Mar 15, 2018

To provide the best and most personalized services to clients and to get the best analytic insights, companies need more data than ever before. Yet to comply with ever-increasing privacy regulations, they need to shed excess data and limit its use.

Take the financial services industry. From SEC 17a-4 to FINRA, banks have been subject to data regulations for decades. SEC 17a-4 requires copies of certain communications be stored for five to seven years on WORM storage where it cannot be altered. It’s a fairly straightforward requirement that improves review and audit capabilities with a singular goal: avoid fraud.

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