Prospect 33 declares the acquisition of New York Consultancy, 8of9 Consulting, LLC
NEW YORK, February 9, 2021 / PRNewswire / – Prospect 33 is pleased to announce the advisory business of 8of9, a new York-based regulatory advisory and technology company. Prospect 33 and 8of9 have had a strong strategic partnership since early 2019. This acquisition enhances our high-level domain expertise and strengthens Prospect 33’s advisory capabilities in the area of risk and regulation.
“Products and markets are constantly evolving, and so is the responsibility of businesses and regulators to ensure that safe practices are constantly evolving. In general, regulatory change remains,” he says Mary Kopczynski, CEO and founder of 8of9. “In recent years, our companies have entered into very successful partnerships that have shown exactly how complementary our capabilities are. This acquisition enables us all to offer our existing customers even better service and to gain additional customers.”
The combined divisions will enable Prospect 33 to better leverage 8of9’s extensive domain and regulatory expertise to support customer loyalty on a more strategic level. Both Kopczynski and the COO of 8of9, Aaron Heislerwill continue to work with Prospect 33 as a strategic partner and bring their expertise to the long-established risk and regulatory practice of Prospect 33. At the same time, the focus will be on the product spin-off from 8of9 RegAlytics, a strategic RegTech business that covers regulatory alerts for over 1,600 US regulators.
According to the CEO of Prospect 33, Tom spouse“We have tried for several years to strengthen our risk and regulatory practices and the natural partnership with 8of9 made the decision to bring the two companies together very easy. We now have the ability to provide our clients with projects and programs across the board Life cycle support. ” I see this as one step closer to our strategy of making Prospect 33 a full-service consulting company. Combined with our recently established Digital & AI practice, we now have a highly relevant service portfolio that positions us to address wider and deeper engagements. “
Prospect 33 is a leading consulting firm specializing in enterprise data management, the use of data science, machine learning and artificial intelligence, using FinTech to drive digital, risk and regulatory transformation in the financial services industry. Prospect 33 believes that its capabilities in this sector can be further strengthened through strategic hires, partnerships and acquisitions, especially in 2021.
Prospect 33 pursues an ongoing strategy for acquisition and growth in strategic markets around FS, AI and Risk & Regulatory Change during the course of 2021.
SOURCE Outlook 33
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