Suade Labs

Diana

Diana Parades

Business for Social Good

Diana worked on regulatory analysis for a major bank in the wake of the 2008 financial crisis, and identified that the same systems had remained in place despite the monumental upheaval. Identifying this as an opportunity for innovation, Diana founded Suade Labs in 2014 to make the industry more socially responsible. 

Suade Labs broke the status quo of software developers in the financial sector. The product they offer helps to clean and normalise large amounts of data for regulatory output. This is Regulation-as-a-service. It automates regulatory data requirements for financial institutions and minimises the cost of change involved with each new iteration of financial regulations. Their service facilitates responsible behaviour from financial institutions. This in turn protects the industry from another crash, indirectly insulating the wider community from the socio-economic impact of another financial crisis. 

Suade Labs has grown substantially since being founded in 2014 with a relatively small start-up fund for the industry. Their team of 40 are based in the UK, with another office in France and two more offices set to open in New York and Singapore. As of 2019, Suade Labs serves over 100 banks.
 

SDG 9 - Industry, Innovation and Infrastructure