CORLYTICS: RISK RATING THE REGULATORY LANDSCAPE

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CORLYTICS NEWS

Congratulations to Milk & Honey PR for their win at the PRCA City and Financial award 2019, from the Corlytics team!

Congratulations to Milk & Honey PR for their win at the PRCA City and Financial award 2019, from the Corlytics team!

Congratulations to Milk & Honey PR for their win at the PRCA City and Financial award 2019, from the Corlytics team!

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CORLYTICS BLOG

The Wild World of Regtech, by Mike O'Keefe our General Manager, UK
(Read article)

The Wild World of Regtech, by Mike O'Keefe our General Manager, UK
(Read article)

The Wild World of Regtech, by Mike O'Keefe our General Manager, UK
(Read article)

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CORLYTICS NEWS

The Corlytics Summer Internship programme is now closed. We are delighted with the great response and will be in touch shortly with all participants.

The Corlytics Summer Internship programme is now closed. We are delighted with the great response and will be in touch shortly with all participants.

The Corlytics Summer Internship programme is now closed. We are delighted with the great response and will be in touch shortly with all participants.

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CORLYTICS NEWS

Corlytics wins first place in the finals of the Deloitte Regtech challenge which took place at the Deloitte Greenhouse, Milan
(Read more)

Corlytics wins first place in the finals of the Deloitte Regtech challenge which took place at the Deloitte Greenhouse, Milan
(Read more)

Corlytics wins first place in the finals of the Deloitte Regtech challenge which took place at the Deloitte Greenhouse, Milan
(Read more)

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CORLYTICS NEWS

Corlytics has been shortlisted for
“Risk Management Software of the Year” at the FStech Awards.
(Read more)

Corlytics has been shortlisted for
“Risk Management Software of the Year” at the FStech Awards.
(Read more)

Corlytics has been shortlisted for
“Risk Management Software of the Year” at the FStech Awards.
(Read more)

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CORLYTICS NEWS

RED is the first app to offer a constantly updated feed of global regulatory updates for free. Allowing legal, risk and compliance officers to be notified of the data relevant to them, instead of sourcing it.

Sign up online or download the app for Android and iOS.

RED is the first app to offer a constantly updated feed of global regulatory updates for free. Allowing legal, risk and compliance officers to be notified of the data relevant to them, instead of sourcing it.

Sign up online or download the app for Android and iOS.

RED is the first app to offer a constantly updated feed of global regulatory updates for free. Allowing legal, risk and compliance officers to be notified of the data relevant to them, instead of sourcing it.

Sign up online or download the app for Android and iOS.

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Corlytics provides relevant insight into the size, scope and root causes of regulatory risk, enabling the three lines of defence to better plan their compliance programs

 
WHY CORLYTICS?

Corlytics risk weights and reveals the highest priority regulatory themes to enable better regulatory outcomes for regulators and regulated firms.

 
HOW CORLYTICS WORKS?

Corlytics analyses global regulatory notices. Using our regulatory taxonomy and advanced analytics, we extract relevant intelligence to rate the risk of regulatory concerns.

 
WHAT CORLYTICS OFFERS?

Corlytics uses risk-based analysis of critical and emerging regulatory topics to enable firms to design and prioritise audit, risk and compliance programs and investments. Corlytics also provides access to relevant, analysed regulatory notices.

CHALLENGES

VOLUME

Firms struggle to monitor and analyse regulatory notices from the regulators to which they are exposed. For most firms this is a manual and time consuming process.

RELEVANCE

Firms struggle to understand what information is actually relevant to their business and which information should go to which internal team.

REGULATORY RISK

Firms struggle to extract risk intelligence from relevant notices in a way that quickly and clearly highlights the greatest areas of regulatory risk.

SCALE OF THE CHALLENGES

2500+

VOLUME

Estimated number of compliance rule books globally

250

RELEVANCE

Average number of regulatory alerts daily issued by  over 900 regulators globally. Firms need relevant data

$270bn

REGULATORY RISK

Estimated cost of compliance to the banking industry each year

GLOBAL COST OF ENFORCEMENT SINCE 1ST JANUARY 2019

SOLUTIONS

AUTOMATED COLLECTION

Single centralised store of regulatory notices from global regulators, collected automatically for analysis

RELEVANT INTELLIGENCE

Control-oriented and regulation-centric risk  views of regulatory intelligence  specific to firms, regulators, jurisdictions and products.

RISK BASED ANALYSIS

 Current and future regulatory risk models, enabling firms to plan risk, audit and compliance programs and associated investment allocation

SOLUTIONS OVERVIEW

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CORLYTICS TAXONOMY MAPPING

Corlytics’ regulatory taxonomy enables categorisation, mapping and routing of regulatory content to a firm’s view of compliance risk, business lines, and controls. This makes sense of regulatory notices for departments, teams and individuals, so that only relevant information is highlighted for action. Our regulatory taxonomy has also been used to create the world’s first intelligent handbook by mapping the FCA’s taxonomy to its regulatory handbook. The handbook is now a searchable database surfacing only relevant regulations for regulated firms.

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CORLYTICS RED

Corlytics’ bots scan all notices from regulators for all types of regulatory content, including regulator communications (business plans, speeches etc), regulatory developments (consultation papers, draft regulations, etc) and regulatory penalties (enforcements, warning letters etc). Corlytics collates this information to a single cloud-based repository which can be used for analysis and risk weighting. Corlytics RED, enables firms to interact with this content, using it as part of the day to day compliance operations.

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CORLYTICS RISKFUSION

RiskFusion® highlights regulatory concerns for risk, audit and compliance teams to assist in the planning and allocation of regulatory compliance investments. Corlytics collects and categorises regulatory data. Relevant data sets are then analysed and summarised by Corlytics’ regulatory and legal analysts. RiskFusion® risk models are applied to the curated data to illustrate the highest risk jurisdictions, regulations, regulatory topics and provisions. Prioritised regulatory action plans are built from these views.

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MEET THE CORLYTICS TEAM

Our team is comprised of world class legal and regulatory analysts, data scientists, risk professionals and seasoned technologists. Depending on the engagement type, members of this team provide specialist services to the regulator or regulated firm in question. We offer taxonomy mapping services to regulators for regulatory content and to regulated firms for taxonomy mapping. Regulatory analysts provide specialist services on regulatory review and regulatory change issues. Risk specialists provide core risk models integrated with client data for firm-specific views of risk.

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CONTACT US

Please contact us if you want any further information about us and our solutions.