Kore Labs provides a digital product management platform that enables financial services firms to create, manage, and monitor financial products within a controlled environment, ensuring compliance with regulatory standards. The platform centralizes product information and governance processes, enhancing transparency and reducing the risk of errors throughout the product lifecycle.
Funding
$11M 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
Financial services firms face challenges in managing the lifecycle of financial products due to manual processes, scattered information, and inconsistent data formats. This can lead to inefficiencies, data errors, and difficulties in maintaining compliance with evolving regulatory standards, potentially resulting in poor customer outcomes and increased risk.
Solution
Kore Labs offers a digital product management platform designed to streamline the creation, management, and monitoring of financial products within a controlled environment. The platform, KorePRM®, centralizes product information, automates governance processes, and provides a digital audit trail, enhancing transparency and reducing the risk of errors. By providing a single point of entry for all product-related data, the platform enables front office teams and support functions to access up-to-date information on the go. The platform's digital tools guide professionals through product governance processes, establishing best practices and ensuring regulatory compliance.
Target Audience
The primary users are product managers, compliance officers, legal teams, risk managers, operations personnel, senior managers, and client-facing teams within financial services organizations.
Features
- Centralized repository for all internal and external product information
- Digital audit trail of product events and decisions
- Automated product governance workflows
- Real-time product dashboards and analytics
- Role-based access controls
- Integration with existing technology infrastructure
- Cloud-based deployment