Alpha Reply, the Reply Group company specialising in machine learning and digital transformation of banks and FinTechs, today announced its new partnership with regulatory technology company ClauseMatch.
Under the agreement, Alpha Reply will be implementing and integrating the ClauseMatch RegTech solution for policy management and compliance at financial institutions worldwide.
The ClauseMatch solution for regulatory change management and policy management portal will be integrated with other platforms thanks to its open application programming interfaces (APIs). ClauseMatch will become a building block of the Alpha Reply offering, a part of a bigger change process, which also involves governance, risk and compliance (GRC), anti-money laundering (AML) and cloud-based custom - Artificial intelligence/Machine Learning driven solutions.
Alpha Reply is currently actively exploring the convergence of big data with AI. This domain will be further developed through its cooperation with ClauseMatch where machine learning capabilities are applied for enhancing the use of the solution in the regulatory space.
Julien Recan, Associate Partner at Alpha Reply, commented on the deal: "This strategic partnership with ClauseMatch is an important step forward in Alpha Reply’s strategy. ClauseMatch know the technology part really well, while we have the regulatory and business expertise to help our customers streamline their compliance operations. Through the partnership we will be able to bring our clients to digital compliance quickly, saving them costs and reducing their regulatory and operational risks." -
"We feel inspired and privileged to start this new relationship with Alpha Reply,” said Anastasia Dokuchaeva, Head of Partnerships at ClauseMatch. “All the experience in the field combined with the focus on the market and its needs will help to simplify and accelerate the adoption of regulatory technology, which is key to many financial institutions of any size at present, "
In 2017, ClauseMatch went live with Barclays for policy management and compliance globally. The platform is currently being used by several global financial institutions.
Reply functions as a network of highly specialised companies working with leading banks and financial institutions to develop solutions for the most important business areas including compliance. The company is increasingly active in the digital transformation of Europe’s financial institutions, working with the leading players in the market.