CALGARY, AB, June 22, 2021 /CNW/ - Katipult Technology
Corp. (TSXV: FUND), a leading Fintech provider of software for
powering the exchange of capital in equity and debt markets, today
announced that Cormark Securities Inc., a leading independent
investment dealer, is deploying Katipult software as a
strategic initiative to enhance its client experience
and optimize internal workflow efficiencies through increased
digitization while ensuring best in class regulatory
compliance.
"Cormark was impressed with Katipult's technology and scale, as
well as its ability to meet our modernization goals," said
Chris Shaw, CEO of Cormark
Securities. "We are excited to work with Katipult to support
client service excellence and operational efficiencies across our
firm while maintaining our focus on best in class regulatory
compliance. Our goal is to streamline and modernize our processes
for institutional investor onboarding and ongoing engagement with
our 850+ institutional clients."
Cormark will work with Katipult to streamline and digitize
account openings, private placement subscriptions, and other
compliance and internal functions within a fully integrated,
secure, single platform.
"Cormark is one of the longest-serving investment firms in
Canada with over 40 years of
history with an impressive $90B+ of capital raised in the last
decade alone." said Gord Breese, Katipult CEO, "We're excited
to partner with Cormark to unleash the full potential of the
Katipult platform for efficiency, compliance requirements, process
automation, and client experience excellence".
Equity capital markets continue to evolve through changing
regulations, heightened deal activity and increasing client
appetite and expectations for digital services. The ability for
Katipult clients to consolidate every aspect of its workflow on a
single, secure cloud based platform significantly enhances its
client servicing capabilities.
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.
Forward-Looking Statement Cautionary Note
Regarding Forward Looking Statements: Certain disclosure in this
release, including statements regarding the streamlining and
automation of internal processes at Cormark Securities and the
growth of Katipult's portfolio of investment banks constitute
forward-looking statements. In making the forward-looking
statements in this release, the Corporation has applied certain
factors and assumptions that are based on the Corporation's current
beliefs as well as assumptions made by and information currently
available to the Corporation, including, but not limited to, the
Corporation's product will continue to operate as expected, the
industry will continue to see value in the Corporation's product,
the Corporation will be able to recruit talented and experienced
sales, support and other individuals required to execute the
Corporation's plans, and that the Corporation's employees,
consultants, customers, suppliers and other stakeholders will be
able to manage successfully throughout the Covid-19 pandemic.
Although the Corporation 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, failure to manage growth
and product implementation successfully, lengthier than anticipated
sales and implementation cycle, cyber risks, risks related to cloud
based solutions, failure to continue to adapt to technological
change and new product development, dependence on key personnel,
competition, intellectual property risks, economic conditions, the
financial and economic fallout due to the Covid-19 pandemic,
privacy concerns and legislation, regulatory environment, risk
associated with a change in the Corporation's pricing model, risk
of defects in the Corporation's solution, dependence on market
growth, operational service risk, dependence on partners and delay
or failure to realize anticipated benefits of key account
installations. Readers are cautioned, especially in these uncertain
times, not to place undue reliance on forward-looking statements.
The Corporation does not intend to, 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.