LONDON--(BUSINESS WIRE)--May 7, 2024--
Corlytics, the global leader in regulatory intelligence and policy compliance technology, has acquired a digital RegTech platform from Deloitte UK. The marriage of the two platforms is transformational, completing the cycle of regulatory assessment and implementation. The announcement closely follows Verdane’s majority stake investment last month to cement Corlytics’ global category leadership.
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Plugged directly into international regulators, Corlytics is the only solution that enables clients to align with, and stay ahead of, regulatory demands, which increasingly require growing levels of proof of compliance.
Syncing up regulatory monitoring and policy management with controls, the addition of this Deloitte UK RegTech platform supports accurate implementation of regulatory change across the lifecycle. This platform and its unique capabilities add considerable breadth and domain expertise to further Corlytics’ capabilities from interpreting regulatory change, to mapping policies and now to controls – empowering users to find, interpret, understand and accurately implement regulatory change.
Corlytics CEO 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.”
Proven Acquisition and Integration
2023 saw Corlytics make two significant acquisitions – ING SparQ and Clausematch – creating an unparalleled platform that manages the entire regulatory risk value chain on a global scale, elevating its extensive offer for Tier 1 organisations including ING, BNY Mellon, ScotiaBank and SwissRe.
Corlytics continues to invest heavily in innovation, with investments in R&D to date exceeding €65 million.
John Byrne (Corlytics CEO), Kent Mackenzie (Corlytics COO) (Photo: Business Wire)
IMOLA, Italy (AP) — Max Verstappen held off a challenge from McLaren’s Lando Norris to win the Emilia Romagna Grand Prix on Sunday and extend his Formula 1 championship lead.
Verstappen started on pole position and stayed ahead of Norris at the start but was put under pressure by the McLaren driver again near the end and won by less than a second.
“Especially the last 10, 15 laps, I had no grip any more. I was really sliding a lot. I saw Lando closing in,” Verstappen said. “It’s very difficult when the tires are not working any more and you have to go flat out, so I couldn’t afford to make too many mistakes. Luckily, we didn’t and super happy, of course, to win here today.”
It was the defending champion's fifth win in seven Grand Prix races this year and followed Verstappen being beaten by Norris in Miami two weeks ago.
Norris' second place Sunday underlined the McLaren team's credentials to be the closest challenger to Verstappen and Red Bull this season. “It hurts me to say it, but one or two more laps, I think I would have had him,” Norris said. “It would have been beautiful, but just not today.”
Charles Leclerc was third for Ferrari, the Italian team's first podium finish at Imola since 2006.
It's never easy to overtake on the narrow Imola track, and risk-taking was further discouraged this year when asphalt run-off areas on key corners were replaced with gravel traps.
Leclerc closed in on Norris mid-way through the race but made a mistake and ran across the grass, losing time.
Oscar Piastri had qualified second for McLaren but was dropped to fifth because of a penalty for impeding Kevin Magnussen in a Haas. He got ahead of Sainz at the pit stops and finished fourth, ahead of the Spanish driver.
Seven-time champion Lewis Hamilton and his teammate George Russell were sixth and seventh after a difficult weekend for Mercedes.
Verstappen’s Red Bull teammate Sergio Perez started 11th after a mistake in qualifying and finished eighth. His main impact on the race was when he briefly held up Norris and Leclerc after their pit stops, indirectly helping Verstappen.
Yuki Tsunoda took ninth for RB and Lance Stroll took the last point in 10th for Aston Martin.
With the victory, Verstappen opened up a 48-point standings lead over Leclerc, who moved above Perez into second.
AP auto racing: https://apnews.com/hub/auto-racing
McLaren driver Lando Norris of Britain steers his car during the Italy's Emilia Romagna Formula One Grand Prix race at the Dino and Enzo Ferrari racetrack in Imola, Italy, Sunday, May 19, 2024. (AP Photo/Antonio Calanni)
Red Bull driver Max Verstappen of the Netherlands steers his car after a pit service during the Italy's Emilia Romagna Formula One Grand Prix race at the Dino and Enzo Ferrari racetrack in Imola, Italy, Sunday, May 19, 2024. (AP Photo/Luca Bruno, Pool)
Red Bull driver Max Verstappen of the Netherlands steers his car during the Italy's Emilia Romagna Formula One Grand Prix race at the Dino and Enzo Ferrari racetrack in Imola, Italy, Sunday, May 19, 2024. (AP Photo/Antonio Calanni)
Red Bull driver Max Verstappen of the Netherlands steers his car during the Italy's Emilia Romagna Formula One Grand Prix race at the Dino and Enzo Ferrari racetrack in Imola, Italy, Sunday, May 19, 2024. (AP Photo/Antonio Calanni)
