Kerry’s ViClarity merges with US firm PolicyWorks

Tralee-based tech firm ViClarity has merged with US regulatory compliance player for credit unions PolicyWorks.

ViClarity was founded in 2008 by John Ogie Sheehy and specialises in regulatory tech (regtech) for the financial services and healthcare industry.

The award-winning ViClarity platform was initially developed for the credit union industry in Ireland and is now used by more than 300 clients in financial services and other regulated industries across Europe and North America.

PolicyWorks has served as a resource for more than 1,200 credit unions across the US with compliance and audit services.

US expansion

As part of the merger ViClarity will open a new office in Des Moines, Iowa.

The platform was chosen from among hundreds evaluated by the PolicyWorks team.

“The infusion of support from another provider that proudly supports the cooperative model is something of a dream scenario for our shop,” said ViClarity gounder and CEO John Ogie Sheehy.

“Our future depends on great partnerships with leaders who believe in our mission and values.

“We’re excited to share our love of technology and passion for making governance, risk and compliance easier more broadly among US credit unions and look forward to working with the people of PolicyWorks to do so,” Sheehy said.

ViClarity will become available as a product of PolicyWorks, while it continues to provide services to clients across Europe and North America.

Written by John Kennedy (john.kennedy3@boi.com)

Published: 25 February, 2020