02 February 2023
Kore Labs (“Kore”) today announces that Banca Mediolanum, one of Italy’s leading banking groups, including retail banking, life and non-life insurance and mutual funds, will be adopting Kore’s Product Relationship Management as-a-service platform (PRM) to support its product governance processes.
Banca Mediolanum is the latest financial institution to sign-up to Kore’s innovative new technology, which is transforming how financial services firms approach product management and product governance.
Kore provides a unique, market leading technology with specialised digital tools that banks are using to create, manage and monitor their products. These capabilities enable banks to digitise the management and governance of their products across the entire product lifecycle, bringing greater transparency to processes, and a wealth of data that enhances business decision-making.
In adopting Kore to strengthen its overall approach to product governance, Banca Mediolanum will be reducing manual processes, it will be better able to manage and reduce risk across the business. Kore’s platform functionality will enable Banca Mediolanum to create fully digitised audit trails of product management activities and key metrics for senior management and Supervisory reporting. This digitisation and the data generated will enable Banca Mediolanum to boost product risk management around their offerings, both existing and new.
Sabrina del Prete, CEO, Kore, commented: “We are delighted to count another prestigious bank amongst our valued customers. Banca Mediolanum with their known commitment to client focus aligns perfectly to the Kore purpose and we are excited to work with them to enable their customer-centric approach to product management.
As the banking industry embraces regulations and effective product management, product governance will play a critical role in on-going compliance with the regulations. Kore’s technology is an essential tool for meeting these obligations.”