Tag: Blockchain

KoreConX Launches KoreID, a New Passport That Revolutionizes Online Investments

With a single click, The KoreID credentials allow the user to be identified by regulated participants, without filling out online investment forms

KoreConX launches today its cutting-edge innovation for online investment: KoreID. With KoreChain, a permission-based blockchain technology, this release changes forever how online investments are made, avoiding the risk of typos and reducing investor frustration from having to fill forms again and again.

The volume of information required from the investors can make filling out an investment application a discouraging chore, which can lead to delays in completing an investment when the needed information isn’t readily at hand, or even abandoning an application entirely. This is what KoreConX refers to as investor fatigue.

To be eligible to display the KoreID icon, companies must show their SEC filings; broker-dealers, their CRD registration; banks and funding portals must be in good standing with FINRA. KoreConX provides the login interface embedded into the web pages that use the All-In-One Platform. When a user transacts from any of these participants in our global ecosystem, they’re actually creating for themselves a KoreID, kept secure in KoreConX’s KoreChain, a permission-based blockchain, and gaining the Passport to online investing.

How it works

Wherever an individual sees the KoreID icon within the compliant KoreConX ecosystem – a company investment website, an SEC-Registered funding platform, a broker-dealer website, a bank – the regulated investment forms can be filled in almost instantaneously. All the information is only provided as needed and as authorized by the individual. The regulated platform will automatically detect that the individual already has a KoreID. As soon as the credential is recognized, it will automatically prompt them to log in using the KoreID.

More investors

Dr. Kiran Garimella, Chief Scientist and Technology Officer of KoreConX All-In-One Platform, is excited to see KoreID live and how it will affect companies and investors, potentially stimulating more people to join the private capital market: “Without the friction and the time wasted in redundant forms, investors will recall their already certified information with a single click. KoreID will motivate individuals to reinvest easily, at first, but also to accelerate new investors coming in. We are finally able to utilize blockchain to manage information and have a positive impact in the capital markets.”

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. With an innovative approach to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies, capital markets and secondary markets. Investors, broker-dealers, law firms, accountants, and investor acquisition firms leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual dealrooms for raising capital. 

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Media 

Rafael Gonçalves
rafael@koreconx.com

KoreID Tackles Investor Fatigue by Making Forms Easy

New feature by KoreConX All-In-One Platform securely allows investors and shareholders to use the same credentials they have already entered through a compliant, permissioned-based blockchain. With KoreID, all information is provided as needed and only as authorized by the individual.

NEW YORK, September 9, 2022 (Newswire.com) – Investing online would be convenient if you didn’t have to fill out form after form with the same information every time. This is what KoreConX addresses as investor fatigue: it can be an issue to have all documents in hand, and retyping all information multiplies the risk of typos. The tedium and frustration often makes the individual give up in the middle of the process. For that reason, KoreConX is launching the KoreID on Sept. 21.

To be eligible to use KoreID, companies must show their SEC filings; broker-dealers, their CRD registration; banks and funding portals must be in good standing with FINRA. This allows the whole process to be seamless and compliant.

KoreConX provides the login interface embedded into the web pages that use the All-In-One Platform. When a user logs into any of these regulated portals, they’re actually creating for themselves a KoreID that is kept secure in KoreConX’s KoreChain, a permission-based blockchain.

Dr. Kiran Garimella, CTO of KoreConX All-In-One Platform, is proud of what the company has accomplished: “We have eliminated the time wasted filling and re-filling forms, and reduced the risk of typos. Investors can simply recall their already certified information with a single click.” The best part is there are no additional fees to use it.

How it works – wherever an individual sees the KoreID icon within the compliant KoreConX ecosystem – a company website, an SEC-Registered funding platform, a broker-dealer website, a bank – the regulated investment forms can be filled in almost instantaneously. All the information is only provided as needed and as authorized by the individual. Even though the investors may not recognize the icon at first, they will enter their email address. The regulated platform will automatically detect that the individual already has a KoreID. As soon as the email address is entered, it will automatically prompt them to log in using the KoreID. Then, they can enter their password and answer a security question to be logged in.

About KoreConX

Founded in 2016, KoreConX offers the first secure, All-In-One platform that manages private companies’ capital market activity and stakeholder communications. With an innovative approach to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies, capital markets and secondary markets. Investors, broker-dealers, law firms, accountants and investor acquisition firms, all leverage our ecosystem solution. For investor relations and fundraising, the platform enables private companies to share and manage corporate records and investments: it assists with portfolio management, capitalization table and shareholder management, virtual minute book, security registration, transfer agent services, and virtual dealrooms for raising capital. 

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Media Contacts:
KoreConX
Rafael Gonçalves
rafael@koreconx.com

KoreConX adds Fintech Industry leader Paul Niederer #05 September 2019

[New York, NY – 05 September 2019 ] – KoreConX is thrilled to announce that the addition of Paul Niederer to join the KoreConX team in Australia.

Paul Niederer is one of the world’s leading authorities in equity-based crowdfunding, fintech, investor aggregation, and the emerging trust-based blockchain-driven systems related to capital raising. He has been personally involved with, and has successfully assisted, 92 companies to raise capital.

Due to his vast experience in the due diligence processes involved in capital raising for businesses and non-profits, he is sought-after by the SEC and a score of regulators worldwide. His advice on building compliant systems for capital raising is invaluable.

“Oscar & I go back to the early formation of democratization of capital as the world began to adopt crowdfunding.  The vision for me personally has always been to make it easier for companies to access capital and provide the investor with an opportunity to be part of these companies’ journeys.  Over the years,h KoreConX has developed the ability to finally bring that vision to life.  

There is no other platform in the world that brings everything that is needed for the entire private capital markets to come together, for the companies, investors, shareholders, broker-dealers, ATS operators, transfer agents, share registry, lawyer, auditors, and regulators—and I get to be a part of making it happen,” said Paul Niederer

KoreConX Australia will have two locations to serve our clients in the region (East and West).  Paul will join the current team in Australia.

“There are only a few people in the world that truly understand how the private capital markets work.  Paul has been instrumental in my personal journey. The reason the world has equity crowdfunding today is because of the work Paul did at the Australian Small Scale Offerings Board (ASSOB) for 13 years—before there was a word called crowdfunding—and helping companies raise capital with zero fraud.  Countries around the world wanted what he had created and today we see it. We are honored to have him part of the next phase of what started nearly 10 years ago,” said Oscar Jofre, Co-Founder & CEO at KoreConX. 

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant digital securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of digital securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors, and broker-dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services, and virtual deal rooms for raising capital.  www.koreconx.com       www.koreconx.com.au

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Media Contacts:

KoreConX

Oscar A Jofre

oscar@koreconx.io

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