Verint Reinvents Financial Compliance to Provide Proactive Control and Automation Surrounding Trades
October 09 2018 - 8:30AM
Business Wire
Solutions Capture the Broadest Range of Communication Modes
offered by Microsoft Skype for Business and Teams, Cisco Jabber and
other Voice and Digital Interactions
Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement
Company™, today announced significant innovations in its Financial
Compliance offerings for financial services organizations.
Available both on-premises and in the cloud, the offerings support
modern work processes that have yet to be addressed by traditional
compliance solutions. Verint Financial Compliance solutions offer a
broad range of capabilities including the ability to capture
communication and data across all of the capabilities offered by
Unified Communications (UC) solutions such as Microsoft Skype for
Business, Microsoft Teams and Cisco Jabber, along with automated
operational verification, proactive compliance and an open approach
to facilitate integration.
The advanced capabilities come at a time when financial services
organizations face increasingly complex challenges in maintaining
compliance with regulatory requirements—including Dodd-Frank in the
U.S., MiFID II and MAD II / MAR in the EU. Verint Financial
Compliance offerings support the increasing scope of the
communication, interaction and transactional data that must be
recorded, stored and available for retrieval.
“Today, trades are executed through multiple channels and
devices,” said Dick Bucci, Principal, Pelorus Associates.
“Financial services companies must be able to quickly spot
problematic activity, reconstruct trading actions, and pinpoint
potential problems regardless of channel or device. Verint has long
led the way in providing holistic solutions to address complex
processes and brings that same level of thinking and technology
expertise to financial trading.”
“After the fact compliance is not enough. Reacting to
non-compliant actions still means that a failure has occurred,”
says Verint’s Nancy Treaster, senior vice president and general
manager of strategic operations. “Verint gives financial traders
and related businesses the proactive controls and automated
verification needed to reduce risk across regulated
communications with counterparties and clients, and among
internal teams.”
Unique Capabilities Meet Challenges of Stricter, More Diverse
Regulatory Environment
Today, all electronic communications—voice, mobile, SMS, IM,
video, file share, etc.—must be recorded and monitored to maintain
compliance in the financial services industry. However, up until
now, recording across all of these modes has been impossible for
financial services organizations. Verint Financial Compliance takes
full advantage of all the capabilities of collaboration tools by
proactively recording every interaction that could lead to a trade.
Financial services organizations can unlock the benefits of
state-of-the-art solutions for collaboration, expanding the ways
they work with customers, and still remain compliant with the most
stringent of regulations.
The platform-agnostic solution delivers capabilities that can
prevent non-compliant incidents from occurring in the first place,
outpacing other industry solutions that only offer
capture-and-archive capability. Verint’s offerings help
organizations work proactively to maintain adherence and reduce the
cost of compliance.
Verint Financial Compliance offerings include:
- Capture featuring Skype for
Business/Teams/Unified Communications (UC) – An open, automated
solution for capturing, regulating, archiving, retrieving and
analyzing electronic communications across leading UC platforms and
traditional channels.
- Automated Verification – A
compliance and operational assurance solution that performs system
tests across multiple vendor platforms, applications and
communication paths to ensure optimum operation. It mitigates the
risk of costly disruptions, captures and retains all recordings in
accordance with the business’s policy and even accesses recordings
on obsolete platforms when needed.
- Proactive Compliance/Ethical
Wall – Monitors multiple channels and proactively enforces
communication and information policies.
- Dealerboard Integration
Capabilities – Provides standard integrations to popular tools
and offers an API-first, open approach that facilitates new and
faster integrations.
For more information about Verint’s Financial Compliance
offerings, 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 85 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, 2018, our Quarterly
Report on Form 10-Q for the quarter ended July 31, 2018, 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.
VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT
COMPANY, NEXT IT, OPINIONLAB, TERROGENCE, SENSECY, CUSTOMER
ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR,
RELIANT, VANTAGE, STAR-GATE, SUNTECH, and VIGIA are trademarks or
registered trademarks of Verint Systems Inc. or its subsidiaries.
Other trademarks mentioned are the property of their respective
owners.
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Verint Systems Inc.Media Relations:Amy
Curryamy.curry@verint.comorInvestor Relations:Alan
Rodenalan.roden@verint.com
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