Inside Corlytics: A Comprehensive Overview of the RegTech Leader

Dublin-based RegTech company Corlytics is backed by private equity firm Verdane. It has become the first dedicated regulatory technology provider to receive ISO/IEC 42001:2023 certification. The new global standard for artificial intelligence governance is typically awarded to major technology firms. Corlytics’ achievement positions it as a leading force in trusted AI systems for financial services and compliance.

Founded in 2013 by CEO John Byrne, Corlytics focuses on regulatory monitoring, taxonomy mapping, and risk analytics. The company supports financial institutions, regulators, and legal teams across offices in Dublin, London, New York, Boston, and Sydney.

The ISO 42001 certification was awarded in May 2025 following a two-stage audit by global compliance assessor A-LIGN. The certification validates Corlytics’ AI systems for bias mitigation, risk management, security, transparency, and traceability. This recognition helps the company meet growing demand for responsible AI use in compliance and RegTech.

Byrne stated that Corlytics was designed from the outset to be AI-driven. The company processes approximately 30 million pages of regulation each year. It works with around 40% of the world’s top 30 banks. He said the certification will help clients who are increasingly concerned about third-party AI risk. Large financial institutions such as JP Morgan have called for more rigorous controls from software vendors and cloud-based compliance providers.

Since Verdane’s majority investment in 2024, Corlytics has pursued a monitor-to-policy strategy. Corlytics made key acquisitions. These include ING’s SparQ platform in early 2023. They also acquired compliance document firm Clausematch later that year and Deloitte’s Reghub in May 2024. These deals enable Corlytics to offer a comprehensive suite of tools. These tools cover regulatory change tracking. They also handle policy automation and controls mapping in one system.

Chief Data Officer Oisín Boydell said the ISO 42001 certification represents years of internal development. It aligns with the EU AI Act and the UK’s National AI Strategy. He added that Corlytics now manages six core AI functions: classification, summarisation, extraction, rationalisation, mapping, and generation. These are delivered within a secure and traceable governance framework.

Waystone Compliance Solutions advised Corlytics during the process. They said the certification proves ISO 42001 is on track to become a new gold standard. It sets a benchmark for AI accountability in regulated markets. As financial services firms tighten vendor risk requirements, certified platforms will likely have a competitive edge.

Corlytics has also developed Compliance Corylated, a content platform launched in late 2024. It delivers curated regulatory updates, policy change alerts, and enforcement trend data for compliance teams. The company plans to release new AI-powered modules for anti-money laundering. Additionally, it will introduce know your customer procedures before the end of 2025.

Regulators are preparing stricter oversight for AI across financial services. Corlytics is betting on a strategy that blends automation with transparency. The company’s latest certification provides a clear opportunity. It allows the company to lead in an industry where trust, governance, and accuracy are more important than ever.