How Theta Lake’s compliance capture allows firms’ access to UC tools without fear of regulatory fines
Regulatory compliance officers and their IT colleagues have had a hard time lately.
Firms have benefited from Zoom, Teams, and many productivity-enhancing Unified Communications (UC) tools.
But financial regulators across the world stipulate that firms must monitor, supervise and archive written and oral communications (including chat IM, whiteboards, video email, or telephone calls whether on Zoom, Teams or other tools). That can be expensive, time-consuming, and impractical. But for banks, failure to comply has already caused over $1.8bn in fines this year in the US alone, and the UK’s PRA has sanctioned one UK firm.
So, the easiest solution for compliance officers and their IT colleagues is to turn off key UC features.