UK RegTech vendor eflow Global has partnered with eComms mobile communications solutions provider TeleMessage to enhance their eComms surveillance.
eflow Global will partner with TeleMessage to enhance the communication data available in their market data library, it has been announced. The partnership aims to further strengthen the eComms surveillance functionality of eflow’s RegTech solution TZ.
Increasingly, regulators are requiring higher volumes of more diverse data types for the purposes of trade surveillance, meaning that trade and market data alone are no longer sufficient to ensure proper compliance. With more people working from home and utilizing their mobile apps for communication, the mobile communications that take place around a transaction can provide essential information that might highlight abusive trading, and as such, properly capturing and analysing these communications is a vital part of modern trade surveillance.
With this in mind, this partnership will allow eflow to leverage TeleMessage’s extensive mobile eComms capture capabilities and data store for use in their trade surveillance system TZ.
eflow provides financial firms with cloud-based solutions designed to ensure compliance with a range of financial regulations. TZ – their flagship trade surveillance solution – provides firms with solutions for market abuse and insider trading, as well as best execution and transaction cost analysis.
TeleMessage has been providing messaging and communication archiving products and services for over 20 years. Their market-leading connectivity with eComms platforms and telecom carriers will be an invaluable addition to eflow’s existing library of market data.
Under this new partnership, unstructured communication data from a range of platforms including WhatsApp, WeChat, Telegram, Signal, SMS, MMS and voice calls will be captured, normalised and organised before being loaded into TZ for surveillance and testing against a range of regulatory requirements.
Ben Parker, CEO and Founder of eflow, speaks very highly of the partnership. “As a RegTech vendor, extending the scope of our market data library is always high on our list of priorities”, says Parker. “I have every confidence that this new partnership will achieve just that.
Market leading provider of regulatory compliance, trade lifecycle management and white labelling solutions. eflow’s solutions are used in Investment Banks, Brokers, Asset Managers and Hedge Funds to deliver significant Operational Risk Reduction, Processing Cost containment and total business process transparency through its Trade Lifecyle Management, Monitoring and Transactional Workflow solutions. For more information, visit: eflowglobal.com
About TeleMessageTeleMessage Mobile Archiver enables regulated companies to allow their employees to communicate over mobile devices, while capturing and archiving all communication. TeleMessage allows compliant communication over Text Messages: SMS, MMS, WhatsApp, WeChat, Telegram, and Signal apps; as well as the recording of calls. Mobile archiving is available for corporate as well as BYOD mobile devices. With TeleMessage, enterprises and government entities can comply with mobile archiving and surveillance regulations. The TeleMessage products portfolio includes: Mobile Archiver, Secure Enterprise Messaging and Mass Messaging. For more information, visit: www.telemessage.comThe