Rob Konowalchuk and Dean Mitchell, Partners, Avantage Reply added: “We are very excited about this partnership as we are convinced that the ground-breaking approach Suade takes to regulatory data, combined with our proven expertise with data management within the prudential regulation domain will bring unique value to our clients through reduced costs and greater reliability.”
Diana Paredes, Chief Executive Officer, Suade Labs commented: “We are thrilled to partner with Avantage Reply and look forward to scaling the success of our revolutionary approach to regulation for the financial industry at a global level together. We are particularly excited to harness their in-depth experience in digital transformation and regulation. We have witnessed first-hand that technology IS in their DNA and we see this as a huge opportunity to act as a complement to our platform."
Avantage Reply is a leading consultancy delivering management consulting services to financial services clients in Risk, Finance and Compliance. Since its establishment in 2004, Avantage Reply has provided insightful and practical services to help client address the challenges arising from changes in regulation and strategic and organisational change, whilst exploiting innovative technologies. With operations in London, Amsterdam, Brussels, Frankfurt, Lisbon, Luxembourg, Milan, Rome, Paris and Rome Avantage Reply employs more than 350 specialised consultants. Avantage Reply is part of Reply Group, a listed company with 7,000+ employees specialised in Consultancy, System Integration and Digital Services.
Suade, founded by two former bankers in 2014, is one of the first start-ups to be classified as a RegTech company. Suade offers Regulation-as-a-Service to automate regulatory compliance for financial institutions and its mission is to prevent the next financial crisis by bridging the regulatory gap through modern technology. Suade operates globally and its work has been recognised all over the world, and it has received a number of awards and titles, including being recognised as a Technology Pioneer by the World Economic Forum.