Tag: koreid

KoreID Mobile App Makes Investing Easier and Faster

With an innovative approach, KoreConX makes online investing experience better for users and companies.

NEW YORK, January 18, 2023 (Newswire.com) – Investing online is easier, faster, and safer with the new KoreID Mobile App. Launched by KoreConX, this mobile online passport for investments works on iOS and Android and is 100% free. All a user needs is an account on the KoreConX All-In-One Platform and their mobile number to enable the 2-factor authentication.

How it works

All current shareholders will receive an email guiding them to download the KoreID Mobile App. After they download it and log in with their email and password, a 2-factor authentication key will be texted to their mobile phone. They will have immediate in-hand access to their personal dashboard and their whole portfolio, including their individual or company’s pending investments, reports, and updates, allowing them to:

  • Manage current investments.
  • Manage pending investments.
  • Re-Invest in companies when an offering is open.
  • View company news releases, reports, meetings, messages.
  • Manage personal information.

“We are continually working to strengthen the trust and compliance infrastructure in private capital markets. This capability forges a new era in shareholder-company relationships, offering both parties the ability to communicate and allowing shareholders to reinvest in companies in a secure and compliant way,” explains Dr. Kiran Garimella, Chief Scientist and Technology Officer at KoreConX.

The KoreID Mobile App is now available in app stores on Jan. 18, 2023. All users must have the 2-factor authentication security feature enabled in order to log in.

About KoreConX

Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage every aspect of their capital market activities, from issuing securities to shareholder relations. Investors, broker-dealers, law firms, accountants and investor acquisition firms all leverage our ecosystem solution. KoreConX also maintains a large online library of educational content to help companies navigate their capital-raising journey.

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

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