Woman shaking hand with other woman

Financial compliance challenges in numbers

  • Top 2

    The top 2 egulatory compliance challenge remains MiFID II for surveyed asset managers and investment firms from across Europe.
    WBR Insight

  • 57,364

    57,364 regulatory alerts from over 980 global regulatory bodies in 2018 – averaging 220 alerts a day.
    Thomson Reuters, 2019

  • $394bn+

    $394bn+ regulatory fines have been imposed on European and North American banks since the financial crisis.
    Boston Consulting Group, 2019

Customers

Verint helps financial services organizations transform their compliance operations and confidently navigate through increasingly complex trading regulations.

Discover More

Keeping up with increasingly complex regulations

The Dodd-Frank Act, MiFID II, MAR, and other financial regulations have tightened the rules for conducting trades. They’ve also increased penalties for compliance failures.

Keeping up with government policies, industry standards and codes of conduct poses a significant challenge – particularly if you operate in multiple regions with different regulations.

Learn More

Avoiding the consequences of non-compliance

Failure to be compliant can result in hefty fines, settlements, and reputational damage – or even penalties imposed on individuals, including prosecution, million-dollar fines, and imprisonment.

The only way to get close to 100% compliance is to check 100% of relevant interactions, 100% of the time. But this would leave you with less resources for other responsibilities such as investigating insider trading and front running, spotting conflicts of interest, and looking for signs of financial crime.

Man working remote from laptop sitting outside

Elevating compliance without increasing costs

Compliance teams must navigate regulatory uncertainty and increased scrutiny, while monitoring and reporting on data, processes, employee conduct and the underlying infrastructure.

How can you:

  • Prevent employees from acting “out-of-compliance” in the first place?
  • Quickly identify and deal with exceptions?
  • Minimize the number of false positives while monitoring adherence?
  • Avoid being caught out if your compliance infrastructure malfunctions?
  • Provide regulators with what they request in the timescales allowed?

Reduce regulatory compliance issues proactively

Verint’s innovative solutions provide dynamic, real-time issue prevention. They automatically reduce the risk of breaking financial compliance rules by controlling who can communicate with who, blocking or redacting inappropriate messages, and protecting sensitive data.

Capture, index, store and retrieve all interaction data, and manage operational and conduct risk while controlling your communications infrastructure. With Verint Financial Compliance, you can comply with regulations, no matter how detailed or complex they are.

Discover More
Two women meeting standing using tablet

Facilitate compliance with the right tools

On top of compliance assurance, you also need to take account of varying regulatory benchmarks. Failure to do so can lead to severe penalties.

Verint automated verification capabilities can help reduce those risks with comprehensive, real-time tracking, alerting, and policy matching across 100% of interactions in trading, enterprise voice, collaboration, and mobile environments.

In addition, they help you prove that you have full control over infrastructure and processes, and adequate procedures in place.

Discover Automated Verification
Woman talking on phone outside standing

Increase efficiency – with a unified regulatory compliance platform

Simplify your operations and cut costs with robotic process automation (RPA), AI, an open architecture, and a range of integrations and APIs.

Verint’s holistic compliance suite provides you with a unified platform to capture data, manage communication records, and easily retrieve data from a variety of sources.

And its enhanced scalability and interoperability will smoothly adapt to your future growth.

Browse Verint Financial Compliance products

  • Capture In financial services it is imperative that you capture, secure, analyze, and understand all regulated interactions — across all channels and communication modes. Verint Financial Compliance makes all of your interaction data available for analysis in a unified and cohesive way.
  • Automated Verification Perform Quality of User Experience (QoE) service tests and end-to-end system tests across multiple vendor platforms, applications, and communication paths to help ensure the optimum operation of your critical communications and recording infrastructure.
  • Microsoft Teams Recording Unified, risk-based compliance recording for Microsoft Teams. Capture, archive, analyze, and retrieve interactions across all modes of communication from Teams voice calling, meetings, and collaboration streams.
  • Zoom Recording Benefit from unified, risk-based compliance recording for Zoom Phone and Zoom Meetings. Capture, archive, analyze, and retrieve interactions across voice, video, and screen sharing.

"Verint Financial Compliance takes the complexity out of our compliance. We are faced with new regulations and an expanded scope of data channels to capture and monitor. Using Verint, we can fulfill our regulatory requirements, make our Skype for Business communications fully compliant and streamline processes for our team."

Insights & Resources