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UC Today: Theta Lake Unleashes 100 New Capabilities

By November 12, 2024November 18th, 2024No Comments
Theta Lake unleashes 100 innovations

 

Theta Lake’s Risk & Compliance Suite gets a huge upgrade, including a DCGA solution

Today, Theta Lake has revealed over 100 innovations to its Risk and Compliance Suite. From tracking Zoom calls to preserving SMS and mobile chats, these updates offer companies new controls over their digital interactions.

According to Theta Lake’s annual report, over 85% of companies use at least four different communication tools, leading many to disable advanced functions to meet compliance mandates.

This often means limiting modern features like voice recognition in meetings, whiteboards, and chat options—a measure that, ironically, pushes employees to other unmonitored platforms. The resulting fines can be astronomical, more than 70 firms across the financial industry have been forced to pay $4bn collectively this year alone.

The company’s ambitious goal is to create a unified Digital Communications Governance and Archiving (DCGA) system that integrates seamlessly across popular collaboration tools and thus avoids siloed data and communications.

Three-Pronged Approach

Theta Lake’s three-pronged solution includes Unified Capture, Unified Search, and Proactive Compliance.

Each feature is designed to help companies adopt new communication tools faster, reduce potential compliance risks, and avoid disruptions. The platform’s ability to capture content across Zoom, RingCentral, LinkedIn, and beyond allows firms to retain comprehensive records, including all video, audio, SMS, and even dynamic content like whiteboards and AI-summarized meetings.

With innovations like multilingual code-switching for language-specific compliance and AI-driven false-positive reduction, Theta Lake is making regulatory review both smarter and more efficient. By recognizing key compliance risks like Material Non-Public Information or AI notetakers within messages, Theta Lake enables companies to act faster on red flags, often before issues arise.

“Our latest release further strengthens Theta Lake’s Digital Communications Governance and Archiving capabilities, making the Theta Lake suite by far the most powerful solution to help organizations ensure compliance without sacrificing productivity,” said Dan Nadir, Chief Product Officer, Theta Lake.

 

Read the full article here.

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