Company:Suade Labs: Difference between revisions

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{{Short description|Financial services technology company}}
{{Short description|Financial services technology company}}


 
'''Suade Labs''' is a [[Finance:Regulatory technology|regulatory technology]] company headquartered in London that provides regulatory reporting software to banks. Suade is a member of the World Economic Forum’s Global Innovators community<ref>{{cite web |title=Suade Labs |url=https://www.weforum.org/people/diana-paredes/ |website=WEF |access-date=24 June 2024}}</ref> and Global Future Council<ref>{{cite web |title=Suade |url=https://www.weforum.org/organizations/suade-labs/ |website=World Economic Forum |access-date=24 June 2024}}</ref>, and collaborates with the WEF on research into regulatory technology.<ref>{{cite web |title=Suade Labs and the World Economic Forum |url=https://suade.org/world-economic-forum/ |website=Suade Labs |date=January 2022 |access-date=24 June 2024}}</ref>
'''Suade Labs''' is a [[Finance:Regulatory technology|regulatory technology]] company headquartered in London that provides regulatory reporting software to banks.
 
Suade is a member of the World Economic Forum’s Global Innovators community<ref>{{cite web |title=Suade Labs |url=https://www.weforum.org/people/diana-paredes/ |website=WEF |access-date=24 June 2024}}</ref> and Global Future Council<ref>{{cite web |title=Suade |url=https://www.weforum.org/organizations/suade-labs/ |website=World Economic Forum |access-date=24 June 2024}}</ref>, and collaborates with the WEF on research into regulatory technology.<ref>{{cite web |title=Suade Labs and the World Economic Forum |url=https://suade.org/world-economic-forum/ |website=Suade Labs |date=January 2022 |access-date=24 June 2024}}</ref>


As of 2024, Suade employs approximately 100 people and has offices in London, New York and Singapore.
As of 2024, Suade employs approximately 100 people and has offices in London, New York and Singapore.
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Suade received funding from the Monetary Authority of Singapore in 2018 and started doing business in Singapore the same year.<ref>{{cite press release |url=https://suade.org/global-regtech-firm-suade-opens-office-in-singapore-to-support-its-global-expansion-plans/ |website=Suade Labs |access-date=21 June 2024 |title=Global RegTech firm, Suade Labs, opens office in Singapore to support its global expansion plans |date=December 2021 }}</ref><ref>{{cite press release|url=https://www.prnewswire.com/news-releases/td-securities-continues-to-successfully-implement-suade-labs-solutions-for-regulatory-reporting-301434255.html |access-date=21 June 2024 |agency=PR Newswire |date=2021-12-01 |title=TD Securities Continues to Successfully Implement Suade Labs' Solutions for Regulatory Reporting }}</ref>
Suade received funding from the Monetary Authority of Singapore in 2018 and started doing business in Singapore the same year.<ref>{{cite press release |url=https://suade.org/global-regtech-firm-suade-opens-office-in-singapore-to-support-its-global-expansion-plans/ |website=Suade Labs |access-date=21 June 2024 |title=Global RegTech firm, Suade Labs, opens office in Singapore to support its global expansion plans |date=December 2021 }}</ref><ref>{{cite press release|url=https://www.prnewswire.com/news-releases/td-securities-continues-to-successfully-implement-suade-labs-solutions-for-regulatory-reporting-301434255.html |access-date=21 June 2024 |agency=PR Newswire |date=2021-12-01 |title=TD Securities Continues to Successfully Implement Suade Labs' Solutions for Regulatory Reporting }}</ref>


