PR93098

LONDON, Nov. 17, 2021 /PRNewswire=KYODO JBN/ --

The strategic investment will support growth and market expansion for the

ground-breaking RegTech firm.

Suade Labs, a globally recognised leader in financial and regulatory

technology, has raised a Series A funding round.

The fundraising was led by Glenn Hutchins, as well as other strategic

investors. As Chairman of North Island, Co-founder of Silver Lake and former

board member of the Federal Reserve Bank of New York, Glenn Hutchins brings a

wealth of experience to the Company in the financial and regulatory technology

space. Mr Hutchins will join the Company’s Board of Directors.

Eugene Ludwig, Founder and Chairman of Promontory Financial Group and the

former Comptroller of the Currency in the Clinton Administration, is joining

Suade as a special advisor. Other notable investors participating in the

funding round include Michael Corbat, former CEO of Citigroup; Tom Glocer,

former CEO of Thomson Reuters; Philippe Laffont, Founder of Coatue Management;

Joe Moglia, former Chairman of the board at TD Ameritrade; Randall Stephenson,

former Chairman and CEO of AT&T Inc and Lee Styslinger, Chairman and CEO at

Altec. Digital Currency Group, a leading investor in the digital currency

arena, also formed part of the Series A round.

"Suade is revolutionising regulatory reporting and is one of the most exciting

companies I have seen," said Mr Hutchins. "Its reporting solution and

simplified data standardisation approach accelerates and harmonises the

implementation of regulatory requirements. Suade is perfectly positioned to

drive the industry towards a more digitally focused future, and I am delighted

to be joining their Board to support them on the journey."

Suade Labs' trusted platform offers financial institutions around the world the

ability to automate and scale end-to-end regulatory reporting capabilities

through a data-centric approach. The RegTech pioneer, founded in 2014 by Diana

Paredes and Murat Abur, is transforming regulatory interpretation and delivery

through utilisation of the only open-source global regulatory data standard,

FIRE, and modern technologies such as machine learning and natural language

processing.

"The legacy technology solutions are unable to scale or meet the demands that

post-financial crisis regulation requires," said Mr Abur, Suade’s CTO. "Suade's

data-driven and technological approach to financial regulation makes a firm’s

regulatory reporting system a value-add investment rather than a costly

liability."

"When we founded the Company, we knew that the approach to solving large scale

regulatory harmonisation problems would require a large amount of groundwork

and the right kind of investor and support," said Ms Paredes, Suade’s CEO. "We

are pleased that after executing on our initial vision, we have developed

significant technological IP and are now driving the market forward as thought

leaders and agents for positive change. We are honoured by the support we have

received from this group of investors and their unparalleled experience in

leading, growing and advising businesses in technology, financial services and

beyond."

About Suade

Founded in 2014, Suade is a RegTech firm offering Regulation-as-a-Service to

automate regulatory reporting and compliance for financial institutions. Its

data-driven approach to regulation, as well as its use of innovative technology

such as natural language processing and machine-learning, has distinguished

Suade as a global leader in the industry. It has received numerous awards and

titles, including being recognised as a Global Innovator by the World Economic

Forum. Suade has the fastest system in the market. It services financial

institutions all over the world and operates globally in offices across the UK,

Europe, North America, and Asia.

Suade. Bridging the regulatory gap through modern technology - suade.org

For any press enquiries, please contact:

Corinne Jones PR and Comms

corinne@suade.org

Logo - https://mma.prnewswire.com/media/1559440/Suade_Logo.jpg

Source: Suade Labs