Heliocor, 20 Birchin Lane, London, EC3v 9DU +44 203 006 6405

City of London based regulatory technology company Heliocor announces that it has raised $2.5m in scale up funding from High Net Worth investors using a brand new and potentially disruptive investment process. This is the first time this funding process has been used in the UK.

The funding was achieved through the first of a series of preference shares offers in terms of which:

  • investors participate in 20% of Heliocor’s future profits after tax; and

  • their investment is represented by a digital token, using blockchain technology, rather than just a paper certificate, potentially providing significant liquidity

    should that digital token be listed.

    The funds raised are to be used to enhance the core products built by Heliocor’s Barcelona Technology Development Centre; launch and build the Dokstor app as a consumer brand; and accelerate international sales of RoboliticsTM, the high-speed data analytics engine.

    The offer was made in part through Globacap’s fundraising platform (www.globacap.com) which uses a combination of public and private blockchains to create digital securities and in part by private placement. Globacap is an FCA regulated arranger and custodian, having progressed through the FCA’s regulatory sandbox programme.

    Heliocor has now begun promotion of the next round of its preference share offer, marketing exclusively to sophisticated/qualifying investors, to raise up to an additional $15m. In addition to bolstering its current offices in London, Barcelona and New York, that funding is intended to establish new sales offices in Singapore, Hong Kong and India in 2019.

    Owen Hall, CEO of Heliocor, commented, “We have decided to address a big and important global problem: tackling digital identity fraud and restoring trust in the system. It’s a big challenge, but one that Heliocor has the experience, the products and team to solve. We thank our investors for expressing their confidence in our vision and embracing blockchain technology as the conduit for funding to support our ambitious growth plans.”


Heliocor, an emerging regulatory technology company based in London, UK, today announced that it has signed a partnership agreement with LAN2LAN Limited based in Leatherhead, UK, for professional services and implementation of its AML/KYC offerings.


The agreement will enable Heliocor to take advantage of LAN2LAN’s network infrastructure design and implementation skills to implement its fraud reducing products. LAN2LAN are able to offer support across a broad spectrum of installation options – from Cloud, Hybrid Cloud, Secure Wireless, Mobility to CyberSecurity. This offers Heliocor’s clients huge flexibility to strengthen their due diligence and anti-fraud solutions. Heliocor’s Robolitics™ and Dokstor products make it simple to harness increased efficiencies, greater security and reduced costs associated with processing fraud detection during transactions (principally Know Your Client, “KYC” and Anti Money Laundering, “AML” checks) without needing to make significant or disruptive changes to existing infrastructure.


“As businesses evolve, fraud detection and the safeguarding of digital identity will play an increasingly important role globally,” said Pankaj Vekria, Commercial Director of LAN2LAN. “Collaborating with Heliocor on the infrastructure and professional services level will allow us to expand our business, enabling our financial institution clients to access Robolitics™ integrated fraud detection and Dokstor’s seamless KYC & AML to protect them.”


“Today, suppliers have to balance their own regulatory preferences with those of their customers’ compliance department – and those two don’t always sync up!” said Vikas Tripathi, Managing Director of Heliocor. “To deal with this, Robolitics™ is designed as a real-time Monitoring, Alerting & Reporting platform providing Cross Asset Class and Cross Regulation surveillance, integrated into a single platform. Dokstor is designed to improve the KYC and AML process, simplifying the document gathering and sharing process, and removing many of the traditional frustrations associated with the capture of documents for onboarding. Creating this type of seamless customer experience in the B2B space is extremely important to us and we look forward to working with Lan2Lan to grow our market share aggressively.”

Media Contact:


Elly Zhang

Director of Partnerships at Heliocor

Email: media@heliocor.com

Tel: +44 203 006 6411

Company Website: https://www.heliocor.com/


Pankaj K. Vekria MBA(Liv), FIoD

Commercial Director at LAN2LAN

Email: media@heliocor.com

Tel: +44 203 006 6411

Company Website: https://www.lan2lan.com/



2019 年 2 月 19 日,伦敦新兴的监管技术公司 Heliocor 宣布与 CBX 建立战略合作伙伴关系, CBX 是一家立足于中东放眼全球的安全专业加密资产交易平台。 该合作旨在提高投资者对加密货币的参与度,同时加强 CBX 全球的机构投资者和散户投资者 完成身份验证的安全意识。 Heliocor 的旗舰产品 Dokstor 是完全符合 GDPR 标准的应用程 序,现已完全连接到 CBX 交易平台,允许 CBX 在全球客户范围内应用最新的了解你的客户 (“KYC”)和反洗钱(“AML”)条款。

