CALGARY,
AB, July 14, 2022 /CNW/ - Katipult Technology
Corp. (TSXV: FUND), a leading Fintech provider of software for
powering the exchange of capital in equity and debt markets,
announced today that Cormark Securities, one of Canada's foremost investment dealers, went
live with its investor onboarding solution.
"Lengthy and cumbersome investor onboarding processes can hinder
the competitiveness of financial services firms. This is
particularly the case when onboarding institutional investors, who
often have to fill out an extensive set of forms just to register
with a single dealer. This makes it harder for dealers to win new
institutional business. Our investor onboarding solution helps
dealers by giving them a means to streamline a complex process into
an intuitive tech-enabled workflow that is shorter, simpler, and
more error-free – benefits that Cormark Securities is now
enjoying," says Gord Breese, Katipult CEO.
Katipult's investor onboarding solution uses intelligent
onboarding forms with built-in conditional logic and multi-approval
flows that eliminate redundancy and minimize errors. Everything is
also customizable, allowing firms like Cormark Securities to match
these new digital onboarding forms with their legacy manual
documents – creating a smooth transition process for both the firm
and its investors.
"As one of Canada's top
investment dealers, we serve a wide range of institutional
investors. It was essential that any digital onboarding solution be
able to accommodate such a range without creating costly
disruptions to both internal processes and the investor experience.
We expect to achieve greater efficiencies for both our
institutional clients and our internal client onboarding team by
implementing this solution," says Susan Streeter Cormark COO.
About Katipult
Katipult (www.katipult.com) is a provider of industry leading
and award-winning software infrastructure for powering the exchange
of capital in equity and debt markets. Our cloud-based platform and
solutions digitize investment workflow by eliminating transaction
redundancy, strengthening compliance, delighting investors, and
accelerating deal flow. Katipult provides unparalleled adaptability
for regulatory compliance, asset structure, business model, and
localization requirements.
Cautionary Note Regarding Forward Looking Statements: Certain
disclosure in this release, including statements regarding
the streamlining of the account openings process and the positive
impacts on the investor experience and compliance constitute
forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors
and assumptions that are based on the Company's current beliefs as
well as assumptions made by and information currently available to
the Company, including that the Company will be able to
successfully streamline the account openings process and have
positive impacts on the investor experience and compliance.
Although the Company considers these assumptions to be reasonable
based on information currently available to it, they may prove to
be incorrect, and the forward-looking statements in this release
are subject to numerous risks, uncertainties and other factors that
may cause future results to differ materially from those expressed
or implied in such forward-looking statements. Such risk factors
may include, among others, the Company being able to streamline the
account openings process and have positive impacts on the investor
experience and compliance. Readers are cautioned not to place undue
reliance on forward-looking statements. The Company does not
intend, and expressly disclaims any intention or obligation to,
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required
by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Katipult Technology Corp.
