28th November 2022 – Fundipedia and Kore Labs (Kore) today announce that they 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.
Connecting the two platforms enables investment managers to manage product design, creation, reviews, and changes efficiently and effectively. The combination eliminates silos of tasks and data to create a seamless flow of information between the teams involved. Firms are having to work harder than ever to differentiate themselves from their competitors due to a range of regulatory pressures, including Consumer Duty and upcoming reporting obligations such as PRIIPs. Against this background, accelerating the product development pipeline delivers significant business benefits.
The collaboration between Kore and Fundipedia ensures that the data dots are connected; from decisions made in the product design phase, through to the creation of the product, dissemination of product data downstream, and onto the delivery of continuous monitoring of both commercial success and customer outcomes.
“Partnership with Kore makes a huge amount of sense for our investment manager clients. By combining the intelligent digital lifecycle that Kore creates to manage product decisions, with the data and workflow capabilities in Fundipedia, our clients gain total end-to-end oversight and control of their products, from ideation to downstream dissemination. This is a win for both our clients and their customers. Providing a simplified way to meet multiple regulatory demands” said Simon Swords, managing director of Fundipedia.
“For most asset managers, bringing products to market is a complex process that often results in information gaps and inefficiencies. Delivering a robust, auditable trail of all decisions made from product conception to retirement is particularly challenging due to the long product shelf-life, vast amount of data, and multiple teams involved. This is coming into even sharper focus with the requirement to meet the new Consumer Duty regulations” said Sabrina Del Prete, founder, and CEO at Kore Labs.
Del Prete continued, “Working with Fundipedia we can deliver cradle to grave product management, governance, and controls, with a full audit trail. All of which makes launch, review, and change cycles more efficient, allowing firms to be agile and innovative while giving boards confidence in their ongoing regulatory compliance.”
Commenting on the news, Gillian Painter, Head of Membership and Engine at the Investment Association, said, “We’re delighted to see Kore Labs, a current member of the IA’s Engine Innovator programme working together with, Fundipedia, a recent alumni. The UK is a global leader in fintech, and their partnership is a testament to the programme’s ability to mentor and connect fintechs at crucial stages in their development. We look forward to seeing what’s next in the coming months.”
About Kore Labs
Kore is a turn-key digital solution for product governance for banks, investment managers and insurance companies. Kore’s Product-Management-as-a-Service platforms offers a set of specialised digital tools for creating, managing, and monitoring financial products, from ideation to retirement. With hundreds of controls and checks to facilitate compliance, transparency and collaboration, Kore allows organisations to build a full digital audit trail of product events and decisions, retrievable at the touch of a button.
Kore has a rapidly expanding customer base in UK and Europe Kore’s dedication to innovation has been rewarded with two government grants recognising its “potential to have a game-changing impact on the UK economy.” Kore has won a place in two highly contested accelerator initiatives: the Investment Association Engine Innovator (2022/23) and PwC Raise (2021). In 2021 Wealth & Finance International named Kore “Most Innovative Digital Product Governance SaaS Solution.” The company is headquartered in London, UK.
More information at: www.korelabs.co
About Fundipedia
Founded in 2007, Fundipedia provides data software and consultancy to the investment management industry.
Used by the largest investment managers in the world, the Fundipedia platform delivers innovative technology that enables financial institutions to collect, disseminate and reconcile all their product data—providing end-to-end control and insights that drive smart business decisions. This gives our clients the confidence to meet regulatory demands with ease.
The Fundipedia team includes technology experts, asset management industry veterans, and entrepreneurial builders, connected by a common goal; to build technology solutions and provide consulting services that help clients make the most of their data.
For more information about Fundipedia, please visit www.fundipedia.com
Contacts
Allan Edwards, The Agency Partnership, for Kore Labs:
allan.edwards@theagencypartnership.com
Tel: +44 (0)7956 583080
Craig Driscoll, Director of Product, Fundipedia:
craig.driscoll@fundipedia.com