Citicom Solutions has partnered with Doran Jones, a full-service financial services consultancy, to sell Citicom Assure, a product designed to provide proactive, real-time analysis of data, including instant messages (IMs), emails, text messages and mobile- and fixed-voice recordings.
The partnership will provide a go-to-market outlet for Citicom Assure in the US through Doran Jones’ established relationships with several tier-one banks, hedge funds and other global financial institutions.
Financial institutions are now seeking the most robust solutions available to ensure they are fully compliant with Dodd-Frank voice and data recording regulations, and this partnership will assist them in creating transparency and improving internal controls.
“Banks and financial institutions are continuing to struggle with many of the compliance guidelines that are being implemented by the Wall Street governing bodies,” says Ian Summerfield, CEO of Citicom Solutions. “The Citicom Assure software not only helps to ensure that these institutions remain fully compliant, but it also provides them with a resource that will analyse the data which they can leverage in their trading strategies. Doran Jones’ strong relationships with many of the major US banks will be crucial in getting this software implemented across the industry.”
“The industry has experienced a major shift in the way that communication takes place and it is imperative that financial institutions have the proper protocols in place to reflect the changing regulatory structure,” says Matt Doran, CEO of Doran Jones. “We are very pleased to be partnering with Citicom to offer the Citicom Assure solution to our customers, several of whom are major players in the global financial marketplace.”
Citicom Assure is a non-disruptive technology that captures, stores and analyses all internal data while flagging unusual activity, keywords, inappropriate terms and emotional sentiment in real-time. The solution was designed in response to the increasing regulatory oversight in the US financial sector and to combat the recent insider trading and financial malpractice issues.