Irish Enterprise Awards 2020

ABOUT CORLYTICS The volume and pace of global regulatory change is the single biggest challenge facing compliance teams in financial services firms. Over a thousand regulatory bodies worldwide publish hundreds of developments every day impacting rulebooks, codes and legislation firms must comply with as well as in-house obligations and policies. The penalties for regulatory non-compliance are significant with the industry facing billions in fines, enforced cessation of business plus senior managers accountability for breaches. Before firms can action, implement or provide assurance on regulatory change, they face the challenge of: Keeping track of regulatory updates Making sure regulatory information reaches its intended internal destination on time Determining relevance and prioritisation of updates, including exposures to regulatory risk CORLYTICS STRUCTURES, RATES AND VISUALISES REGULATION. Corlytics monitors, structures and maps complex global regulatory information to organisational frameworks, providing timely, relevant information directly to business areas. Corlytics enriches the information with regulatory risk intelligence and analytics enabling firms to plan and prioritise compliance and monitoring activities and determine exposure to regulatory risk. The complex regulatory information is visualised within practical, powerful interactive dashboards. By treating regulation as a risk, Corlytics unique AI-driven data, analytics and insights enable firms to plan and prioritise compliance activities. As the world’s single source of global regulatory enforcement data it provides hard facts, risk ratings and emerging trends on controls, penalties and areas of exposure to support compliance monitoring and peer firm analysis. Corlytics real-time coverage tracks and consolidates relevant notices and enforcements supporting timely and robust regulatory change-management processes while reducing the time required to perform initial impact assessments. Corly