The startup develops a financial markets platform that standardizes query types and workflows to address common custody client service issues. By creating uniform message schemas and business process flows, the platform enhances communication and issue tracking between banks and clients.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The financial services industry faces challenges in managing exceptions related to income collection and tax reclaims due to fragmented, manual processes relying on emails, faxes, and physical documents. This leads to delays, errors, inefficiencies, increased operational risk, and a lack of transparency between counterparties.
Solution
Kingfield provides a shared case management platform designed to standardize and streamline exception resolution for income collection claims and tax reclaims. The platform creates a secure network environment where global custodians, broker/dealers, service partners, and their clients can interact using standardized operational messaging and workflows. By digitizing the entire claims lifecycle and providing a single, shared record, Kingfield enhances transparency, improves controls, and reduces operational risk. The platform's customizable reporting features enable effective exposure tracking and risk mitigation, while its standardized directories and templates promote consistency across multiple financial institutions.
Target Audience
The primary target audience includes global custodians, sub-custody banks, prime brokers, asset managers, and other financial institutions involved in income collection and tax reclaim processes.
Features
- Common case management platform for income collection claims and tax reclaims
- Standardized operational messaging and workflows
- Secure network environment for interaction between clients, counterparties, and agent banks
- Real-time updates and a single shared record of claims
- Customizable reporting features for effective exposure tracking
- Automated workflows to minimize risk and improve efficiency
- Standardized directories and templates across multiple financial institutions
- Customizable dashboards for monitoring and managing claims