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Kore Labs
United Kingdom
2019 (6 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Kore Labs
Company Information
Get to know Kore Labs
Kore is a cloud-enabled, SaaS solution for digital product governance in the financial services industry and the first-ever PRM (Product Relationship Management) application. Our turn-key digital service aggregates, organises, visualises and analyses product data throughout the entire product lifecycle, from idea generation to retirement. We provide a complete digital audit trail of events and decisions related to a financial product. Crucially, we build corporate memory, with product events and historical information retrievable at the touch of a button and stored in a uniform format. We accommodate all regulated financial product types including investments, savings, lending, payments, and insurance – both for small businesses and large enterprises. Our solution is fully configurable, modular and acts as a digital layer that sits above legacy systems. Implementation can be staggered and needs no big bang data migration or heavy systems integration. Kore enables: 1. True product governance oversight, allowing senior managers to meet their regulatory obligations 2. Controlled and cost-effective cross-product management for product specialists 3. Intuitive and consistent product information for the front-line
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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