Corlytics sets sights on €10bn ‘regtech’ market

Stricter regulation has created a €10 billion market in identifying risk areas for financial companies

5th February, 2017
John Byrne, founder, Corlytics Picture: Fergal Phillips

Corlytics, the Irish financial start-up backed by wealthy fintech names, is aiming to crack a €10 billion market to help banks avoid falling foul of regulators and getting huge fines.

The company has worked closely with the Financial Conduct Authority (FCA) in London and the Bank of England. It is understood to be working on a project with the Central Bank of Ireland, although the company said it couldn’t comment on that.

“Regulation...

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