A big step in a program of managed growth as Corlytics acquires ING SparQ – compliance from monitoring to policy on one platform.
A Collaborative Partnership
Corlytics’ CEO, John Byrne, said, “This acquisition is important – both for the financial services industry and Corlytics. SparQ technologies mean that we can close the regulatory compliance and obligations management loop – in a unified platform to automate, deliver and prove compliance. This deal sets the runway for further strategic acquisitions and is a clear signal of our ambitious program of managed growth.”
ING’s Chief Compliance Officer, Rein Graat, said, “In 2017, recognising the increasingly complex regulatory landscape, ING assembled a team of subject matter experts to develop innovative technology and transform regulatory change and policy management. The focus has been on end-2-end process integration, audit trailing, and global standardisation. SparQ has materially contributed to our efforts of demonstrating being in control. Corlytics became a key partner in 2018 and it is fitting that, after the global roll-out internally, the next stage of SparQ’s journey will be with the company that can bring its development to the next maturity level of being an industry-wide leading platform. We look forward to collaborating more intensively with Corlytics in this ongoing development.”
For the full announcement, please use this link.
