Why Is Now the Time for the Financial Markets to Focus on Collaboration Compliance?

By Phil Fry, VP of Financial Compliance Product Strategy at Verint

The seismic impact of the pandemic has seen many banks and financial institutions ramp up their use of next-generation communication solutions, to assist their employees to work from home and alternative locations. During lockdowns, trades and client orders, that were traditionally executed at corporate sites, moved to work-from-home environments. This sudden change necessitated breaking away from existing enterprise phone and turret systems, and rolling out cloud-based trader voice, messaging and collaboration clients on traders’ and back-office employees’ laptops.

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