Regtech startup Alyne is taking the plunge and opening its first office in New York City. With this move, the Munich-based startup aims to further establish itself as a global Regtech company with offices in Europe, North America, and the Asia-Pacific region.
In addition to Fintech, another sector is currently developing that is becoming increasingly relevant for the banking industry: Regtech—a combination of the words "regulatory" and "technology." Companies operating in this sector are developing technologies that support banking architecture around regulatory management from an IT perspective.
North America is currently the largest Regtech market
The Munich-based startup sees itself as one of the pioneers in this emerging industry Alyne, which offers a modern Governance Risk Compliance (GRC) platform. This platform offers—in addition to an extensive library of compliance content—innovative risk analysis methods and intelligent workflows for managing the entire risk lifecycle. Alyne aims to support companies in the complex and constantly changing regulatory environment.
Access to the platform is offered as software as a service. Alyne was founded in 2015 by Karl Viertel, Stefan Sulistyo, Manuel Reil, and Matthias Danner and is headquartered in Munich. It also has offices in London and Melbourne, and will soon open in New York. North America is currently the world's largest market for RegTech due to its early adoption of RegTech solutions.
Establish new relationships and build a network
Karl Viertel, CEO and co-founder of Alyne, expressed his excitement about the new North American office and Alyne's fourth global location:
"We've had an exciting time establishing the Alyne office in New York and celebrating our entry into the US market. We look forward to forming new relationships and building on our network. I'm confident we have the right recipe for success in the US market."
