RegTech platform Kore has successfully raised nearly £2.4 million through an oversubscribed funding round led by angel network Wealth Club under the Enterprise Investment Scheme (EIS). Kore’s software-as-a-service (SaaS) platform aids large financial institutions in expediting regulatory compliance. The platform creates a digital audit trail across all products and functions, offering regulatory oversight for senior managers, cross-product management tools for specialists, and an intuitive product hub for frontline users.
Since its inception in 2019, Kore has achieved consistent revenue growth, doubling year-on-year. The company foresees further expansion with the introduction of new Consumer Duty rules in the UK, which necessitate firms to demonstrate positive customer outcomes from their sales and marketing activities.
Kore’s leadership team boasts extensive experience in the financial sector. CEO Sabrina Del Prete previously held roles at Coutts Digital and Williams&Glyn, while Chairman Phil Smith was a global managing director at Barclays Wealth Management and founder of the Embark Group, which Lloyds acquired for £390 million last year.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}