KoreConX announced on Thursday it has formed a new partnership with broker-dealer payment infrastructure, POSConnect, to provide users with a secure payment solution. KoreConX reported that by using a cloud-driven EMV/NFC payments technology, POSConnect allows investors to complete transactions in an effortless, streamlined capital raising process.
KoreConX also noted that the technology will be integrated into KoreConX’s Capital Markets Solution, a robust tool created to assist broker-dealers in navigating their regulatory compliance requirements and manage the entire investment process more efficiently. While sharing more details about the collaboration, Oscar Jofre, Co-Founder and CEO of KoreConX, stated:
“Our goal with building the KoreConX Capital Markets solution is to provide the much-needed infrastructure for the private company capital markets. We wanted to remove friction and fragmentation by bringing the tools necessary to one secure, user-friendly platform. We are thrilled to be workingwith a company such as POSConnect, that not only provides the best technology but also follows the same governance standard that we do.”
Will Gravlev, President and CTO of POSConnect, went on to add:
“It is important for us to partner with companies that focus on offering the best solutions, and we believe that KoreConX is one of those. Their easy-to-use platform was created with the end user always in mind, and the same goes for the solutions we offer.”