eDiscovery and Regulatory Compliance for Financial Institutions

With heavy compliance obligations, heightened legal risks, and private data spread throughout the enterprise, financial institutions are recognizing the need for managing information at the enterprise level to keep up with the pace of regulatory change.

regulatory compliance for financial services

Top 5 Global Bank

A global bank needed to meet their evolving and international compliance needs. They tried multiple products, all of which failed under massive data volumes, putting them at risk for sanctions. Their new system provides scalability across global locations, thousands of mailboxes and multiple business functions, including compliance, eDiscovery and archiving.

Bridging the Gaps in Financial Services

Regulatory Compliance and Supervision

Regulatory Compliance and Supervision

The Challenge

The compliance landscape is complex, opaque and constantly changing. Financial institutions have been expanding the scope of business activities and communication channels, resulting in increasing data volumes. For these rapidly growing data volumes, organizations are expected to meet standard compliance requirements, such as FINRA and SEC 17a-4, while staying up with emerging regulations, such as GDPR. Failure to stay on top of regulatory compliance requirements can have significant financial and legal ramifications.

The Solution

  • Granular policy engine to reduce false positive and maximize review efficiency
  • Automatic supervision and triggers for non-compliance
  • Sustainable compliance for emerging regulatory obligations, including GDPR
  • Configurable reports for insights into communication patterns and internal threats

eDiscovery

eDiscovery solutions

The Challenge

The growing volume and variety of enterprise data has resulted in higher eDiscovery risks and costs associated with collecting and reviewing electronically stored information (ESI). With data spread across multiple geographic locations, corporate entities, applications and legacy repositories, organizations are pressured to find and produce potentially relevant information under urgent litigation demands.

The Solution

  • Complex search to maximize accuracy and relevancy of results returned
  • Cull and review data quickly to determine case strategy and gain insights into related custodians
  • Powerful self-service control for legal and compliance teams to relieve IT burden
  • Comprehensive and defensible audit trails for full chain of custody

Information Governance

Information Governance software

The Challenge

Digital collaboration and information sharing have forced financial companies to become more data-centric. Data governance – knowing where your data is and who is accountable for it – is a critical factor in preventing breaches, automating regulatory compliance and preparing for threatening legal action. The challenge for financial institutions is how to effectively govern information in a global, fast-paced and heavily regulated industry.

The Solution

  • Centralized control ensures consistent policy management for all data types
  • Unify business initiatives across business, legal, compliance, risk and data management
  • Global search across the entire data ecosystem, spanning locations and data sources
  • Full-text indexing and metadata capture for rapid information retrieval
Learn how we can help to solve your challenge