ING SparQ from ING].{{Cite web |date=2023-01-25 |title=Corlytics acquires ING SparQ in €5m deal |url=https://www.independent.ie/business/technology/corlytics-acquires-ing-sparq-in-5m-deal/42313008.html |access-date=2024-07-18 |website=Irish Independent |language=en}}

In 2023, [https://www.irishtimes.com/technology/2023/07/05/regulatory-software-group-corlytics-acquires-uks-clausematch-for-undisclosed-sum/ Corlytics acquired the regulatory technology company Clausematch].{{Cite web |date=2023-01-25 |title=Corlytics acquires ING SparQ in €5m deal |url=https://www.independent.ie/business/technology/corlytics-acquires-ing-sparq-in-5m-deal/42313008.html |access-date=2024-07-18 |website=Irish Independent |language=en}}

In 2024, [https://finance.yahoo.com/news/global-regtech-software-consolidator-corlytics-100000192.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAHQ3AUDlBQPon6ucsOMKn174eeZbLoeJVopBcgBTwGq12dTMRmpsUmVu7_BKBG4XbV9TQ8z83N6JS8TfdskzkmQNyJfhjvRiCNXPYwQRC0Z8Zmjjx4KLBQ1rEIDn_7PdH-SXtKgx6F39L5B_HhYha9xfR1eNmXVFZwzCfIw-Zxpv Corlytics receives significant investment from Verdane].{{Cite web |date=2024-04-09 |title=Global RegTech Software Consolidator Corlytics Receives Significant Investment Backing From Verdane to Continue Category Leadership |url=https://finance.yahoo.com/news/global-regtech-software-consolidator-corlytics-100000192.html |access-date=2024-07-18 |website=Yahoo Finance |language=en-US}}

In 2024, [https://www.irishtimes.com/business/2024/05/07/corlytics-buys-regulatory-technology-platform-from-deloitte-uk/ Corlytics acquired Deloitte Reghub].{{Cite news |last=Mullan |first=Elaine |date=7 May 2024 |title=Corlytics buys regulatory technology platform from Deloitte UK |url=https://www.irishtimes.com/business/2024/05/07/corlytics-buys-regulatory-technology-platform-from-deloitte-uk/ |url-status= |archive-url= |archive-date= |access-date=7 May 2024 |work=The Irish Times |pages=1 |language=en}}

In 2024, [https://fintech.global/2024/12/11/corlytics-expands-reach-with-new-compliance-corylated-platform/#:~:text=Compliance%20Corylated%20aims%20to%20serve,%2C%20and%20data%2Ddriven%20analysis. Corlytics expands with the new Compliance Corylated platform] [https://www.compliancecorylated.com/ Compliance Corylated] is an editorially independent media service reporting on a range of compliance news and powered by data from the Corlytics platform.