Data management provider Solidatus and regulatory risk intelligence supplier Corlytics recently announced a partnership that is expected to give both platforms’ customers a holistic view of global regulations.
The combined solution sees digitized regulatory content from Houston-based Corlytics automatically pulled into London-based Solidatus’ regulatory data catalogs and linked to data lineage models, where they can be mapped to companies’ processes, policies, controls and systems.
Corlytics Founder and CEO, John Byrne said in the news release, “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, co-founder and CEO of Solidatus, echoed those sentiments.
“Increasing rapid change in the regulatory landscape places exponential pressure on data governance and compliance practitioners. It also forces organizations in heavily regulated industries to spend a disproportionate ratio of funds on regulation and fine avoidance, which in turn strangles their innovation and agility,” Dutton said. “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 organization, streamlining compliance processes and accelerated execution all the while providing an immutable record of compliance.”