Corlytics, a leading global RegTech consolidator, is set to further strengthen its presence in the US market with a significant expansion and the appointment of a new leadership team across all major functions.
This strategic move underscores the company's commitment to North America, its most crucial market. The newly appointed US leadership team will be headed up by industry veteran, Aidan Houlihan formerly of Napier.ai and BNY Mellon.
Houlihan, newly appointed head of North America commented, “Corlytics boasts over 100 clients globally spanning banking, insurance and payments solutions. Having successfully grown to become the pre-eminent regulatory technology player in the market.
It is widely recognised as having the most comprehensive proposition, linking regulations to risks, policy development and attestation. Far from resting on our laurels, we are planning further innovative developments and acquisitions. This will allow our clients and financial institutions globally, to have the most robust and compliant systems possible. Our plan is to go far beyond compliance and risk management to develop a deep understanding to use analytics as a business advantage.”
Following a very significant investment from Verdane earlier this year, Corlytics continues its ambitious growth trajectory following major acquisitions in the last 12 months, including Deloitte’s RegTech platform in May, ClauseMatch, and ING’s SPARQ in 2023.
This expansion builds on the momentum from the recent addition of three C-level executives: Steve Barnes as Group Technology Officer, Dr. Oisin Boydell as Chief Data Officer, and Ray O’Donnell as Chief Tech Architect.
Since 2018, Corlytics has been a significant player in the US, working with 40% of the top 30 Systemically Important Financial Institutions (SIFI) globally. Having established a dominant position in the European and US markets across major financial centres including Dublin, Edinburgh, Frankfurt, London, and New York, this growth plan positions the US as the focal point for Corlytics' expansion in 2024 and beyond.
John Byrne, CEO and founder of Corlytics, stated, “We have created Corlytics Group, integrating our industry-leading regulatory and compliance intelligence businesses. Our major investment in the US reinforces North America as our key market. I am proud that we have grown our existing talented team and attracted a further A-team of seasoned professionals from top industry players to drive our ongoing leadership on the ground. The next 12 months at Corlytics will be transformative for the world’s largest financial services firms, enabling them to seamlessly comply with and implement ever-changing regulations.”