Alyne, the award winning RegTech pioneer from Germany announces the opening of a new office in New York City. This further expansion positions Alyne as a globally operating RegTech firm with a presence in Europe, North America and Asia-Pacific. The company has previously established offices in Munich (Headquarter), London and Melbourne.
Alyne is a leader in the emerging RegTech industry, offering a next generation Governance, Risk and Compliance (GRC) platform that revolutionises the way organisations mature their cyber security, data privacy, risk management and compliance capabilities. Through the use of cloud computing, Software-as-a-Service and upcoming developments in Machine Learning, their technology is meeting the needs of businesses that differ vastly in nature. Alyne’s curated and customisable content library, data rich analytics and reporting, combined with their user-friendly platform, helps companies navigate complex and ever-evolving regulatory environments, whilst remaining cost effective.
In 2018, the RegTech market size was valued at USD 4,3 billion and is estimated to grow up to USD 12,3 billion by 2023. North America currently stands as the largest RegTech market worldwide due to its early adoption of RegTech solutions (Markets and Markets: RegTech Market by Application, Organisation Size, and Region - Global Forecast to 2023). This data is a key motivating factor as to why Alyne decided to implement its SaaS offering in the U.S market, and ensure the right resources are in place.
Karl Viertel, CEO and Co-Founder of Alyne, expressed his enthusiasm about the new North America office and fourth global office location for Alyne:
“We have had an exciting time setting up the Alyne office in New York and making our debut entrance into the U.S. market. We look forward to furthering new relationships and building on our network. I am convinced we have the right recipe for success for the U.S. market in place.”