Corlytics Continues to Expand Its Global Footprint with Strategic Acquisition
Dublin, Ireland – May 12, 2023 – Corlytics, a leading provider of regulatory technology (RegTech) solutions, today announced the acquisition of Deloitte UK’s RegTech platform. The acquisition positions Corlytics as a key player in the global RegTech market and further strengthens its ability to serve financial institutions worldwide.
Acquisition Highlights:
* Corlytics acquires Deloitte UK’s RegTech platform, including its flagship product, Vigilant.
* The acquisition enhances Corlytics’ product portfolio, expanding its capabilities in regulatory monitoring and reporting.
* Corlytics will benefit from Deloitte UK’s deep expertise in financial regulation and compliance.
* The combined entity will have an expanded customer base in the UK and internationally.
Benefits to Financial Institutions:
* Financial institutions will gain access to a comprehensive suite of RegTech solutions from a single provider.
* Enhanced regulatory monitoring and reporting capabilities will reduce operational complexity and risk.
* Improved compliance with evolving regulatory frameworks will strengthen institutional resilience.
Executive Quotes:
We are delighted to welcome Deloitte UK’s RegTech platform to the Corlytics family, said Garrett Lynch, CEO of Corlytics. This acquisition is a significant milestone in our global growth strategy and further strengthens our position as a leading provider of RegTech solutions.
We are confident that the combination of our platforms and expertise will create a transformative force in the RegTech industry, said Richard Booth, Head of RegTech at Deloitte UK. We are excited to join the Corlytics team and contribute to its mission of empowering financial institutions with innovative regulatory compliance solutions.
The acquisition is expected to be completed in the coming weeks. Financial terms of the transaction were not disclosed.
Kind regards,
N. Bauer