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Draft:Suade Labs

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Suade Labs is a regulatory technology company headquartered in London that provides regulatory reporting software to banks.

Suade is a member of the World Economic Forum’s Global Innovators community[1] and Global Future Council[2], and collaborates with the WEF on research into regulatory technology.[3]

As of 2024, Suade employs approximately 100 people and has offices in London, New York and Singapore.

Services

Suade assists banks and financial institutions to submit regulatory returns to regulators including the European Banking Authority, the Bank of England, and the US Federal Reserve.

Most of Suade's customers use cloud-based software which enables them to receive monthly or weekly software updates.

History

Suade was founded in London in 2014.[4] The company received a European Commission grant in 2015[5] to help create an open-source standard for regulatory reporting, called FIRE (FInancial REgulatory Data Standard).

Suade was listed as one of the 'FinTech50' list of high-potential European fintech firms in 2017.[6]

Suade received funding from the Monetary Authority of Singapore in 2018 and started doing business in Singapore the same year.[7][8]

In 2021, Suade received investment from a panel of investors led by Glenn Hutchins.[9][10]

The company is advised by a panel of regulatory experts[11] including:

References

  1. ^ "WEF". WEF. Retrieved 24 June 2024. {{cite web}}: Text "Suade Labs" ignored (help)
  2. ^ "WEF". World Economic Forum. Retrieved 24 June 2024. {{cite web}}: Text "Suade" ignored (help)
  3. ^ "Suade Labs and the World Economic Forum". Suade Labs. Retrieved 24 June 2024.
  4. ^ "UK Companies House". UK Companies House. Retrieved 21 June 2024.
  5. ^ "Open Data Incubator Europe". Retrieved 24 June 2024.
  6. ^ "Here are the 50 hottest fintech firms in Europe right now". CNBC. 2017-06-07.
  7. ^ "Global RegTech firm, Suade Labs, opens office in Singapore to support its global expansion plans". Suade Labs (Press release). December 2021. Retrieved 21 June 2024.
  8. ^ "TD Securities Continues to Successfully Implement Suade Labs' Solutions for Regulatory Reporting" (Press release). PR Newswire. 2021-12-01. Retrieved 21 June 2024.
  9. ^ "Suade Labs, global RegTech solutions provider, raises strategic funding led by tech investing pioneer Glenn Hutchins" (Press release). PR Newswire. 2021-11-17. Retrieved 21 June 2024.
  10. ^ "Suade Labs raises strategic Series a Funding". Fintech Finance News. 2021-11-17. Retrieved 21 June 2024.
  11. ^ "Financial Market Stress Causes Suade to Launch a Think Tank Featuring Eugene Ludwig & Lyndon Nelson". Fintech Times. 2023-05-15. Retrieved 21 June 2024.
  12. ^ "Bill Coen - KPMG Global". kpmg.com. KPMG. 2024-05-15. Retrieved 21 June 2024.
  13. ^ "Bill Coen". Suade Labs. 2 February 2023. Retrieved 2024-06-21.