CBX 首席执行官许明镇表示:“随着越来越多的机构和散户投资者进入加密货币市场,金融 科技公司看到了更多与这些投资者接触的机会。机构客户需要更复杂的解决方案,因此与 Heliocor 合作是 CBX 关注的重点之一:我们的客户将受益及被保护于市场上最有效的监管技 术。” Heliocor 董事总经理 Vikas Tripathi 表示:“来自区块链和加密货币的几家公司已经与我们达成 合作关系,来帮助他们克服不断变化的监管挑战。我们相信加密货币市场将成为我们技术的 关键应用市场,能够将我们在银行和金融机构中的深度监管和合规知识应用于区块链行业和 区块链公司。我们很高兴与 CBX 合作,为他们提供专业的尽职调查服务,并为他们的用户在 进入加密市场行业时增添信心,保驾护航。”

Strategic partnership to improve confidence of Middle East cryptocurrency participants

London, United Kingdom, 21st February 2019

Heliocor, an emerging regulation technology company based in London, UK, has announced a strategic partnership with CBX, a fully-integrated global cryptocurrency trading platform based in Middle East. The partnership is designed to improve investors’ engagement with cryptocurrencies while allowing for enhanced due diligence of both institutional investors and retail investors in the Middle East. Heliocor’s flagship product, Dokstor, is a fully GDPR compliant cross regulation onboarding application that is now fully integrated into CBX trading platform, allowing CBX to apply the latest Know your Client (“KYC”) and Anti Money Laundering (“AML’) checks to its wide range of clients globally. Meng Chan Shu, CEO of CBX, says: “As increasing numbers of institutional and retail investors move into the cryptocurrency market, financial technology companies are seeing more opportunities to engage with these investors. Institutional clients demand more sophisticated solutions, so working with Heliocor is a key focus for CBX: our customers will benefit from the most effective regulation technology available in the market.” Vikas Tripathi, Managing Director of Heliocor says: “Several companies from blockchain and cryptocurrency have engaged with us to help them overcome their ever-changing regulation challenges. We believe that cryptocurrency markets will form a key market for our technology, allowing us to apply our deep regulation and compliance knowledge in banking and financial institutions to further engage with the blockchain industry. We are delighted to be working with CBX to provide them with an enhanced due diligence capability and adding confidence to their users as they access the crypto market.”

Media Contacts:
Elly Zhang
Director of Partnerships at Heliocor
Email: media@heliocor.com Tel: +44 203 006 6411
Company Website: https://www.heliocor.com/

Clara Cham
Public Relations at CBX
Email: Clara@cbx.one
Moblie number: +971 521266087
Company Website: https://www.cbx.one/

Robolitics are our regulatory analytic templates designed to work with big data technologies to search for malfeasance. Our robots work independently. They are configured to analyse and trawl your data set, look for specific triggers, analyse client, user and trade data, monitor linked behaviours and  time series activity to identify breaches of “standards to behaviour” expected by your organisation and the regulations. They are built around standard malfeasance models but are individually configurable and tuneable, so that you fit them to the specific nature and sensitivities of your trading businesses. They can comply with regulatory expectations, and monitor and modify in order to beat people trying to game your systems. you can also adapt their sensitivity to ensure that you are neither swamped by reports nor missing tell-tale examples of near misses. Once a suspicious set of behaviour is identified, our robots flag these events for review to by the compliance team (and if necessary, escalate rapidly enough to block the trade). Alerts can then be either:
  • Marked as a near miss and flagged for near miss reporting, increasing the sensitivity parameters used to monitoring that individual moving forward, or
  • Recorded as suspicious and escalated internally and externally.
During the escalation process, Robolitics can also be configured to surface other similar historic “below the radar” in order to ensure the investigatory officer is presented with a complete case, reducing investigation time and cost.

Drowning in Data Lakes MASTER Whenever I talk to someone in a bank at the moment, I hear about projects looking at the application of big data technology to a number of business problems. But I don’t hear much about success of these projects. It is almost as if the technical team desperate not to be “caught on the hop” by a competitor bank launching a killer Big Data solution are thrusting forward regardless of a clear of mission for the project. However, without a clear use case, the exercise becomes academic and involves dumping as much data as possible into a data lake, hoping something useful will surface. At the outset, my view was this was the right approach, but the truth is that these data lakes aren’t helping, and the teams building them are going to drown in their own lake. Does this mean that big data is dead in banking? Far from it. In fact it is a fantastic tool set that just needs to be used appropriately in areas that help the bank meet its obligations and cut cost. Having just completed a big data strategy in a tier 1 bank, I can see a very clear and powerful use case in compliance. But you need to bring the business and the compliance teams with you, because driving the value out of the project is difficult, not because the value is limited but because the process is complex. With typical tier 1 / 2 banks now looking at cost of compliance supervision and regulation exceeding a $1B a year, and with the volume of fines banks are receiving, there is a point when they sink under the costs of compliance. Big data potentially offers the solution to this tsunami of costs. It can be used via smart algorithms running against relevant but comprehensive data sets stored on big data platforms, that provide a solution to an ever increasing army of manual oversight and checking and reporting. Heliocor’s recently launched Robolitics solution, designed to work with leading platforms, accelerates delivery of compliance tooling that is customisable and configurable to the data and processes in your business.Drowning in Data Lakes MASTER

