Corlytics grow in A&O Fuse programmePublished on 15th June 2018
Corlytics, the innovative regulatory risk intelligence and analytics team has secured a new banking client, following the success of its time in Allen & Overy’s Fuse programme. Set up in September 2017, Fuse is a tech innovation space where hand-picked innovative fintech and legaltech companies, Allen & Overy lawyers, technologists and their clients collaborate to explore, develop and test legal, regulatory and deal-related solutions. Having spent six months at Fuse Corlytics, a recognised world leader in determining regulatory risk impact, hopes to collaborate with A&O on further opportunities. EXTENDING THE A&O ECOSYSTEM Corlytics was originally selected for its advanced Artificial Intelligence (AI) modelling that it has used to develop its regulatory enforcement database. The internal team at Corlytics is made up of leading data scientists, seasoned technologists, proven banking risk practitioners and expert lawyers. Mike O’Keeffe, general manager of Corlytics Solutions explains, “The access to the Fuse innovation programme was a huge boost both in the development of our products and critically to access to senior banking clients. Having been part of the programme, we are now working directly with new clients introduced to us by A&O.” He continues, “Being part of the programme at Fuse, we have become part of its ecosystem. That has benefited us enormously.
Lending extra credibility to our offer. As part of the extended ecosystem, A&O is now overseeing some cutting edge innovative work with two further banking clients.” Shruti Ajitsaria, Head of Fuse at Allen & Overy, added: “Working alongside the first cohort of Fuse companies has enabled us to keep abreast of the constantly changing legal and regulatory tech ecosystem. We are really pleased with the standard of the companies that first joined us and the transformative work already underway. We have now invited a second wave of companies who joined us at the start of May and we look forward to further successes.”