Hearsay Systems says it has bolstered the Hearsay 360 client engagement solution for financial advisors with predictive analytics, intended to help financial services firms speed up compliance reviews and improve workflows. The new features and functions have been inspired by the work of Hearsay’s data science staff, officials say. The goal was to provide compliance… Read More >>
Hearsay Unveils Apps for Surveillance Suite
Social media compliance vendor Hearsay Social has unveiled new mobile applications for iPhone and Android that will link clients to Hearsay’s Predictive Social Suite, according to a company statement. Hearsay is a privately held, San Francisco-based provider of software-as-a-service predictive technologies that enable financial advisors and insurance agents to “identify opportunities” and “engage with their… Read More >>
Time for a New Way to Fight Fraudsters?
Every year, hackers and other financial criminals cost financial services firms billions of dollars in stolen revenue. While it’s unlikely financial fraud will be stomped out altogether any time soon, Tom Ryan, CEO of Argyle Data, believes his startup has found a way to offer firms a quantum leap forward in their preventative capabilities. By… Read More >>
How Not to Cross the Line via Social Media
Learning the power of social media helps financial services firms understand how not to cross the line into non-compliance, says David Edwards, president and wealth adviser at Heron Financial Group wealth advisers, based in New York City. Heron Financial is “very marketing-focused” and thus a great fit with social media, Edwards says. “When I say… Read More >>
ProEquities Taps Smarsh for Social Media Compliance
Smarsh, a provider of hosted archiving solutions for compliance and e-discovery, reports that it has been selected by ProEquities, a broker-dealer for independent registered representatives and financial advisors, to provide it with LinkedIn, Facebook, Twitter and email archiving services. The services will enable ProEquities to meet the needs of its advisors and its IT and… Read More >>
Weighing the Pros and Cons of Social Media
A Facebook official in blue jeans urged the audience at FTF’s Social Media and Compliance in Financial Services (SMAC) conference yesterday not to get “stuck in the gate” on social media. As the day progressed, it became clear that firms are actually overly cautious. It’s time, though, for firms to quickly weigh the pros and… Read More >>
Tweets, Lies and Corporate Actions
On Tuesday, April 23, a fake Twitter tweet via the Associated Press about the bombing of the White House sent the Dow crashing by 143 points for two minutes. A hacker who broke into the AP was responsible and the AP quickly addressed the issue. However, by then, $134 billion worth of stocks had been… Read More >>
Is Facebook Your New Corporate Actions Data Provider?
Could social media sites become major conduits for corporate actions notifications? I’m asking this in the wake of the SEC clearing the way for public companies to use social network sites such as Facebook and Twitter for key announcements. Earlier this week, the SEC declared that social media sites are equivalent to corporate websites as… Read More >>
