KOR Financial offers cloud-native trade repository and regulatory reporting services that ensure compliance with global financial regulations, including CFTC and EMIR. Their platform simplifies data collection and reporting for businesses engaged in cross-border trade, significantly reducing administrative overhead and enhancing data quality.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face increasing complexity and costs in complying with evolving global regulations for derivatives trade reporting. Existing solutions often lack the flexibility to adapt to new regulatory requirements across different jurisdictions, leading to operational inefficiencies and potential compliance breaches.
Solution
KOR Financial provides a cloud-native trade repository and regulatory reporting platform designed to streamline compliance with global financial regulations, including CFTC, SEC, EMIR, ASIC, and MAS. The platform offers a single point of integration for data collection, validation, and submission, reducing the administrative burden and improving data quality. KOR's solution supports various integration methods, including APIs, FTP, and a user interface, enabling seamless data submission. By automating the reporting process and providing real-time insights into operations, KOR helps financial institutions stay ahead of regulatory changes and focus on core business activities.
Target Audience
KOR Financial primarily serves financial institutions, including banks, hedge funds, and asset managers, that are required to comply with derivatives trade reporting regulations across multiple jurisdictions.
Features
- Global regulatory reporting coverage across key jurisdictions, including North America, EU/UK, and APAC
- Real-time UI operations dashboard for monitoring reporting status and identifying errors
- Pre-validation services to ensure data accuracy and completeness before submission
- Flexible integration options via APIs, FTP, and user-friendly interface
- ISO 27001 and SOC 2 Type 2 certifications, ensuring data security and compliance
- Support for Unique Product Identifier (UPI) requirements
- Real-time error reporting and timeliness calculations