KOR integrates Droit’s eligibility rulesets into its regulatory reporting platform

Rick Steves

“As regulatory changes accelerate and compliance expectations rise, our alliance with KOR represents a strategic shift in reporting solutions. Integrating our Adept platform and consensus-driven eligibility rules into KOR’s next-gen platform provides unmatched traceability, transparency, and auditability for firms.”

Droit and KOR have announced the integration of Droit’s Adept eligibility service into KOR’s reporting platform, offering an unparalleled solution for navigating the complexities of global regulatory rewrites.

Droit is a pioneer in computational law and regulation. The firm’s Adept platform processes millions of inquiries daily, delivering real-time decisions on the legality of financial interactions worldwide. Adept’s rapid processing capability is critical for institutions to understand the regulatory implications of their transactions.

Founded in 2020, U.S.-based KOR specializes in technology innovations for derivatives markets. KOR Reporting Inc operates global licensed derivative trade repositories, while KOR Financial Inc offers a full suite of services for derivatives reporting mandates.

The KOR team, comprising former trade repository heads and technology pioneers, has created a bespoke platform for transaction processing in derivatives markets.

Combining KOR’s end-to-end reporting service with Droit’s consensus-driven eligibility rulesets

The partnership addresses ongoing challenges in the financial industry amidst evolving regulatory landscapes. Combining KOR’s end-to-end reporting service with Droit’s consensus-driven eligibility rulesets, this alliance delivers unmatched transparency and control throughout the reporting process, ensuring accuracy and compliance.

Clients now have a unified access point to KOR’s platform, which seamlessly integrates Droit Adept’s capabilities. This integration automatically guides KOR reporting to the correct regime, providing vital insights for managing reporting reconciliation. In a rapidly changing regulatory environment, the partnership offers a proactive approach, with Droit managing eligibility rules and KOR interfacing directly with regulators.

Financial institutions turn to KOR for its advanced technology focused on compliance, performance, and adaptability. The platform reduces risk through a global, unified approach, empowering clients in reporting, data collection, rules validation, submission, reconciliation, and exception management.

Jonathan Thursby, CEO and Founder of KOR, said: “Our dedication to user experience, hyper-transparency, and self-service is greatly enhanced by joining forces with Droit. This collaboration allows us to offer superior capabilities to our customers, ensuring complete and accurate reporting daily.”

Brock Arnason, Founder and CEO of Droit, commented: “As regulatory changes accelerate and compliance expectations rise, our alliance with KOR represents a strategic shift in reporting solutions. Integrating our Adept platform and consensus-driven eligibility rules into KOR’s next-gen platform provides unmatched traceability, transparency, and auditability for firms.”

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