With enterprise adoption of Microsoft Teams collaboration continuing to grow and the announced End Of Life of Skype for Business next year, compliance teams seek a reliable solution to record unified communications. At the same time, Financial Institutions (FIs) have more regulatory requirements like FINRA’s 2020 Exam Priorities focused on Collaboration Platforms and the FCA’s Senior Managers Regime that will require compliance personnel themselves to perform recordkeeping, supervision, and reporting of best effort compliance monitoring. The Theta Lake for Microsoft Teams solution scales compliance for the increasing scope and volume of ecommunication data that must recorded, reviewed, and retrievable based on increasing regulatory requirements.
Theta Lake helps compliance teams address 3 supervision challenges. First, the solution provides full capture, archiving and compliant record keeping of all Teams content – including the only in market solution that can cover one-to-one chats to adhere with FINRA, SEC, and MiFID II record-keeping requirements. Second, Theta Lake provides a full supervision solution that provides automated Natural Language Processing and Machine Learning-based detections of potential compliance risks. Risky content is available in both an AI-assisted review space, as well as a traditional search and discovery view. These supervision capabilities aim to prioritize risk identification and add efficiency for compliance and legal reviewers. Third, Theta Lake provides the only solution for real-time risk alerting, education, and reporting for FI employees using Microsoft Teams to help end-users avoid risky behavior and non-compliant activity.
Our Recent Writings
A recent notice from FINRA gives compliance officers with remote workforces insights into the agency’s approach to remote work and supervision risks, which will be increasingly important given that remote work is likely here to stay.