Corlytics

From Wikipedia, the free encyclopedia

Corlytics
Company typeRegTech
IndustryFinancial technology
Headquarters
Dublin
,
Ireland
Key people
John Byrne
Number of employees
50

Corlytics Ltd. is a regulatory risk intelligence firm. The firm works with global regulators,[1] financial institutions and their advisors to provide data and analytics to inform future risk management. Headquartered in Dublin, Corlytics also maintains offices in, London, New York City, Boston and Sydney. The company was set up in 2013 in Dublin, Ireland by CEO, John Byrne.[2] It is a privately held company.

Corlytics uses analytics to assess the impact of regulation. Corlytics’ services included regulatory monitoring, taxonomy mapping and regulatory advisory services.[3] In 2016, the company obtained a €1 million investment [4] round through the Bank of Ireland Seed and Early Stage Fund, which is managed by Kernel Capital, with co-investors Enterprise Ireland, Angel Investors and company founders.[citation needed]

In 2017, Kernel Capital invested in a second round, taking a €1.9m stake in Corlytics.[5] In addition, Infinity Capital invested €750,000 in the company.[6] This resulted in Niall Olden, managing partner of Kernel Capital, and Cyril McGuire,[7] CEO of Infinity Capital, joining the company's board.[8]

In 2017, Corlytics appointed Tom Kenny as Chief Financial Officer.[9] It also appointed Peter Oakes, David Bundi,[10] and Thomson Reuters’, Stacey English [11] to its advisory board.

References[edit]

  1. ^ "Corlytics helps create 'intelligent' rule book for FCA". Finextra. London. 27 September 2017. Retrieved 10 October 2018.
  2. ^ Smith, Martin (8 March 2018), Navigating the Shifting Seas of Global Government Oversight, Stanford, retrieved 10 October 2018 – via Stanford Graduate School of Business{{citation}}: CS1 maint: location missing publisher (link)
  3. ^ "Corlytics releases regulatory taxonomy mapping platform". Finextra. London. 26 March 2017. Retrieved 10 October 2018.
  4. ^ Whelan, Micéal (8 June 2015). "Corlytics Secures €1 million Investment and Plans to Double Staff Numbers". University College Dublin. Retrieved 10 October 2018.
  5. ^ "Bank of Ireland Kernel Capital Growth Fund leads €3m investment in Corlytics". thelawyer.com. London. 18 January 2017. Retrieved 10 October 2018.
  6. ^ Hunt, Gordon (16 January 2017). "Kernel of truth in Corlytics' solutions after €3m fund success". siliconrepublic.com. Dublin. Retrieved 10 October 2018.
  7. ^ McLoughlin, Gavin (8 January 2017). "Entrepreneurs Barry and McGuire part of €3m fundraising for Corlytics". Irish Independent. Dublin. Retrieved 10 October 2018.
  8. ^ Hunt, Gordon (1 June 2017). "Cork company raises €2.2m to fight against infectious disease". siliconrepublic.com. Dublin. Retrieved 10 October 2018.
  9. ^ Brennan, Joe (2 November 2017). "Corlytics appoints Tom Kenny as finance chief". Irish Times. Dublin. Retrieved 10 October 2018.
  10. ^ "Oakes and Bundi joins Corlytics advisory board". Finextra. London. 10 August 2017. Retrieved 10 October 2018.
  11. ^ "Corlytics appoints Thomson Reuters' Stacey English to the UK Board". Finextra. London. 18 September 2017. Retrieved 10 October 2018.