Wavenet has joined a financial compliance partner program managed by Verint Systems.
Wavenet’s TeamsLink Direct Routing solution for voice calling in Microsoft Teams will use Verint’s Financial Compliance technology to support businesses in their voice and collaboration recording efforts.
Interaction recording has been a key compliance requirement to support the migration to Microsoft Teams. TeamsLink can help organisations meet industry standards including MiFID II, FCA and MAR. It is designed for businesses in several sectors including financial services, legal, retail and manufacturing.
TeamsLink Call Recording is an enterprise-grade, secure recording solution that can enable organisations to record all communication features available in Microsoft Teams meetings: from voice calling to chat, video meetings, screen sharing, and instant messages across all regulated users. TeamsLink Call Recording will centrally record, store, and make data readily available and easily retrievable for reconciliation, trade reconstruction, augmented business insights, and compliance evidencing.
Verint’s Financial Compliance solution – available both in the cloud, on premises and as a hybrid architecture – offers a broad range of capabilities to help the financial industry tackle risk and regulatory compliance. These include the ability to capture, retain, monitor and analyse voice and electronic communication streams offered by unified communications (UC), trader voice, mobile and IP telephony solutions by Microsoft, Cisco, IPC, BT, and other vendors.
These capabilities are augmented by automated operational assurance, proactive communication governance and an open approach to facilitate integration to address sophisticated requirements for record-keeping, monitoring and reporting. Verint’s solution delivers capabilities that can prevent non-compliant incidents from occurring and organise of large volumes of unstructured data. By outpacing other industry solutions that only offer capture-and-archive capability, Verint’s Financial Compliance helps organisations work proactively to maintain adherence, avoid fines and reduce the cost of compliance.
“Organisations are struggling to maintain compliance as they adopt new voice and electronic communications platforms, such as Microsoft Teams, amidst increasing enforcement action by regulators under MiFID II, MAR, and other new regulations,” said Philip Grannum, chief commercial officer, Wavenet. “We are confident that combining our TeamsLink Call Recording solution with Verint’s offering gives financial firms a trusted, cost-effective solution to enable risk-free Microsoft Teams adoption across their organisation. We look forward to partnering with Verint to achieve this.”
“Today, the financial compliance landscape is more complex than ever before. Some say technology is the answer, but only the right, proven solutions coupled with in-depth industry knowledge and expertise will prevail,” says Verint’s John Bourne, senior vice president, global channels and alliances. “That’s why we’ve carefully selected solutions, services and support providers to participate in Verint’s Financial Compliance Partner program. We are pleased to welcome Wavenet to our growing network of experts in this field with whom we are helping financial market participants address increasing regulatory demands.”