John Byrne Founder & CEO | Corlytics’ success
Navigating the complex landscape of regulatory change presents a significant challenge for banks and financial services firms, with compliance costs reaching an estimated $270 billion annually. In response, many organizations are turning to regulatory technology (regtech) to streamline their compliance processes and mitigate risks. However, with the rapid expansion of regtech tools and technologies, finding the right solutions without causing further disruption can be challenging.
A Leader in Regtech Innovation 
Dublin-based Corlytics Ltd. stands out as a leader in the regtech space, focusing on successful adoption and integration of technology to help firms manage regulatory risk effectively. By working with banks and regulators worldwide, Corlytics aims to provide a comprehensive understanding of regulatory requirements, enhancing the power of advanced technologies for its clients.
John Byrne: Steering Corlytics to Global Success
The vision behind Corlytics is driven by its Founder and CEO, John Byrne, a serial entrepreneur in the financial technology sector. John’s journey began in 1985 with the co-founding of one of Ireland’s first energy technology campus companies. In 1997, he established Information Mosaic, a global leader in securities software, which was acquired by Markit in 2015.
John recognized a critical gap during the financial crisis: the absence of a combined intelligence and predictive analytics system to support decision-making for banks, regulators, and advisors. This realization led him to establish Corlytics, a company now expanding globally with seven offices worldwide. As CEO, John sets the company’s strategic vision, empowers his team, and fosters a culture of professional development and continuous learning.
Innovative Solutions for Regulatory Challenges
Since its inception in 2013, Corlytics has been dedicated to restoring trust and building transparency in the financial system. The company assists organizations in sifting through overwhelming regulatory notices to identify what is relevant to their business.
When clients seek support for their compliance programs, Corlytics assembles bespoke teams of legal and regulatory analysts, data scientists, and risk practitioners. This multidisciplinary approach helps regulated firms protect themselves from unexpected exposures and fines.
Diversity and Collaboration: Key to Innovation
At Corlytics, diversity and collaboration are central to its success. John believes that diverse perspectives drive innovation, and this is reflected in the company’s 50/50 gender split and the eleven native languages spoken at its Dublin headquarters. The firm’s culture encourages input from all levels, from interns to senior executives, fostering creativity and cross-pollination of ideas.
Empowering the Next Generation
Corlytics is committed to nurturing young talent through its internship program. This initiative provides young individuals from various backgrounds with the opportunity to develop skills and tackle real-world compliance challenges. The program emphasizes enthusiasm and a willingness to learn, regardless of specific career paths.
John Byrne and his team at Corlytics remain focused on meeting customer needs rather than just developing technology. They understand that attracting and nurturing a high-performance team is crucial to delivering effective regtech solutions and driving the industry’s evolution.
