Financial Compliance
Transform your compliance operations and confidently navigate through financial services and trading regulations.
Transforming Compliance for the Digital Era
Financial markets have been subject to regulation for many years. The Dodd-Frank Act, MiFID II, MAR, and other financial regulations have tightened the rules for trade-related recordkeeping, monitoring, evidencing and reporting.
They’ve also increased fines and penalties for compliance failures. And these challenges are multiplied if you operate in multiple regions with different jurisdictions.
Keeping up with the new requirements requires a long-term, strategic approach, rather than treating financial services and trading compliance as a box-ticking exercise.
Enabling Compliant Communications
Voice is still an important channel – but businesses are looking for new ways to collaborate, interact with customers and negotiate trades.
New digital channels offer instant messaging, mobile voice and SMS, video, and other forms of collaboration, but many compliance recording solutions only capture telephone voice – creating a regulatory compliance gap.
To help close this gap, Verint’s unified platform records and securely archives interactions across UC, trader voice, IP telephony, mobile, video conference and collaboration environments, including Microsoft Teams.
Enhancing Compliance Oversight
Ongoing communication monitoring, infrastructure testing and compliance checks are resource-hungry tasks. Keeping up with employee changes, new communication channels and changing regulations requires significant effort. Monitoring the status of telephony and voice networks, especially over multiple locations, is even more complex.
With Verint Financial Compliance, you can automate monitoring and testing, so you can handle these tasks more effectively while reducing resource requirements.
This solution automatically tests audio quality and validates communication flows and interaction recording —without human intervention.
“The flexible Verint compliance software is easy to manage and it’s a very robust platform. Our audit and compliance teams can easily look through calls via the web interface without the need to disturb IT. Moreover, the solution also supports both Cisco and Skype for Business.”
Head of IT Infrastructure, European Asset Management Company
“Verint Financial Compliance takes the complexity out of our compliance. We are faced with new regulations and an expanded scope of data and 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.”
Julien Bianchini, Infrastructure and Operations Manager at OFI Asset Management
Preventing Compliance Issues Proactively
Many financial institutions are subject to complex regulations that impact their communications environment. By proactively verifying adherence to policy rules and controlling information exchange, you can mitigate the risk of misconduct, unwanted disclosures and faulty operations across your organization.
Verint can help your business take a proactive approach and foster a culture of compliance.
Our solutions can help ensure employees are operating within the required boundaries, and apply ethical walls to help avoid issues before they occur. We can also help you save time, resources, and costs that would otherwise be spent on corrective measures.
Turning Data Into Intelligence
Today’s financial services firms must manage communications across multiple digital channels. With more data than ever, how can you make it available to regulators quickly? Can you find the needle in the haystack to avoid compliance fines?
Verint Financial Compliance can help your business tap into the power of artificial intelligence: this solution can enable you to extract value from voice and eComms with innovative speech recognition and voice analytics technology.
You can also gain actionable insights by mining, categorizing, aggregating and analyzing large quantities of communications data.
Financial Compliance Success Stories
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