Suade commits $20M to boost presence in US and Canada
by CM staff
Suade's technology allows institutions to streamline their reporting processes.
NEW YORK —Suade, a figure in regulatory technology, is investing $20 million to reinforce its presence in the US and Canada.
Suade’s solution addresses the need for advanced reporting systems, as financial institutions wade through an evolving regulatory terrain.
This move is both a response to the increased demand for their solutions and a pledge to support North American banks.
“The upcoming Basel 3.1 framework underscores the urgency for banks to adopt agile and precise reporting systems,” said Diana Paredes, CEO, Suade. “Our investment in US and Canadian growth is not just about expansion; it’s a testament to our commitment to supporting the financial industry as it grapples with evolving regulatory requirements.”
Bill Coen, ex-chair of the Basel committee and now on Suade’s board and advisory team, said, “The magnitude of regulatory changes is pressing banks to seek more efficient reporting methods. Suade’s expertise places it at the pinnacle of this transformation, ensuring financial institutions remain both compliant and competitive.”
