Corlytics Expands Regulatory Intelligence Portfolio with Acquisition of Deloitte UK’s RegTech Platform

Discover how Corlytics is expanding its portfolio of regulatory intelligence solutions with the acquisition of Deloitte UK’s RegTech platform, signaling a significant step forward in the evolution of compliance technology and global market leadership.

Corlytics, a leading provider of regulatory intelligence and policy compliance technology on a global scale, has announced its acquisition of a digital RegTech platform from Deloitte UK.

This strategic move closely follows the recent majority stake investment by Verdane, underscoring Corlytics’ commitment to solidifying its position as a global leader in the category.

Renowned for its pioneering work in developing intelligent regulations and taxonomies in collaboration with regulators like the FCA, Corlytics has been at the forefront of the industry. Last year, the company made significant strides with the acquisitions of ING’s SparQ and Clausematch, key policy management technologies. It has emerged as the preferred RegTech partner for some of the largest financial services firms worldwide.

With direct integration into international regulatory bodies, Corlytics stands out as the sole solution empowering clients to not only align with but also stay ahead of evolving regulatory demands, which increasingly mandate higher levels of compliance verification. The addition of Deloitte UK’s RegTech platform and its distinctive capabilities significantly enhances Corlytics’ offerings, spanning from interpreting regulatory changes to mapping policies and now controls. This acquisition extends Corlytics’ reach across Europe and the US while equipping the platform to serve global Tier 1 organizations in financial services and expand into sectors such as Big Tech and Pharma.

John Byrne, CEO of Corlytics, expressed his excitement about the acquisition, emphasizing its transformative impact on clients. He highlighted Corlytics’ positioning at the forefront of the rapidly growing and evolving RegTech market and underscored the company’s ambition to redefine compliance management standards.

Kent Mackenzie, Partner and Head of RegTech at Deloitte UK, will join Corlytics as Chief Operating Officer. He emphasized the synergies between Corlytics’ business and Deloitte UK’s RegTech platform, highlighting the unique value proposition they offer to clients and the industry at large.

Cindy Chan, Managing Partner for Risk Advisory at Deloitte UK, expressed pride in the growth and achievements of the team behind the RegTech platform over the past eight years. She conveyed confidence that the sale to Corlytics presents the best opportunity for the team to further develop the business and advance their careers.

This acquisition marks a significant milestone for Corlytics, further solidifying its position as a powerhouse in regulatory intelligence and compliance technology, poised to drive innovation and excellence in the industry.