By: 7 May 2024

Corlytics, leader in regulatory intelligence, content and automated policy compliance has acquired a digital RegTech platform from Deloitte UK

Regtech consolidator Corlytics acquires Deloitte UK platform

Corlytics, the regulatory intelligence and policy compliance technology organisation, has acquired a digital regtech platform from Deloitte UK. The announcement closely follows Verdane’s majority stake investment last month.

Corlytics’ solution enables clients to align with, and stay ahead of, regulatory demands, which increasingly require growing levels of proof of compliance. This Deloitte UK regtech platform and its unique capabilities add to Corlytics’ capabilities from interpreting regulatory change, to mapping policies and now to controls – empowering users to find, interpret, understand and accurately implement regulatory change. It will extend Corlytics’ coverage in Europe and the US, and provide the capability to further augment the Corlytics platform for organisations in financial services, as well as sectors such as big tech and pharma.

Corlytics chief executive officer John Byrne said: “This is a transformational acquisition for clients. The RegTech market is growing and evolving fast, and Corlytics is positioned at the forefront. We continue to seek opportunities for sustainable expansion and consolidation, and are thrilled to incorporate this Deloitte UK platform and associated team.

“Deloitte UK has been using our intelligent data for five years now, and I’m thrilled to take this relationship to the next level. Our ambition goes beyond intelligent data solutioning – we aim to establish a new horizon and set a new standard for how compliance is managed.”

Deloitte UK partner and head of regtech Kent Mackenzie will join Corlytics as Chief Operating Officer.

He added: “The Corlytics business and this Deloitte UK RegTech platform are hugely complimentary, and as a combination can offer a truly unique, end-to-end platform in the market. This is a gamechanger for our clients and the industry. Together, we can completely address the critical challenges clients are desperate to solve, and elevate the value and intelligence placed on regulatory content and management.”

Cindy Chan, managing partner for risk advisory at Deloitte UK, said: “Having built this platform from scratch over the last eight years, we are extremely proud of the growth the team has achieved and the service that has been delivered to our clients. Following the approach from Corlytics to buy the platform, we feel that this sale offers the best opportunity for the team to continue to grow the business and develop their careers.”

Image: Corlytics

Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.