News Release: Suade celebrates 10 years of innovation and excellence with ambitious growth plans

London, UK – June 2024 – RegTech Company, Suade, a leading provider of regulatory reporting and financial risk solutions, proudly celebrates its 10th anniversary this year. Since its inception in 2014, Suade has been at the forefront of transforming regulatory reporting through innovation, technology, and a commitment to excellence.

To mark this momentous occasion, Suade will host an anniversary party on 3 September, celebrating a decade of achievements and looking forward to future innovations. Find out more here.

Founding Vision and Milestones

In 2014, recognising the inefficiencies in existing regulatory reporting systems, Suade was founded with a clear mission: to create faster, more efficient, and cost-effective solutions. This vision led to the development of FIRE, an open-source data standard, which has since become a cornerstone of Suade’s product offerings.

Our journey from a start-up RegTech to a global leader in Regulatory Reporting reflects our commitment to innovation, client success, and industry leadership. Reflecting on our journey over the past decade, we are immensely proud of what we have achieved. Our commitment to innovation and excellence has driven us to develop solutions that are truly transformative for the financial industry. We are excited about the future and remain dedicated to our mission of making regulatory reporting faster, more efficient, and cost-effective.

Diana Paredes, CEO and Co-founder of Suade.

Milestones:

2014: The beginning

• Suade was founded with the mission to revolutionise financial regulation through technology. We opened our first office in London, establishing our base for future progress.

2015: Early recognition and innovation

• Our potential was quickly recognised when we received a European Commission grant for The Financial Regulatory (FIRE) Data Standard. This year also saw the launch of the Suade Platform, laying the foundation for our future growth.

2016: First major client and growth

• We secured our first Global Systemically Important Bank (GSIB) client, sparking a period of rapid organic growth.

2017: Industry recognition

• Suade was recognised as a leading tech company by prestigious global organisations, including the World Economic Forum, which named us a Technology Pioneer.

2018: Expanding horizons

• Our reach expanded to Asia when we received funding from the Monetary Authority of Singapore and secured our first Singaporean GSIB client.

2019: Elevated status

• The World Economic Forum promoted Suade from Tech Pioneer to Global Innovators, highlighting our impact and influence in the industry.

2020: New ventures

• A year of significant milestones: we contributed to the Davos Agenda, opened our New York office, and supported the FCA and Bank of England in a regulatory reporting revolution.

2021: Strategic growth

• We secured significant investment and expanded our board of advisors with industry leaders Glenn Hutchins and Bill Coen. Additionally, we opened our Singapore office and launched our annual RegTech Forum.

2022: Sustainable growth, sustainable finance

• We launched our ESG product and secured our first North American client, broadening our focus to include environmental, social, and governance initiatives.

2023: Thought leadership

• Last year, we launched the Regulatory User Understanding Forum (RUUF) and ThinkTank with Former Regulators, reinforcing our commitment to thought leadership and industry collaboration.

2024: Strengthening our European presence

• As we celebrate our 10th anniversary, we are excited to announce the opening of our Madrid office, further strengthening our presence in Europe.

Global Impact and Client Base

Today, Suade serves a diverse and global client base, spanning Europe, North America, and Asia. Our solutions are trusted by financial institutions worldwide, and we maintain strong relationships with regulatory bodies such as the Bank of England, European Central Bank, Federal Reserve, OCC, MAS, and APRA.

Joining Suade in its early days and witnessing its growth has been an incredible experience. From developing our first product to becoming a leader in the industry, our journey has been driven by a passion for innovation and dedication to solving real problems for our clients.

Samir Dahmani, Chief Product Officer.

Leadership and Advisory Board

Suade’s success is supported by a team of senior advisors and investors with extensive experience in the financial sector:

• Glenn Hutchins
• Gene Ludwig
• William Dudley
• William Coen
• Lyndon Nelson
• Sarah Overbay
• Lee J. Styslinger
• Tom Glocer
• Cris Conde

Looking ahead, Suade plans to continue innovating and expanding its product range and jurisdictional coverage across Europe, North America, and APAC.

For more information, please contact us.

About Suade

Suade is a leading provider of regulatory reporting and financial risk solutions, leveraging innovative technology and expert knowledge to deliver faster, more efficient, and cost-effective solutions for financial institutions worldwide.