Droit and KOR Collaborate to Deliver Global Reporting Platform

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Droit, a technology firm at the forefront of computational law and regulation, along with KOR, the innovative provider of global reporting services and trade repositories, today announced a partnership that embeds Droit’s leading Adept eligibility service in KOR’s modern platform.

KOR and Droit have come together to address persistent industry challenges amidst evolving regulatory change. KOR’s modular end-to-end reporting service is complemented by Droit’s trusted and consensus-driven eligibility rulesets for reporting obligations. The result is unparalleled transparency and control across each processing stage for accurate, compliant and timely reporting.

Clients derive operational value immediately via a single access point to KOR that seamlessly delivers all Droit Adept capabilities. Droit Adept decisions automatically trigger KOR reporting to the correct regime and provide the critical insights necessary to properly manage over/under-reporting reconciliation. In a continuously evolving regulatory environment, Droit’s management of eligibility rules combined with KOR’s direct regulator interface enables clients to always remain ahead of the game.

Financial institutions choose KOR for its advanced technology designed with compliance, performance and evolution at its heart. Reducing risk through a single global platform, KOR empowers clients in all aspects of reporting, data collection, rules, validation, submission, reconciliation, and exception management.

Also Read: Embedded Finance Trends Reshaping B2B Payment Dynamics

“At the core of our trade reporting platform lies a dedication to user experience, hyper-transparency and self-service capabilities,” states KOR CEO and Founder Jonathan Thursby. “Partnering with Droit is wholly complementary in our mission to bring the most advanced capabilities to our customers that help them submit complete and accurate reports in a timely manner, every single day.”

“Our clients face accelerating regulatory change, while at the same time, regulators continue to raise their expectations for compliance. At this critical juncture, KOR and Droit’s partnership will set the new benchmark for strategic reporting solutions,” said Brock Arnason, Founder and Chief Executive Officer of Droit. “By integrating our patented Adept platform and proven, consensus-driven eligibility rules into this joint service, KOR’s next-gen platform now offers firms unrivaled traceability, transparency, and auditability.”

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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