In 2021, Suade received investment from a panel of investors led by Glenn Hutchins.<ref>{{cite press release |url=https://www.prnewswire.com/news-releases/suade-labs-global-regtech-solutions-provider-raises-strategic-funding-led-by-tech-investing-pioneer-glenn-hutchins-301425906.html |access-date=21 June 2024 |agency=PR Newswire |date=2021-11-17 |title=Suade Labs, global RegTech solutions provider, raises strategic funding led by tech investing pioneer Glenn Hutchins }}</ref><ref>{{cite news |url=https://ffnews.com/newsarticle/suade-labs-raises-strategic-series-a-funding/ |access-date=21 June 2024 |agency=Fintech Finance News |date=2021-11-17 |title=Suade Labs raises strategic Series a Funding }}</ref>
In 2021, Suade received investment from a panel of investors led by Glenn Hutchins.<ref>{{cite press release |url=https://www.prnewswire.com/news-releases/suade-labs-global-regtech-solutions-provider-raises-strategic-funding-led-by-tech-investing-pioneer-glenn-hutchins-301425906.html |access-date=21 June 2024 |agency=PR Newswire |date=2021-11-17 |title=Suade Labs, global RegTech solutions provider, raises strategic funding led by tech investing pioneer Glenn Hutchins }}</ref><ref>{{cite news |url=https://ffnews.com/newsarticle/suade-labs-raises-strategic-series-a-funding/ |access-date=21 June 2024 |agency=Fintech Finance News |date=2021-11-17 |title=Suade Labs raises strategic Series a Funding }}</ref><ref>{{Cite web |date=2021-05-12 |title=Investment in Suade Labs by North Island Family Office |url=https://www.bdo.co.uk/en-gb/deals/investment-in-suade-labs-by-north-island-family-office |access-date=2024-10-21 |website=www.bdo.co.uk |language=en-GB}}</ref>


The company is advised by a panel of regulatory experts<ref>{{cite news |url=https://thefintechtimes.com/financial-market-stress-causes-suade-to-launch-a-think-tank-featuring-eugene-ludwig-lyndon-nelson/ |access-date=21 June 2024 |agency=Fintech Times |date=2023-05-15 |title=Financial Market Stress Causes Suade to Launch a Think Tank Featuring Eugene Ludwig & Lyndon Nelson }}</ref> including:
The company is advised by a panel of regulatory experts<ref>{{cite news |url=https://thefintechtimes.com/financial-market-stress-causes-suade-to-launch-a-think-tank-featuring-eugene-ludwig-lyndon-nelson/ |access-date=21 June 2024 |agency=Fintech Times |date=2023-05-15 |title=Financial Market Stress Causes Suade to Launch a Think Tank Featuring Eugene Ludwig & Lyndon Nelson }}</ref> including:
* William (Bill) Coen, former secretary general of the [[Organization:Basel Committee on Banking Supervision#Leadership|Basel Committee on Banking Supervision]] (BCBS)<ref>{{cite web |url=https://kpmg.com/xx/en/home/contacts/c/bill-coen.html |website=kpmg.com |publisher=KPMG |access-date=21 June 2024 |title=Bill Coen - KPMG Global |date=2024-05-15 }}</ref><ref>{{cite web |url=https://suade.org/suade-org-william-bill-coen/ |website=Suade Labs |access-date=2024-06-21 |title=Bill Coen |date=2 February 2023 }}</ref>
* William (Bill) Coen, former secretary general of the[[Organization:Basel Committee on Banking Supervision#Leadership|Basel Committee on Banking Supervision]] (BCBS)<ref>{{cite web |url=https://kpmg.com/xx/en/home/contacts/c/bill-coen.html |website=kpmg.com |publisher=KPMG |access-date=21 June 2024 |title=Bill Coen - KPMG Global |date=2024-05-15 }}</ref><ref>{{cite web |url=https://suade.org/suade-org-william-bill-coen/ |website=Suade Labs |access-date=2024-06-21 |title=Bill Coen |date=2 February 2023 }}</ref>
* William (Bill) Dudley, former Federal Reserve Bank of New York president
* William (Bill) Dudley, former Federal Reserve Bank of New York president
* Eugene (Gene) Ludwig, 27th Comptroller of Currency under former President Bill Clinton
* Eugene (Gene) Ludwig, 27th Comptroller of Currency under former President Bill Clinton<ref>{{Cite web |date=2021-11-17 |title=RegTech firm Suade Labs raises Series A |url=https://www.finextra.com/pressarticle/90309/regtech-firm-suade-labs-raises-series-a |access-date=2024-10-21 |website=Finextra Research |language=en}}</ref>
* [https://www.bankofengland.co.uk/about/people/past/lyndon-nelson/biography Lyndon Nelson], former deputy CEO of the Bank of England
* [https://www.bankofengland.co.uk/about/people/past/lyndon-nelson/biography Lyndon Nelson], former deputy CEO of the Bank of England



Latest revision as of 16:34, 3 November 2024

Short description: Financial services technology company


Suade Labs is a regulatory technology company headquartered in London that provides regulatory reporting software to banks. Suade is a member of the World Economic Forum’s Global Innovators community[1] and Global Future Council[2], and collaborates with the WEF on research into regulatory technology.[3]

As of 2024, Suade employs approximately 100 people and has offices in London, New York and Singapore.

