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PolicyWorks acquires regulatory technology firm ViClarity

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Regulatory compliance firm PolicyWorks LLC in West Des Moines has acquired ViClarity Inc., an international technology provider based in Ireland. ViClarity distributes the governance, risk and compliance platform of the same name, which it developed and launched in 2008. The firm’s 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, the companies said in a news release. “Agile, iterative technology that can quickly adapt to the ever-changing regulatory environment is a crucial asset for credit unions of all sizes,” said Miriam De Dios Woodward, PolicyWorks CEO. “Our ownership in such a platform gives credit unions greater influence over how the technology will evolve to meet today’s dynamic regulatory landscape.” ViClarity was named to the 2019 RegTech 100 list, a collection of the world’s most innovative regtech companies.