Corlytics beefs up regtech expertise with Deloitte deal

▤ Summary

We continue to seek opportunities for sustainable expansion and consolidation, and are thrilled to incorporate this Deloitte UK platform and associated team.” Founded in 2013, Corlytics is a regulatory risk intelligence firm which works with global regulators, financial institutions and their advisors to provide data and analytics to inform future risk management. At a time when the RegTech market is experiencing rapid growth and evolution, Corlytics recently secured backing for these efforts from Verdane – which purchased a majority stake in the firm to help it transform the way compliance is managed across industries. By integrating Deloitte UK’s platform, Corlytics hopes to offer its clients an even more robust and seamless end-to-end service, from interpreting regulatory changes to mapping policies and controls. The 17 Deloitte UK employees associated with the platform are also set to join the Corlytics team, ensuring a seamless integration and continued growth. Cindy Chan, managing partner for risk advisory at Deloitte UK, commented, “Following the approach from Corlytics to buy the platform, we feel that this sale offers the best opportunity for the team to continue to grow the business and develop their careers.”

▦ Linked Companies

Corlytics

$1M to $5M