Droit and KOR partner on regulatory reporting solution
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Droit and KOR partner on regulatory reporting solution 15 November 2023UK Reporter: Lucy Carter
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Computational law and regulation-focused technology firm Droit has partnered with reporting services and trade repositories provider KOR to address industry challenges around regulatory change.
The Droit eligibility service, Adept, is available via a single-access point on the KOR platform. Decisions made by the solution trigger KOR reporting and product reporting reconciliation management insights, improving transparency and control across processing stages and enabling accurate, timely and compliant reporting.
As the regulatory environment continues to evolve at pace, this collaboration will help clients to get ahead of updates, the companies say.
Jonathan Thursby, founder and CEO of KOR, says: "At the core of our trade reporting platform lies a dedication to user experience, hyper-transparency and self-service capabilities. Partnering with Droit is 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.”
Brock Arnason, founder and CEO of Droit, says: “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.
“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."
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