Shield Announces Integration of its Compliance Tech with Zoom

Shield Announces Integration of its Compliance Tech with Zoom
19.08.2020 06:11 pm

Shield Announces Integration of its Compliance Tech with Zoom

Compliance

Specialist RegTech provider Shield is pleased to announce the integration of its complete eComms compliance and Surveillance platform with popular audiovisual collaboration platform Zoom. In response to market demand, Shield has developed this integration, extending its powerful capture, surveillance and investigation tools across video, audio, chat and shared data files between parties communicating on Zoom.  

Dror Bareket, R&D Director at Shield commented, “Already popular before the COVID-19 pandemic, Zoom has become indispensable for many firms during lockdown restrictions and into the new normal. Whilst it is an excellent communications tool, compliance regulations still need to be upheld across all channels. We have extended the reach of our platform to include all the elements of capture, correlation, data enrichment, analytics, proactive and preventive detection across applicable Zoom interactions.” 

Whilst many monitored/regulated users were previously denied use of tools such as Zoom for fear of potential compliance breaches, the new normal has forced firms to evolve their stance. With no physical Compliance officer in the remote working environment, firms must ensure all eComms follow regulations.

The Shield platform collects and securely stores all the applicable Zoom eComms data (including voice, video, shared files and metadata), enriches and structures the data, then analyses it using powerful AI (machine learning and Natural Language Processing – NLP) then connects it with structured data to find any relevant discussions or other communications centred on the financial marketplace (mentions of company names, stock prices etc.)

Vitally, the Shield platform also provides its usual surveillance and eDiscovery tools to search the Zoom meetings data for specific content (words, phrases and complex combinations of language). Compliance officers can search this analysed data for specific terms or phrases, grouping investigations and all relevant data from other channels (correlated with phone calls, emails, chats etc.) as a package for specific investigations – be they internal, a request by the firm’s Legal team or in response to a regulator’s request for information.

On top of that, the Shield platform proactively alerts the Compliance/Surveillance team of any flagged content within Zoom sessions, utilising its unique behavioural detection models for Market Abuse, Employee Conduct and Information Handling (such as insider information and the sharing of sensitive information without permission etc).

Dror adds, “With our Zoom integration we have automated the Compliance officer’s watchful eye over the platform, but arguably now with even greater coverage and reliability. Within a physical oversight a trader can potentially communicate in secret without being spotted, however Shield automatically monitors, records and checks all relevant Zoom communications for greater peace of mind. With these eComms looking to become a permanent fixture for many financial firms, this is vital for Compliance moving forwards.”

Shield’s Zoom integration is available now and can be rapidly deployed and commissioned through the existing platform, with full flexibility and bespoke setup to ensure it meets all the legal and commercial needs of the business. It joins Shield’s existing integration with Microsoft Teams, ensuring coverage of the leading online collaboration tools for the new normal. 

To enable the Zoom integration, or for more details on Shield and its solutions please contact us via email: info@shieldfc.com or visit https://www.shieldfc.com.

Related News

Shield Joins IBM Cloud for Financial Services Ecosystem

Specialist RegTech provider... Read more »

Sysnet Adds New Features to its Revolutionary Proactive Data Security Solution

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions, is... Read more »

UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research

New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open... Read more »

Hong Kong’s livi bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting Solution

Wolters Kluwer has been selected by livi bank for its award winning ... Read more »

Ideal Prediction Awarded ‘Best Surveillance Provider’ By FX Markets

Ideal Prediction (Ideal), the independent trading analysis and data science company for capital markets, has won the FX Markets award for ‘Best Surveillance... Read more »

Smith & Williamson Selects Broadridge’s Industry Leading SRD II Compliance Solution

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced an agreement to provide Smith & Williamson Group, a leading... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel