Specialist RegTech provider Shield is proud to announce its CEO and Co-Founder, Shiran Weitzman, has been named as one of the top 50 financial industry company founders for 2019 by the Financial Technologist. The FT Founder’s 50 recognises the most influential and inspirational founders in the industry following public nominations and the decision of a panel of expert judges.
Shiran was chosen by a panel of financial sector experts from EY, Baringa, The Realization Group, Simmons & Simmons and Harrington Starr as someone who has grown an exceptional business in the space. A representative of the panel said that they felt that his passion, work ethic and, most importantly, his ability to attract, engage and retain the right team to develop, build and help drive the Shield technology to the wider market were something that should be recognized as part of the FT Founders 50.
Upon the announcement of the FT Founder’s 50 list Shiran commented, “I am very proud to have been named in the 2019 list, which includes some very esteemed company. I am, of course, in this position because of the hard work and determined expertise of the whole Shield team, which ensures we continue to lead the market by providing the best and most relevant comprehensiveRegTech solution.”
Shield’s market-leading platform offers the complete solution for regulation compliance monitoring and reporting. Along with the provision of data compliance across the whole lifecycle (from capture, to secure analysis and flexible but comprehensive investigation), it is also fully future proof, constantly evolving to meet future challenges from new legislation and advances in technology.
Shiran added, “We have developed our systems closely with the financial firms and teams that rely upon them, which has seen us grow our client base and team significantly since launching in 2018. Much of the current legislation (such as GDPR and MiFID II) and forthcoming regulations (such as the forthcoming EU e-Privacy legislation) means that the traditional manual compliance monitoring has become impractical, expensive and unreliable. We are proud to provide a comprehensive RegTech solution that definitively meets the current and future needs of financial firms.”
Shield has already had an exceptional year of innovation in 2019, with the launch of several powerful new features for its platform, including AI for the reduction of false positives and Financial Context Recognition (FCR). The company has also launched the Shield Cloud deployment platform, which offers even greater flexibility for firms to select their preferred Cloud storage provider.
Additionally, last month the company launched its integration with Microsoft Teams, with the Shield platform being 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.
Shiran concluded, “With some financial firms spending a worrying 20% of operational costs on manual compliance, we are determined to transform the financial sector’s approach and attitude to regulatory compliance, by reducing costs but also ensuring regulatory compliance and peace of mind for customers, regulators and the firms themselves.”