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Financial Services Compliance

Maintain compliance with EU regulations and policy.

EU and US financial services firms use social media, IM, email, UC, and financial networks to interact with clients. With this comes new compliance risks and a myriad of regulatory, data governance, and eDiscovery demands.

Actiance for UK and EU Financial Services

Keep all your communications safe and compliant.

Engage clients through the communications channels they demand while meeting FCA, GDPR and MiFID II requirements with:

  • Active Compliance for real-time policy control
  • Data loss prevention to prevent leakage of sensitive information
  • Record keeping and immutable content storage
  • Robust supervisory review and content inspection

Key Features

TrueCompliance™ Content Capture

Forensically-sound content capture to withstand the most rigorous regulatory scrutiny

Capture & Review In Context

Review conversations across email, social media, UC, messaging, and financial networks

Enforce EU and market-specific policies

Create policies to meet FCA, GDPR, MiFID II and other key US and EU financial market requirements

Financial Services Expertise

Actiance is the de-facto standard for financial services communications compliance

FINRA Social Media
Active Compliance™

Proactive compliance with real-time policy controls.

Active Compliance controls enable firms to adopt a proactive posture toward the identification and remediation of compliance risks, including:

  • Real-time blocking and monitoring
  • Policy controls for instant threat detection
  • Granular feature control to disable specific functionality
  • Ethical walls to prevent communications across restricted groups

Key Features

REAL-TIME BLOCKING & MONITORING

Block sensitive communications, posts, and files in real-time

INSTANT THREAT DETECTION

Policy controls for instant detection of spam, viruses, malware, and other inbound threats

GRANULAR FEATURE CONTROLS

To enable control over specific features for users, groups, or business units

ETHICAL WALLS

To prevent communications across restricted groups, e.g. between traders and advisors

FINRA compliance
Data Loss Prevention

Instantly detect and locate sensitive information.

Data loss prevention capabilities prevent insider and outsider threats by protecting sensitive information against loss and attack, allowing firms to monitor, detect, secure, and manage corporate data with:

  • Real-time content protection policies and controls across all modalities
  • Real-time alerts and an instant response system
  • In-content file scanning and keyword definitions
  • Automated context-driven data classification
  • Hundreds of pre-populated regulatory rules

Key Features

PROTECTING ALL MODALITIES

Capture and protect in real-time every type of content and data on a mobile device, tablet, or desktop

CONTEXT-DRIVEN DATA CLASSIFICATION

Block sensitive outbound data and files with contextual data classification, granular identifiers, and pattern expressions

PRE-POPULATED REGULATORY RULES

Hundreds of pre-populated regulatory rules satisfy laws by industry as well as by regulatory body such as the SEC, FINRA, and HIPAA, to name a few

FINRA Social Media
Data Retention and Archiving

Meet record-keeping and immutable storage requirements.

FCA, GDPR and MiFID II regulations require firms to capture and retain information in a tamper-proof format to ensure that information is always retrievable. Actiance addresses these requirements with:

  • TrueCompliance and the capture of 80+ communications channels
  • Enforcement of EU and market-specific policies
  • Immutable (WORM compliant) data storage
  • A modern, cloud architecture for instant content access

Key Features

TrueCompliance™ Content Capture

Forensically-sound content capture to withstand the most rigorous regulatory scrutiny

Meet EU and Market-specific Policies

Enforce retention and disposition policies to meet EU or specific financial market requirements

Immutable data storage

Retain everything in a tamper-proof, WORM-compliant content archive

Modern, cloud architecture

Built to scale with lightning fast ingestion, search, and export

FINRA Social Media
Robust content supervision and inspection

Meet FCA and MiFID II supervisory review requirements.

Actiance helps financial services firms meet FCA, GDPR and MiFID II supervisory review obligations faster and more effectively with:

  • Advanced supervisory pre-review features
  • Configurable case management workflows
  • Expressive review policies
  • Robust analytics and APIs

Key Features

ADVANCED SUPERVISORY PRE-REVIEW

Real-time moderation, message blocking, and feature controls

CONFIGURABLE CASE MANAGEMENT WORKFLOWS

Meet centralised or decentralised supervisory review models

EXPRESSIVE REVIEW POLICIES

Define EU and market-specific policies and custom detection filters to reduce the rate of false positives

ROBUST ANALYTICS AND APIs

Enhance visibility into communications patterns and uncover potential violations

Actiance Platform for EU Financial Services

Stay ahead of communications compliance

Financial services firms lead other industries in their adoption of new communications and collaboration tools. Actiance’s flexible platform allows for compliant use of 80+ communications channels to meet FCA, GDPR and MiFID II regulations with confidence. This includes:

  • Vantage: to enable Active Compliance and pre-review across enterprise social, IM, UC, and financial networks
  • Socialite: to provide compliance controls across public social media
  • Alcatraz: the modern, context-aware content store to meet financial services retention, storage, and supervisory requirements
Alcatraz will allow us to do more than we could ever do with our legacy archive - with its ludicrous speed and open design, this is our platform for the future.
Top 5 Global Bank
Knowledge Center

About MiFID II Regulations

Originally implemented in 2004, the Markets in Financial Instruments Directive (MiFID) was original designed to increase competition and investor protection in financial investment products. While MiFID served to provide harmonization of financial market operations across member EU states, it failed to deliver the investor protections that became exposed during the 2007 financial crisis. The limitations of MiFID included
1) the creation of new derivative financial products,
2) the participation of a broader set of investors that are active in the market,
3) new communications tools used to market and sell financial products.

MiFID II and its accompanying regulation outlined in the Markets in Financial Regulation (MiFIR), attempt to create greater market transparency, a ‘level playing field’ for investors large and small, and a broader set of communications that lead to a trade event. MiFID II is very comprehensive with over 90 articles in total addressing market operations, investor protection, record keeping, supervision, information storage, as well as other reporting obligations.

Knowledge Center

About MiFID II Requirements

MiFID and MiFID II requirements create a number of technology, process, and infrastructure challenges for financial services firms. MiFID requirements are aimed at providing better investor protection, ensuring that markets are operating efficiently and transparently, and reflect the unique challenges created by new financial products and new communications tools in use in the marketing and sale of financial products. MiFID requirements include the need to capture all communications that are associated with a trade event, which can include traditional channels including email, but now must also including voice recording, and a variety of financial networks and messaging apps including Symphony, IceChat, Thompson Reuters, Bloomberg, Slack, Skype for Business, Cisco Jabber, and others. MiFID requirements for capture of this breadth of communications sources will cause firms to re-evaluate their ability to preserve those content sources via custom built approaches or through native access to each communication network.

MiFID requirements include the need to capture all communications that are associated with a trade event, which can include traditional channels including email, but now must also including voice recording, and a variety of financial networks and messaging apps including Symphony, IceChat, Thompson Reuters, Bloomberg, Slack, Skype for Business, Cisco Jabber, and others. MiFID requirements for capture of this breadth of communications sources will cause firms to re-evaluate their ability to preserve those content sources via custom built approaches or through native access to each communication network.MiFID requirements for the retention and storage of these sources entails the assignment of retention policies to each network, the immutable storage of that content, as well as the use of a storage technology that enables the fast search and retrieval of that content. Supervision is also a key MiFID requirement, to ensure that firms are conducting review against all communications sources to ensure adherence to MiFID II and MiFIR mandates.Finally, supervised communications will need to be associated with a trade event to perform trade reconstruction to meet MiFID requirements.

Talk to an EU compliance expert

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