Compliant Phones, the international mobile voice and data recording company, has today announced that it has won multi-million pound contracts with five leading global investment banks to supply mobile and data recording solutions. The two-year deals have been signed to ensure the banks are fully compliant with Financial Services Authority (FSA) mobile and data recording regulations, coming into force on Monday 14th November 2011.
The five world-leading investment banks chose Compliant Phones’ cloud-based mobile recording solution following extensive product and security evaluation. The technology – underpinned by Compliant Phones’ patented Inline Mobile RecordingTM – performed well under scrutiny to ensure full recording compliance was achieved.
The UK financial services community has less than a month to implement fully-compliant recording technology in a crowded market where not all solutions can guarantee to cover the new FSA regulations.
Curtis Nash, Compliant Phones’ CEO, commented: “In a compliance-driven market where a significant proportion of banks are opting for the lowest common denominator option, today’s deals highlight that our solution is reliable, strategic and strongly endorsed globally. In such a tight economic climate, investment banks should be reassured that our technology will fully support FSA compliance guidelines.”