Product management made easy
A set of digital tools for creating, managing and monitoring financial products in a controlled environment.
Achieving Consumer Duty compliance
Josh Blundell and John Liver discuss the roadmap for the next 3 months. We are now in the run up to the main rules which come into force on 31 July 2023 for existing products and services. The immediate deadline firms must consider is 30 April 2023, when they must have finished their review of existing open products.
FCA Innovation Pathways
We are pleased to announce our acceptance onto the Financial Conduct Authority’s (FCA) Innovation Pathways programme as part of the development of our new service WikiKore. This FCA initiative is established to support financial services firms to launch innovative products and services.
Kore selected to join Barclays Rise
Bringing together a global community of innovators and financial experts, and the tools for high growth, Barclays Rise supports the expansion of fintech companies disrupting financial services. Kore has been chosen for the significant impact it is having on the sector.
“Our partnership with Kore will enable us to add further rigour and discipline to our product governance process, which in turn will help support us on our journey to deliver an unrivalled experience to our clients.”
Chief Client Officer, 7IM
Built for professionals managing financial products
Product managers and their support colleagues in Compliance, Legal, Risk, Operations and any other department handling product events and related activity. Some of these product specialists carry a personal liability for poor product governance.
Senior managers require a real-time understanding of the entire product set, including the back book. They also have stringent efficiency targets.
Client facing teams
Front-line teams are expected to have a deep knowledge of the entire product set and exactly match product to the needs of their clients. Their clients require timely responses and superior service at all times.
Everything you need, in one place
Product management made easy
Thousands of events, data, decisions, and documents are produced during the lifecycle of these products. They come in inconsistent formats and often are handled through highly manual processes. Kore addresses these issues head-on with a rapidly scalable turn-key digital service specifically designed for professionals handling financial products.
Product information all in one place
Front office teams and support functions need a single entry point to all internal and external product information. Easy to navigate, always up to date and available on the go.
Digital evidence of product governance
Product governance oversight and lifecycle management are at the forefront of regulatory scrutiny. Kore’s digital tools guide professionals through product governance processes, enabling them to avoid errors, establish best practices, and build an audit trail that is all-inclusive and retrievable at the touch of a button.
Product dashboards and analytics
Cross-functional visibility across all product sets and the end-to-end lifecycle is key to strategic decision-making. Kore gives you perspective and depth of information that is easy to access and interrogate.
Compliance requires evidence
“Most asset managers had poor record keeping. This may have been due to a lack of formal process in product design and oversight. Critically, where firms did not document challenge, decisions and checks, they were unable to recall what activities had taken place. The inability to evidence robust challenge and oversight should raise concern for those individuals accountable for this activity (the focus of the new Senior Management and Certification Regime) as it leaves firms and those accountable unable to evidence challenge and oversight”.
— FCA’S MIFID II Product Governance Multi-firm Review (extract), 26 Feb 2021