Ireland-based Corlytics has acquired Clausematch regtech as it continues to expand its offerings.
The company is now able to manage the entire regulatory management value chain. Clausematch’s software-as-a-service platform allows clients to align with regulatory demands, with connections to international regulators facilitating compliance.
Evgeny Likhoded, founder and CEO of Clausematch, is now president of Corlytics. In this role, he will be responsible for managing the firm’s solutions portfolio and ensuring that clients’ regulatory technology challenges are being addressed.
The acquisition follows Corlytics’ acquisition of regulatory monitoring platform ING SparQ in January 2023.
John Byrne, Corlytics CEO, says: “Clausematch has a proven track record as a global regtech leader.We look forward to bringing the regtech industry to the next level of maturity – providing a one-stop-shop regtech solution that meets and exceeds evolving regulatory needs.”
Likhoded comments: “We are proud to join forces with Corlytics on the next stage of our journey. Our clients have been asking for the integration of regulatory content into our platform for a long time. By combining and accelerating our products and client relationships, we will drive a revised compliance operating model and unlock new value for our clients, redefining the regtech landscape.
“Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally and be able to provide compliance attestations in a single platform. It’s a first-of-a-kind offering that does not exist today and it will change how financial services firms manage compliance.”
