Technology advancements have cemented the use of chat as a part of today’s work environment, with Synergy Research Group projecting a 60% growth in spending on team collaboration apps—the fastest growing unified communication market segment. Rolling out collaboration chat to employees for both internal and external communications offers financial firms productivity gains. And, these electronic communications must also comply with SEC Rule 17a-4 data retention requirements. 

 

Theta Lake makes it easy for firms to compliantly provide collaboration chat by making it possible to securely retain, retrieve, and review fully threaded messages, group channels, and shared content.

Chat collaboration provides employees with extensive capabilities to share content. When it comes to meeting compliance requirements, firms need an easy way to capture all this content, such private, one-to-one and group messages, as well as shared files like audio, video, PDFs, and documents.

The availability of comprehensive collaboration platforms has never been greater, with many organizations using multiple platforms. Whether you stick with the platform you have today or decide to make a switch in the future, your compliance solution for chat should support extensive integrations, so your firm has full flexibility to evolve your collaboration strategy without interruption to your compliance program.

For firms, the compliant storage of electronic chat communication must support data growth while controlling costs. A strong solution should provide secure WORM-compliant storage that enables rule-based retention policies with rich eDiscovery and, the ability to apply legal holds.