Services

Suade assists banks and financial institutions to submit regulatory returns to regulators including the European Banking Authority, the Bank of England, and the US Federal Reserve.

Most of Suade's customers use cloud-based software which enables them to receive monthly or weekly software updates.

History

Suade was founded in London in 2014.[4] The company received a European Commission grant in 2015[5] to help create an open-source standard for regulatory reporting, called FIRE (FInancial REgulatory Data Standard).

Suade was listed as one of the 'FinTech50' list of high-potential European fintech firms in 2017.[6]

Suade received funding from the Monetary Authority of Singapore in 2018 and started doing business in Singapore the same year.[7][8]

In 2021, Suade received investment from a panel of investors led by Glenn Hutchins.[9][10][11]

The company is advised by a panel of regulatory experts[12] including:

  • William (Bill) Coen, former secretary general of theBasel Committee on Banking Supervision (BCBS)[13][14]
  • William (Bill) Dudley, former Federal Reserve Bank of New York president
  • Eugene (Gene) Ludwig, 27th Comptroller of Currency under former President Bill Clinton[15]
  • Lyndon Nelson, former deputy CEO of the Bank of England

References

  1. "Suade Labs". https://www.weforum.org/people/diana-paredes/. 
  2. "Suade". https://www.weforum.org/organizations/suade-labs/. 
  3. "Suade Labs and the World Economic Forum". January 2022. https://suade.org/world-economic-forum/. 
  4. "UK Companies House". https://find-and-update.company-information.service.gov.uk/company/09197033. 
  5. "Open Data Incubator Europe". https://opendataincubator.eu/category/suade/. 
  6. "Here are the 50 hottest fintech firms in Europe right now". CNBC. 2017-06-07. https://www.cnbc.com/2017/06/07/fintech50-list-here-are-the-50-hottest-fintech-firms-in-europe-right-now.html?ref=suade.org. 
  7. "Global RegTech firm, Suade Labs, opens office in Singapore to support its global expansion plans". Suade Labs (Press release). December 2021. Retrieved 21 June 2024.
  8. "TD Securities Continues to Successfully Implement Suade Labs' Solutions for Regulatory Reporting" (Press release). PR Newswire. 2021-12-01. Retrieved 21 June 2024.
  9. "Suade Labs, global RegTech solutions provider, raises strategic funding led by tech investing pioneer Glenn Hutchins" (Press release). PR Newswire. 2021-11-17. Retrieved 21 June 2024.
  10. "Suade Labs raises strategic Series a Funding". Fintech Finance News. 2021-11-17. https://ffnews.com/newsarticle/suade-labs-raises-strategic-series-a-funding/. 
  11. "Investment in Suade Labs by North Island Family Office" (in en-GB). 2021-05-12. https://www.bdo.co.uk/en-gb/deals/investment-in-suade-labs-by-north-island-family-office. 
  12. "Financial Market Stress Causes Suade to Launch a Think Tank Featuring Eugene Ludwig & Lyndon Nelson". Fintech Times. 2023-05-15. https://thefintechtimes.com/financial-market-stress-causes-suade-to-launch-a-think-tank-featuring-eugene-ludwig-lyndon-nelson/. 
  13. "Bill Coen - KPMG Global". KPMG. 2024-05-15. https://kpmg.com/xx/en/home/contacts/c/bill-coen.html. 
  14. "Bill Coen". 2 February 2023. https://suade.org/suade-org-william-bill-coen/. 
  15. "RegTech firm Suade Labs raises Series A" (in en). 2021-11-17. https://www.finextra.com/pressarticle/90309/regtech-firm-suade-labs-raises-series-a. 

External links