KyoLAB is a RegTech startup, an alumni of Startupbootcamp FinTech London 2016, and a finalist in the Citi Tech for Integrity Challenge 2017.
KyoLAB helps businesses engage with their clients through popular mobile messaging apps a compliant way.
Why it is an amazing tech?
Messaging apps like WhatsApp are increasingly popular among businesses, helping them engage better with their clients. The problem is that most popular messaging apps are not compliant. Strict regulations demand that all electronic communications are recorded and retrievable on request, e.g. MiFID II (Markets in Financial Instruments Directive II) coming in January 2018.
KyoLAB set out to fix this issue, using their proprietary technology to capture conversations of popular mobile messaging apps like WhatsApp, Telegram, Signal, and WeChat for compliance. Their platform retains all information for audit trail and dispute resolution. KyoLAB provides transparency and analytics for compliance, while additionally helping businesses gain valuable customer insight. Their technology is available for Android, iOS, Web, and supports both BYOD (Bring-Your-Own-Device) as well as corporate-issued devices. Clients have the choice between deployment on-premises or as a cloud solution. KyoLAB serves the financial services market, the public sector, healthcare, and other industries with need for mobile compliance and corporate governance.
Most messaging platforms that are compliant by design are just not popular with businesses’ clients.. Rather than producing yet another compliant messaging platform that most clients do not want to use, KyoLAB makes popular mobile messaging apps compliant.