Specialist RegTech provider Shield Financial Compliance (Shield) and the global leader in legacy data management and transformation, Trusted Data Solutions (TDS) are proud to announce their international partnership. TDS will be representing Shield FC from a sales, services and deployment perspective, utilising its expertise to ensure customers get the most from this industry-leading RegTech technology.
Eran Noam, VP Global Sales & Business Development at Shield FC stated, “We are excited to be working with TDS. As a software vendor we want to concentrate on developing our technology platform, which is why we are partnering with companies like TDS to give us the local presence, the close touch to customers and the level of support that the enterprises and financial firms that invest in our solutions expect and need.”
Paul Willson, Head of Strategy & Partnerships at Trusted Data Solutions also commented, “The FinTech and RegTech product market is extremely busy, with lots of differing messages coming from lots of different vendors. We have been evaluating this market and our strategy is to partner solely with companies that we feel add value with clearly-defined USPs, are easy to deal with on a human level and have the same service standards as TDS. Shield share these key attributes and much more besides.”
Paul added, “We believe that customers need to take a 360 approach to the compliance silos, to look at process, tooling and technology in order to deliver a high level of assurance across the platform. We also understand customers have a choice and we need to be a business enabler and problem-solver. The Shield platform’s complete approach to RegTech will ensure our clients can embrace a truly holistic approach.”
Partnerships are a major pillar in Shield's go-to-market strategy as Eran elaborated, “We were looking for a value-add partner with comprehensive financial markets domain expertise. TDS brings a unique combination of solid and dependable ethical orientation and extensive financial markets knowledge, along with excellent customer service, to provide the best expert assistance - from installation to continued maintenance and support of the Shield platform.”
Both companies envisage that the partnership will grow as the market continues to mature. Eran commented, “We expect this partnership to evolve dramatically to meet the accelerated growth of the company and our penetration into new geographies. There are huge potential opportunities for both businesses and our customers.”
Paul also concluded, “Over time, I think customers will see that TDS' service excellence, aligned with Shield FC's product roadmap gives them the ideal pathway to help them identify and then deal with risk, to deliver assurance and help them deliver against their ongoing compliance challenges over many years.”
For more details on Shield FC and its solutions please visit: www.shieldfc.com
For further details on TDS please visit: www.trusteddata.com
About Shield
With a unique cross regulation compliance platform for electronic communication trade and market data that specializes in the financial compliance domain, Shield helps financial institutions manage and capture, correlate and data to meet regulatory requirements, without impacting operational performance.
Shield does this by developing innovative, elegant and cost-effective solutions that address the real-life complexities of managing the impact of regulatory change. Shields platform provides a 360 view on eComms and trades utilizing AI, NLP and Visualization capabilities to make compliance more efficient and ROI driven.
Shield takes a novel approach by utilizing a single, automated future-proof platform to seamlessly capture, archive and investigate interactions across all eComms channels. This is essential in meeting all the Record-Keeping requirements to adhere to MiFID II, AML, GDPR, MAR, Dodd Frank and FINRA compliance reporting and data governance standards, along with e-privacy legislation. The open platform allows firms to customize the system according to their needs
Shield's solution addresses the challenge of the ever-increasing number of eComms platforms and data sources being used during the trade lifecycle, along with the need for powerful analysis and investigation capabilities, covering the scope of Record-Keeping (including GDPR enablement), compliance archiving, compliance investigation and Best Execution reconstruction to support operational performance.
The financial regulation era is here, and it only takes one breach – but Shield's out of the box detection modules and Machine Learning capabilities ensure compliance teams identify and prevent that one breach.