Marketcore

In 2008, Marketcore continues to be engaged in consultations with financial industry and commercial enitities offering transaction platforms and workflow/process facilitation, as well as regulatory and government bodies, relative to the establishment of its intellectual property as a standard for market transparency and financial market operating e... fficiency. These include, without limitation, principals and controlling principals from: financial market exchanges; inter-dealer brokers; broker/dealers; banks; lenders and specialty lenders; credit card companies; financial guarantors; financial news information providers; rating agencies; buy-side institutions/wealth managers; investment pools; search engines; lead generation websites; and technology providers. In 2007, at the introduction of insurance industry regulators, Marketcore consulted on financial industry issues to Congressional Research Service (CRS), a division of the Library of Congress dedicated to providing non-partisan research to Members of Congress, and to the United States Department of the Treasury on issues of regulation of financial institutions. In February 2006, Marketcore granted a license for its insurance data exchange patent, "DATA PROCESSING SYSTEM FOR PROVIDING AN EFFICIENT MARKET FOR INSURANCE AND REINSURANCE", to Superior Access Insurance Services, a Pequot Ventures-owned wholesale insurance broker. In mid-2003, Marketcore filed a patent for a "Harvest" Model that improves conversions. Shortly thereafter, we received our first patent for a "Data Processing System For Providing An Efficient Market For Insurance And Reinsurance". By 2002, the venture capital market, that would have funded the next stage of growth, had essentially disappeared and the company was forced to develop a low-cost offline operating model. In 2000, the company refocused its efforts entirely on the creation of an electronic marketplace, Marketcore.com, Inc. A private financing raised $1.4 million for the firm's capitalization. At inception, Marketcore ...Read More