Specialist RegTech provider Shield Financial Compliance (Shield) is proud to announce the launch of its integration with Microsoft Teams. The Shield platform is one of the first compliance platforms to provide full surveillance as well as record and search of Microsoft Teams interactions, providing the ability to extract, review and analyze specific conversations to assist with any investigation process.
Ofir Shabtai, Co-Founder & CTO at Shield stated, “We are seeing an increasing demand by many Regulated firms that are switching to Microsoft Teams as a key part of their journey towards Office 365 and other cloud services and as a major communication channel. It is essential that our platform oversees all the potential eComms types used by financial firms. The new integration ensures compliance teams have yet another source that provides full visibility and flexibility across the ever-broadening selection of eComms.”
The new integration perfectly caters for the growing number of businesses looking to migrate from the traditional on-site deployment of Skype for Business, embracing the benefits of Cloud-based solutions and the additional collaboration capabilities that Microsoft Teams provides. The new Microsoft Teams integration features three main areas:
1. Out of the Box, hassle-free, integration with Microsoft Teams.
2. An ability to build and update detection scenario models to include all Microsoft Teams eComms types and detect misconduct behaviour.
3. Alert and investigation review of Microsoft Teams content, including:
- Review in native format (as seen by Microsoft Teams users)
- Support attachments including file versioning
- Support the editing of messages in the chat
- Support of deleted messages in the chat.
- Viewing and searching within attachments and file shares including all kind of archive files (zip etc.)
Ofir continued, “Our Microsoft Teams integration provides firms with peace of mind that this communication channel is fully monitored. As we recently witnessed, several of the leading financial firms have been fined for different misconducts (including rigging the spot foreign exchange market) that have been fully created via chat rooms, such as Microsoft Teams. Creating comprehensive and advanced Surveillance and investigations measure on these platforms are key elements for any firm’s compliance readiness and coverage.”
For more details on Shield and its solutions please visit: www.shieldfc.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 capture, correlate and analyze 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, trade and market data 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.
We're moving compliance rapidly forward.
For more information please visit: www.shieldfc.com