Verint Helps Financial Organizations Comply with European MiFID II Trading Regulation
December 21 2017 - 10:30AM
Business Wire
New Robust, Open Solution Accelerates Compliance, and Helps
Avoid Risk and Penalties
Financial services organizations active in the European Union
are facing a more stringent trading regulatory framework starting
January 3, 2018 when MiFID II comes into force. Already powering
compliance at leading global financial organizations around the
world, Verint® Systems Inc. (Nasdaq: VRNT) is now helping customers
future-proof MiFID II readiness with a next-generation solution
that enables them to regulate, capture, retain, retrieve and
analyze all data generated through electronic communications across
all trading front- and back-office functions, and provide proof of
compliance that they are doing so.
To help today’s financial organizations comply with the evolving
electronic communications domain, Verint’s new innovative
compliance automation framework provides assurance that there is no
loss of voice recording and that the systems are optimized to
manage compliance risk. The company offers proven electronic
communications capture across voice, text, video and desktop
screens, all managed within and backed by a single compliance
platform that’s open and easily adaptable to expand with the latest
capabilities.
Verint’s new compliance platform also provides ethical wall
policy management, filtering, redaction and automated compliance
enforcement for real-time electronic communications. Comprehensive
real-time testing across the compliance ecosystem eliminates manual
“walk the floor” offerings, streamlines operational effectiveness
and detection, and solves misconfigurations that can result in lost
records.
As MiFID II takes effect, failure of adequate controls,
communications and recording systems can disrupt business, leading
to loss of revenue, and regulatory and reputational risk, with
senior executives being held personally accountable. Regulators are
mandating, as well, that evolving and developing future
technologies be covered under MiFID II.
“The implementation of MiFID II is just around the corner.
Firefighting approaches when compliance issues arise are simply not
tolerated anymore,” says Nancy Treaster, Verint SVP and general
manager, strategic operations. “Our solutions and compliance
strategy focus not only on after-the-fact compliance. Verint has
reinvented electronic communications compliance by introducing a
proactive approach that helps detect compliance problems before
they occur.”
To learn more, click here.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization, security intelligence, and fraud, risk and
compliance. Today, over 10,000 organizations in more than 180
countries—including over 80 percent of the Fortune 100—count on
intelligence from Verint solutions to make more informed, effective
and timely decisions. Learn more about how we’re creating A Smarter
World with Actionable Intelligence® at www.verint.com.
This press release contains “forward-looking statements,”
including statements regarding expectations, predictions, views,
opportunities, plans, strategies, beliefs, and statements of
similar effect relating to Verint Systems Inc. These
forward-looking statements are not guarantees of future performance
and they are based on management's expectations that involve a
number of risks, uncertainties and assumptions, any of which could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements. For a detailed
discussion of these risk factors, see our Annual Report on Form
10-K for the fiscal year ended January 31, 2017, our Quarterly
Report on Form 10-Q for the quarter ended October 31, 2017, and
other filings we make with the SEC. The forward-looking statements
contained in this press release are made as of the date of this
press release and, except as required by law, Verint assumes no
obligation to update or revise them or to provide reasons why
actual results may differ.
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respective owners.
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Verint Systems Inc.Media and Analyst
Relations:Anne
Pattonanne.patton@verint.comorInvestor
Relations:Alan Rodenalan.roden@verint.com
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