RJO to Be the First Customer on New Platform Futures and clearing broker R.J. O’Brien & Associates (RJO) will be consolidating two separate back-office systems onto one post-trade platform from systems and services provider Broadridge Financial Solutions that will support exchange-traded derivatives (ETD) operations globally. RJO will be the first customer for the platform to… Read More >>
Smarsh Acquires Entreda to Bolster Cybersecurity Support
Electronic communications archiving vendor Smarsh will be able to bolster its cybersecurity risk and compliance offerings to broker-dealers, registered investment advisors (RIAs) and banks via its acquisition of Entreda, maker of a platform that unifies these services. Smarsh offers archiving and compliance support for email, social media, text messaging, instant messaging, websites, and voice. Through… Read More >>
Smarsh-Microsoft Partnership Targets Financial Services Firms
Smarsh, a vendor of cloud-based archiving solutions, has joined Microsoft’s One Commercial Partner (OCP) co-selling program just as more of Smarsh’s financial services customers move their messaging infrastructures to Microsoft Office365, a subscription service for the Microsoft Office product line. The go-to-market strategy will mean that Smarsh via its cloud-native Enterprise Archive offering could grow… Read More >>
Smarsh Updates DLP Solution for Microsoft Teams
Smarsh, an archiving and monitoring solutions provider for electronic communication, has released an update of its Control data-loss prevention (DLP) application for the group chat/unified communications software system Microsoft Teams. The Control software targets financial services firms that need to enforce internal policies, block and delete content within Microsoft Teams, and bolster related compliance, risk… Read More >>
Looking for E-Comms Risks in the Wrong Places?
Portland, Oregon-based Smarsh, which characterizes itself as a provider of archiving and compliance solutions for companies in regulated and litigious industries, has unveiled its eighth annual Electronic Communications Compliance Survey report. The 40-question survey of 191 financial services professionals with direct compliance responsibilities found that “organizations are not keeping pace with their retention and supervision… Read More >>
Is the Fiduciary Rule Dead?
Whatever happened to what is known as the “Fiduciary Rule,” propagated by the U.S. Department of Labor? To recap: The Labor Department in 2017 was pretty much set to move ahead with the so-called “Fiduciary Rule,” on April 10. But the Trump team halted the rule’s implementation via an executive order, arguing that it needed… Read More >>
Actiance & Smarsh to Become One Company
Rival providers of social media compliance for financial services, Smarsh and Actiance, will become one company via private equity firm K1 Investment Management, which has just announced that it is acquiring Actiance. If authorities approve the combination, the new company will serve “more than 6,500 financial services firms ─ including the top 15 global banks… Read More >>
Smarsh Bolsters European Push via Cognia Acquisition
Smarsh, a Portland, Ore.-based digital archiving company, has bought London-based archiving and analytics vendor Cognia to enhance its mobile and fixed-line voice communication capabilities in a bid to meet the impending MiFID II rules and increase its European footprint. Financial details of the deal were not disclosed although Smarsh officials say that they would retain… Read More >>
Text Messaging Adds to Compliance Staff Woes
Text messaging is moving up the ladder of concerns for financial services compliance professionals, according to a recent survey. Mobile devices and non-email communications channels such as text messaging are two of survey respondents’ “top three overall e-communications compliance concerns,” according to the findings of the seventh annual Electronic Communications Compliance Survey Report. “Not only… Read More >>
Ops Staffs to Heed the Call of Disruption in 2017
(The word “disruption” has been noted by pundits as one of the most over-used in 2016. However, the term still accurately describes the changes underway in securities operations — and across financial services — that shook multiple groups, disciplines and conventional wisdom. To appease linguists and help operations staffs, FTF News in this final installment… Read More >>
