Financial Compliance
Transform your compliance operations and confidently navigate through financial services and trading regulations.
Transform your compliance operations and confidently navigate through financial services and trading regulations.
of surveyed executives rated relevant or essential for their firms to use captured voice and electronic communications for trade reconstruction and verification.
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of financial institutions stated to consider or have specific plans to invest in specialist unified communications and collaboration recording.
of compliance executives cited the increased adoption of automation for compliance and operational assurance as the biggest future trend in the years ahead.
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..
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.
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
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 organisation.
Verint can help your business take a proactive approach and foster a culture of compliance.
Our solutions can help ensure that 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.
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, categorising, aggregating and analysing large quantities of communications data.
A Saudi Arabian Bank has strengthened compliance with local regulations and anti-money laundering policies, enabling compliant collaboration across Cisco Collaboration endpoints and BT IP Trade turrets. Using Verint, it has accelerated compliance processes, simplified administration and reduced maintenance cost for their organisation.
Explore how a European Retail and Investment Bank uses automated infrastructure monitoring and testing from Verint to save more than 10,000 hours, increase the consistency and accuracy of reporting and improve adherence with voice recording compliance demands.
A European Wealth Management Company has selected Verint Financial-Compliance because it is easy to manage and provides robust capabilities supporting both Cisco and Skype for Business. Its audit and compliance teams can easily look through calls via the web interface without the need to disturb IT
Leading independent provider of asset management services, OFI, is enabled to comply with the EU’s MiFID II regulations by capturing, retaining and analysing communication across voice, video, IM, screen sharing and desktop.
Verint Systems Inc.
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Melville, NY 11747
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+1 (631) 962-9600
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