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Corlytics raises €1m for growth

Dublin-based financial software firm Corlytics has raised €1m from a syndicate of investors - including Cork venture-capital firm Kernel Capital and Enterprise Ireland - in order to double its staff.

Corlytics's software helps institutions ensure they comply with banking and other regulations. Regulators are more focused on compliance than ever, a field that covers everything from money-laundering prevention to requirements to give more data to regulators for stress tests.