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Regulatory risk analytics specialist Corlytics has entered into a partnership with data management solutions vendor Solidatus to help clients meet their regulatory reporting and compliance obligations.
This will enable digitised regulatory information from Corlytics to be integrated into the regulatory data catalogues maintained by Solidatus and linked to data lineage models where they can be adapted to companies procedures, controls and systems.
Corlytics founder and CEO John Byrne says: “This brings huge synergies to the day-to-day work of data practitioners. Combining the added value of Corlytics’ content with Solidatus’ lineage models across firms’ IT infrastructures gives users the unique ability to map their compliance with regulations holistically, tracing lineage across all internal control systems.
This means they can more easily identify the impact of regulatory change and demonstrate full compliance with regulations, ultimately delivering ‘front-to-back’ compliance.”
Philip Dutton, founder and CEO of Solidatus, comments: “Increasing rapid change in the regulatory landscape places exponential pressure on data governance and compliance practitioners. It also forces organisations in heavily regulated industries to spend a disproportionate ratio of funds on regulation and fine avoidance, which in turn strangles their innovation and agility.
Our partnership with Corlytics provides end-to-end transparency from regulatory obligation, through implementation to regulatory evidence. It enables automatic and instantaneous impact assessment of regulatory change on an organisation, streamlining compliance processes and accelerated execution, all the while providing an immutable record of compliance.”