Heliocor has just completed a four-month project looking at the business benefits of applying the technologies and tools developed in the for the Management of Big Data. “Big Data” has been around for a long time but for the last 5 years its benefit has been obscured by an obsession to find a use it for social media and the management of unstructured data rather than applying it to the much more structured world of investment banking and asset management”. Says Owen Hall Managing Director of Heliocor in the UK The project required Heliocor to look at the operation of the bank top to bottom and identify use cases through the business process.  All Banks generate huge amounts of data, but this is often siloed and inaccessible and poorly understood.   Heliocor’s strategy was to look at a number of use cases focused on joining silos to:
  • Smooth business flows
  • Improve risk valuations
  • Potentially monetise the cross business information
  • Surface data to improve compliance and regulatory reporting information.
“It’s been a fascinating process and one where we had to create a number of methodologies on the fly but it’s clear to us that there is some enormous value to be realised from the implementation of the technologies”.

When you’re a start-up you have to make compromises, you sacrifice:
  • experience for cost
  • quality for cost
  • speed for cost
but why sacrifice ….   I suspect you’ve never considered using a partner to deliver your technology, maybe you think it’s too expensive, you are afraid to lose control or your business idea is too proprietary. We understand these concerns, and we have helped 100’s of companies to make the change and trust us to deliver their cutting edge solutions whether they are start-ups or major blue chip companies. We provide great technologists and great prices and great process designed to get you to market quicker with fewer problems. Our experienced multi lingual developers in Barcelona start from £250 per day, flexing our team to get you through launches and new releases and then scaling back to save cost; and unlike employees you don’t pay us when they are not delivering.   Want to know more give me a call 07779 557799 or email me on owen.hall@heliocor.com and lets start discussing how we can give you the time to focus on the building your business and customer base.

Are the benefits of near-shoring more realisable than those of off-shoring, is the panacea of outsourcing to India now proven to be illusory? Off-shoring is laden with hidden costs both management problems and subsequent costs that translate into headaches and sometimes nightmares for the clients of offshoring providers. The oft-cited key benefit of offshoring-huge savings in labour is less real than most people think. A survey of over 5000 senior executives at firms that use offshoring services found “the average cost savings to be slightly below 10 percent” and that 28% of the offshoring engagements actually led to a long term increase in costs. Research shows that offshoring take its toll on the communication and control. The time difference and language issues which are so glibly relegated to non-issue continual to dog delivery. User firms are finding that the time zone problem erode program management confidence poor communication and uncertain control. Quality control, intellectual property issues are also major issues. If the project management costs time lag issues and quality concerns aren’t enough, the turnover rate among developers working for Indian companies is high and getting worse. The high turnover rate is a sign that the competition among offshoring providers for good developers remains high and therefore off shore staff turn will continue to effect quality, increase project span and increase cost. It’s not surprising that many executives are beginning to looking at offshoring and wondering whether there is an alternative. In contrast to offshoring, nearshoring offers virtual development teams that have the ability to collaborate with internal staff in the same or similar time zones. This means that easy fixes do not have to wait for an isolated team to take a day-and-a-half to turn around a solution. The geographical advantages of nearshoring also allows a company’s internal staff and external developers to meet in person. Studies-and common sense-bear this out face-to-face meetings with nearshored staff help mitigate unexpected management costs that are directly related to project confusion and unhappy surprises at the eleventh hour. While more face time may not guarantee perfection, working closely with nearshored staff is more likely to significantly reduce problems and setbacks. By eliminating the time differences and offering at highly competitive prices with highly skilled multi-lingual staff, Heliocor can offer optimise for time-to-market for projects and new products. Whilst delivering our clients highly stable, performant, manageable teams ensuring high quality delivery de-risked as a result of better communication and control.

Heliocor has nearly 700 developers and analysts and an enviable top tier client base. Skilled in both the traditional IT development technologies and award winning teams covering new technologies in the areas of mobile application development and server side application using PHP / Zend tool sets. We are all familiar with trying to balance tight budgets, volatile requirements and tight time-lines.  As a result we have all become familiar with outsourcing to India – and we are all familiar with the issues and trade-offs that result. Heliocor’s Barcelona team offers the solution:
  • Highly competitive rates*
  • A stable, highly skilled, and well educated workforce (Let’s also not forgetting the
  • Strong English language skills
  • European passports with no visa issues
  • Great cultural fit.
Because our team is based in Barcelona we only a 2 hour flight away; this makes it easy for our developers to be on site when needed, for instance during key project pressure points and go lives. Visit our website to understand more or call or email us to find out more about how Heliocor can place real project control back into your hands. Over the following months ill send you other emails about individual success stories and technologies as we bring them to the UK additionally I’d like to carry out some informal survey of hot IT topics of the day such as the rise of Mobility or is Big Data just a technology looking for a problem (the results obviously we will share). Kindest regards   Owen