Kore Labs today announced that Charles Stanley, one of the UK’s leading wealth managers, will be using Kore’s cutting-edge technology to digitise its product management and product governance processes.
Kore provides a unique Product Relationship Management as-a-service platform. Firms use its specialised digital tools to create, manage and monitor financial products, from ideation to retirement. These capabilities are vital for wealth managers, given their diverse sets of products and wrappers, current regulatory reporting requirements, and the new Financial Conduct Authority’s Consumer Duty rules, due to be published this summer.
Charles Stanley is at the forefront of the wealth management industry as a result of the early adoption of innovative technologies. By using Kore, Charles Stanley will be able to streamline and transform product management processes, and evolve its product governance programme by creating a digital audit trail for regulatory compliance.
Sabrina del Prete, CEO, Kore, commented: “We are incredibly excited to support Charles Stanley as it digitises its product lifecycle and product governance processes.
“Kore’s technology will enable Charles Stanley to increase its efficiency, reduce operational risk, and will further bolster the ability of senior management to evidence regulatory compliance.”
“By embracing Kore technology, Charles Stanley leads the industry in taking product governance to the next level. Product governance is more than just a compliance requirement – it can be a source of competitive advantage, too.”
Michael Bennett, COO, Charles Stanley, commented: “We are delighted to work with Kore and to embed their solution in our day-to-day activities. The solution will provide us with an even more robust oversight of a number of key business areas in line with evolving regulatory requirements and best market practice, all for the benefit of our clients.”