Tidal Control incident
Managing risk in a fast-growing fintech: how Floryn made compliance scalable
Resolved on June 25, 2025.
Floryn, a fintech lender under De Nederlandsche Bank supervision, moved its compliance and risk processes from fragmented spreadsheets to Tidal Control after finding that recording risks and policies was not enough without systematically executing and demonstrating controls. Starting from around 120 risks built with KPMG, Floryn spread its workload across the year, linked controls directly to legislation such as the EBA guidelines, and embedded risk ownership across the whole organisation. Compliance awareness and consistent execution of internal processes have increased significantly as a result.
Update timeline
- resolved Jun 25, 2025, 12:00 AM UTC
Floryn, a fintech lender under De Nederlandsche Bank supervision, moved its compliance and risk processes from fragmented spreadsheets to Tidal Control after finding that recording risks and policies was not enough without systematically executing and demonstrating controls. Starting from around 120 risks built with KPMG, Floryn spread its workload across the year, linked controls directly to legislation such as the EBA guidelines, and embedded risk ownership across the whole organisation. Compliance awareness and consistent execution of internal processes have increased significantly as a result.
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