Corlytics

Corlytics

regtech | governance | compliance | risk management
website linkedin address
  • FOUNDING YEAR: 2013
    LOCATION:
    Ireland
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Australia, Ireland, United Kingdom, United States of America
    Company priority:
    We're on to something big this year!

Description

Corlytics is a SaaS-based platform that provides a compliance risk analysis services for financial institutions. The platform enables banks to minimize regulatory breaches by using predictive risk analytics applications to evaluate, benchmark, and manage market risk.
Corlytics is the world leader in regulatory risk intelligence. Positive regulatory outcomes are of enormous benefit to regulators, regulated firms and their clients. Corlytics uniquely analyses enforcement data and other important regulatory information. This helps all stakeholders achieve better regulatory planning and execution, by providing evidence based intelligence. We do this by providing a unique multidisciplinary team of legal analysts, risk professionals and data scientists. Our intelligence is used by regulators, financial institutions and their advisors on a global basis.

FOCUS


PRODUCTS & SERVICES:
Corlytics, with the help of artificial intelligence and intelligent search technology based on its taxonomy, helps users easily discover and find regulatory information as per their requirements. This intelligent search engine can help lawyers, compliance officers, risk analysts, banking executives or smalls firms to improve compliance by finding relevant data and insights without tedious manual processes.
MAIN CLIENTS:
Clients from regulated industries including financial institutions as well as regional and global regulators and legal advisors to financial institutions.
PRIMARY PROBLEM SOLVED:
Corlytics has developed a global taxonomy that structures enforcement notices enabling you to look across jurisdictions for common trends and patterns. This global intelligence means we can pick out emerging trends that are otherwise invisible.
INTELLECTUAL PROPERTY:
Patent(s) not Filed
PRODUCTS & SERVICES:
Corlytics is the world leader in determining of regulatory risk impact. Corlytics works in partnership with banks, regulators and eminent financial institutions globally. Enabling a more transparent and stable financial system through greater regulatory planning. By delivering world class regulatory risk data and analytics, it empowers its partners to make transformational, informed, positive choices. It uses a combination of artificial and human intelligence to categorise and organise regulatory notices and when required, internal firm data, into highly structured relevant information. Allowing regulated firms to protect themselves from unexpected exposures and fines. Corlytics enables high performance in the financial services market. It is at the very forefront of the regulatory intelligence revolution, delivering 360-degree intelligence through its four different professions – leading data scientists, seasoned technologists, proven banking risk practitioners and expert lawyers. Corlytics measures, predicts and calculates regulatory outcomes and impact. Providing evidence in real time. It enables partners to optimise investment in compliance and risk management using a risk based prioritised approach.
REVENUE MODEL:
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TOP PROBLEM SOLVED:
Corlytics has developed a global taxonomy that structures all regulatory notices enabling you to look across jurisdictions for common trends and patterns. This global intelligence means we can pick out emerging trends that are otherwise invisible. In 2017, Corlytics helped develop the world’s first intelligent regulatory handbook for the UK’s Financial Conduct Authority (FCA). The FCA handbook is used by thousands of regulated financial institutions and their advisers daily. It contains binding regulatory obligations and guidance for firms on handbook editorial. Corlytics has worked with the team at the FCA to apply a central, common taxonomy to all regulations. Having put this in place, the existing material in the handbook can be tagged and machine read. This allows for a much more user friendly search and navigation experience.
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
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KEY DIFFERENTIATORS
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PRIMARY CUSTOMER TYPE
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PRODUCT ATTRIBUTES
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STRATEGIC CLIENTS AND PARTNERSHIP
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PEOPLE


FOUNDERS:
John Byrne
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Infinity Capital, Kernel Capital, Enterprise of Ireland
KEY EMPLOYEES:
John Byrne(CEO); David Varian(CFO); Liam Griffin(CCO)
FOUNDERS:
John Byrne
NUMBER OF EMPLOYEES:
11-50
KEY EMPLOYEES:
CEO: John Byrne
CTO: Ray O'Donnell
General manager: Mike O'Keeffe
Head of Legal: Rory Flynn
COO: John Keane
CFO: Tom Kenny
VP Product Manageent: Kevin O'Leary
Director EMEA Sales: Severine Melis-Cooper
Head of Marketing: Brigid Byrne
Head of North America: Ken Hartlage
CCO: Liam Griffin
TEAM COMMENT:
Viewable by subscribers only
BOARD MEMBERS:
John Byrne, Peter Ledbetter, Cyril McGuire, Denis Marnane, Alan Mullen, Niall Olden
ADVISORS:
Stacey English, David Bundi, Peter Oakes

TRACTION


VALUATION / MARKET CAP:
$14.61 MM in 2017
COMMENT:
The company has recently launched an application, called Corlytics Red, which provides a constantly updated feed of global regulatory updates. (Nov. 2018)
ANNUAL REVENUE:
€$1.0M - $4.99M in 2017
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS/ACCOUNTS:
700 in 2016
ACTIVE USERS COMMENT:
Corlytics adds value across first line, second and third lines of defence within regulated firms. Are users typically use the applications globally across US, European and APAC regulators, providing a unique global risk view. We do this by providing a unique multidisciplinary team of legal analysts, risk professionals and data scientists. Our intelligence is used by regulators, financial institutions and their advisors on a global basis.
LIVE USERS/TRANSACTIONS:
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CHANNEL STATUS
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NUMBER OF CLIENTS OR PAYING CUSTOMERS:
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MOMENTUM


FUNDED:
YES
TOTAL FUNDING:
$15.86 Millions
DATE OF LAST FUNDING:
Nov 2018
SEED & PRIOR FUNDING:
$1.13 Millions
SEED CLOSED ON:
Jun 2015
FUNDING SERIES:
SERIES A
$14.73 Millions Closed: Nov 2018
LISTED:
NO
FUNDING COMPLETED:
Viewable by subscribers only
FUNDED:
YES
TOTAL FUNDING:
$6.5 Millions
LISTED:
Viewable by subscribers only
FUNDING SERIES:
Series A
Dec 2016
$6.5 Millions
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Comment on Series A
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Comment on Valuation
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Investors
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FOR INVESTORS

FUNDING NEEDED
€100 K

LATEST RESEARCH


Innovation Programmes

FUSION
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