LONDON, Oct. 4, 2017 /PRNewswire/ -- Actiance, the
leader in communications compliance, archiving, and analytics,
today announced from its Unleash EMEA 2017 Summit that it is
teaming with top telecommunication solution providers Movius,
Red Box, and artificial intelligence
leader Veritone to deliver a holistic, integrated offering to meet
customers' requirements for voice compliance.
Under MiFID II guidelines, set to take effect in January,
financial services firms must gather all communications related to
a trade upon the request of a regulator, including relevant
unstructured records such as email, IM, social media and voice
communications. "When it comes to compliance challenges related to
capturing and archiving communications, customers are telling us
that voice is their number one challenge," said Anthony West, CTO, Actiance.
MiFID II: Meeting Voice And Archiving Requirements
While many banks are already archiving landline and turret
communications, they're now required to do the same for mobile, as
well as capture a wide array of context for each conversation.
Meeting MiFID II requirements such as these presents a technical
challenge that thousands of organizations are now struggling to
come to terms with, as several surveys indicate that as many as
two-thirds of companies are not ready for MiFID II.
Actiance will work with its partners to provide a voice
compliance solution that:
- Provides a full view of all conversations happening in all
channels, and the ability to proactively control and, as necessary,
prevent them
- Identifies areas of risk and sensitive information that's not
being managed in accordance with regulatory or governance
policies
- Enables rapid response to regulatory inquiries, such as those
stemming from MiFID II
- Goes beyond traditional archiving solutions to offer the full
contextual picture of conversations that may happen across multiple
mediums across lengthy timeframes
Actiance's partners extend the Actiance compliance and archiving
platform to deliver the most reliable and efficient technology
solution to conduct oversight of a firm's electronic communications
in one place. We're thrilled to announce the latest partners to our
ecosystem bringing strong, out-of-the-box solutions:
Movius provides a cloud-based service that enables individuals
and financial institutions to achieve regulatory compliance for
their mobile business communications. The solution offers a
separate corporate number on employee devices for calls and texts
to deliver a complete BYOD enabled solution in support of
compliance. It's also carrier-agnostic and can be deployed at scale
with built-in mobile recording without any change to the handset,
the SIM or the user's existing mobile network.
The Movius and Actiance partnership brings together two leading
platforms to provide global financial services firms with a full
range of options in an end-to-end solution.
"Actiance brings the compliance, retention, archiving and
eDiscovery capabilities that banks require; it's a perfect
complement to our technology. Firms will be able to capture,
record, store and analyze mobile voice and text communications from
the Movius app all seamlessly through the Actiance Platform," said
Amit Modi, Chief Product and
Technology Officer, Movius. "For global enterprises, this is a
worry-free and comprehensive answer to the question of MiFID II
compliance."
Red Box Recorders is a leading provider of communication
recording solutions and is already trusted by organizations in the
financial services industry, including the world's top 6 banks and
85% of global interdealer brokers. Seamless integration with the
Actiance compliance and archiving platform will deliver the
guaranteed voice capture needed to meet strict compliance
regulations and standards around the globe.
Pete Ellis, CRO of Red Box
Recorders commented, "We are looking forward to working with
Actiance to bring our decades of experience in providing innovative
recording solutions to financial services organizations around the
globe. Our integration with the Actiance compliance and archiving
platform ensures the capture of all voice recordings, across a
range of systems (including Skype for Business, Cisco, Avaya and
all trading turrets) in support of MiFID II regulatory
requirements."
Veritone® (NASDAQ: VERI) is a leading artificial intelligence
company that has developed a unique platform, aiWARE™, which
unlocks the power of AI-based cognitive computing to transform and
analyze unstructured public and private audio and video data for
clients in a variety of markets, including media, politics, legal
and government. The open platform integrates an ecosystem of
best-of-breed cognitive engines and powerful applications, which
are orchestrated together to reveal valuable, multivariate
insights. aiWARE delivers unprecedented insights by unlocking data
from linear files such as radio and TV broadcasts, surveillance
footage and public and private content globally.
"We are delighted that Actiance has taken steps to integrate
Veritone cognitive engine capabilities into the Actiance platform
by utilizing our open APIs," said Mike
McDonald, senior vice president and general manager for
Veritone Legal. "Actiance users can now, for the first time, enjoy
rapid, highly-accurate, cost-effective machine transcriptions and
translations of evidentiary audio in over 100 languages. Our
unique, open artificial intelligence technology, which easily
integrates and intelligently orchestrates high-performance
cognitive engines, has forever changed eDiscovery and proactive
compliance."
These new partners join others in the Actiance Partner program
including: Fonetic, Hootsuite, IPC, Red Owl, Technically Creative,
and VerQu.
Additional Information
Become a fan of Actiance: http://www.facebook.com/actiance
Follow Actiance on Twitter: http://www.twitter.com/actiance
About Actiance
Actiance is the leader in
communications compliance, archiving, and analytics. We provide
compliance across the broadest set of communications and social
channels with insights on what's being captured. Actiance customers
manage over 500 million daily conversations across 80 channels and
growing. Customers include the top 10 U.S., top 5 Canadian, top 8
European, and top 3 Asian banks. The Actiance advantage is
customers stay ahead of compliance and uncover patterns and
relationships hidden within their data. Learn more at
www.actiance.com.
Actiance headquarters are in Redwood
City, California. For more information, visit
http://www.actiance.com or call 1-888-349-3223.
Actiance Media Team:
Lisa Bergamo
Vice President, Corporate Communications
Actiance, Inc.
Phone: 650-380-9250
Email: LBergamo@actiance.com
Michael Burke
415.989.9000
actiance@msrcommunications.com
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SOURCE Actiance