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Kore FCA Consumer Duty White Paper

Consumer Duty is coming soon

Why, when and what do you need to do?

The FCA wants to see transformational change in the way financial services firms manage product governance, as part of the new Consumer Duty policy.

With Consumer Duty sitting firmly in the fiduciary accountability box, and the costs of effectively evidencing product lifecycle management increasing, firms that are unable to evidence adequate controls may need to raise regulatory capital allocations in the future.

The finalised guidance was published in July 2022, with an implementation deadline of 31 July for new and existing products. This leaves firms with a short window to get compliance right.

What questions should you ask now, so you can comply in time? We answer these questions and more in our white paper, FCA Consumer Duty: Mandating a strategic and evidential approach to financial product governance.

Latest insights & news

Fundipedia and Kore announce partnership to create end-to-end product lifecycle and data management solution for asset managers
We are pleased to announce that we have entered a strategic partnership to integrate Fundipedia’s enterprise fund data management solution with Kore’s product governance and end-to-end digital lifecycle management platform.
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Kore adds 7IM to its rapidly growing client community
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Kore welcomes Weatherbys to the PRM revolution
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Charles Stanley takes industry-leading approach by adopting Kore
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Why robust product governance is key to Consumer Duty compliance
The new Consumer Duty policy from the UK Financial Conduct Authority (FCA) is set to bring in substantial changes to the way financial firms manage product governance. The window for compliance is short.
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Kore expands leadership team with Vincent Cambonie joining as CFO
We are pleased to announce the appointment of Vincent Cambonie as CFO. Vincent was most recently a Partner and Group CFO of Embark Group. Vincent will help Kore build on its significant growth in the past 18 months, and further strengthens our leadership team.
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Kore appoints leading industry figures to Board
Following a period of rapid growth in 2021, Kore announces the appointment of two seasoned Non-Executive Directors to its Board. Phil Smith, previously Founder and Group Chief Executive of the Embark Group, joins with immediate effect as Non-Executive Chairman. Phil is joined by Sally Clark, currently an Independent Board Member and Non-Executive Director at Citibank, Metro Bank and FinTech business Acin.
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Kore shines a light on financial product governance at EmTech Global
Kore founder Sabrina Del Prete presented our pioneering Product-Management-as-a-Service solution live on stage at EmTech Global on March 28th. In just 3 minutes she explained to members of the global investment management community how Kore can lower risk, ensure compliance and boost efficiency.
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Our CEO is on the Innovate Finance #WIFPowerlist21
We are proud to announce that for the second consecutive year our very own Founder and CEO Sabrina Del Prete is on the Innovate Finance #WIFPowerlist21 ⚡️The Powerlist shines a spotlight on the amazing work of so many fantastic women over the past year and we are thrilled that Sabrina has been included in the ‘Senior Leaders’ category. Congratulations!
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Part of the Investment Association community
We're thrilled to be part of The Investment Association community. IA's key purpose is to make investment better for savers and investors, for companies and their employees, and for the economy. That way, everyone prospers. Their initiatives highlight issues the members care about or are trying to change in the world around us.
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Wealth&Finance FinTech Award 2021
Hosted by Wealth & Finance in 2021, the FinTech Awards aim to recognise and spotlight individuals, companies and enterprises across the hugely diverse global FinTech industry who seek to transform the way we manage our finances! We have been awarded in 2021 ‘Most Innovative Digital Product Governance SaaS Solution 2021’.
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Cass research published
We were delighted at this white paper being finished in conjunction with Cass Business School and Innovate UK. The research focussed on people’s financial needs and how they are matched with financial products in UK retail financial and wealth management.
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Following an in-depth judging process, involving scores of applicants, Kore is thrilled to have been awarded one of just five places on The Investment Association’s 2022/2023 IA Engine Innovator accelerator programme. Places are awarded by the 27-strong IA Advisory Panel of investment industry experts. As a member of Cohort 5 Kore will be front and centre of the IA’s initiative to showcase our financial product governance solution to the investment management community and support our growth.

We're in the Cohort 5 of the IA Engine Accelerator

Our CEO Sabrina Del Prete has been selected for the Women in FinTech Powerlist 2021, which attracts hundreds of nominees every year.  Her listing in the Senior Leaders category, for the second year running, recognises her immense contribution to FinTech and exceptional performance as a  business leader.

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