London, 5 May 2020: SteelEye, the compliance technology and data analytics firm, today announced that it is offering financial firms the opportunity to use its Communications Surveillance service for free for up to 90 days as the market adapts to a new style of working.
As firms reopen their offices, reduced density rules are likely to prevail for some time, meaning a workforce that is spread between the office and home. Monitoring communications by staff working in multiple locations will require changes in compliance processes, which may prove challenging if access to on-premise technology is needed.
To help compliance teams adapt to more flexible working conditions, SteelEye’s Communications Surveillance service is being offered for up to 90 days and 50 monitored users at no charge and with no obligation for future use. It includes monitoring MS Exchange email and Bloomberg chat, and can be seamlessly integrated to capture communications from staff working remotely.
“At SteelEye, we want to be supportive while financial firms are dealing with the COVID-19 disruption and adapting to the increased acceptance of flexible remote working. With workforces dispersed across various locations it is increasingly difficult, yet more important than ever, to monitor employee communications,” said Matt Smith, CEO of SteelEye. “In order to support financial compliance teams and to help demonstrate how our solutions enable remote workers to execute their roles whilst protecting their firms, we are providing them with the opportunity to use our surveillance service free of charge.”
He added, “Our technology platform is modern and cloud-based, meaning that it can be deployed quickly and easily. Importantly, onboarding clients for Communications Surveillance can be completed in 24 hours.”
SteelEye's Communications Surveillance is modular and enables firms to add communications data from a range of sources, as required. Its integrated platform enables financial firms to strengthen risk detection, improve oversight and continuously demonstrate compliance.
SteelEye is a RegTech and data analytics firm that was established to reduce the complexity and cost of financial compliance and enable firms globally to manage their regulatory obligations through a single platform.
SteelEye’s ability to bring together, cleanse, index and analyse structured and unstructured data across all asset classes and communication types enables clients to effortlessly meet their regulatory needs, because when all this data is in one place, compliance becomes both easy and cost-effective. And with everything under one lens, firms also gain fresh insight into their business, helping them improve their efficiency and profitability.
To date, SteelEye has launched solutions for record keeping, trade reconstruction, transaction reporting, trade and communications surveillance, best execution reporting, transaction cost analysis and advanced analytics for regulations including MiFID II, EMIR, Dodd-Frank, SMCR and MAR. For more information, visit: www.steel-eye.com.
For further information, please contact:
Marketing Director – SteelEye
+44 (0)203 821 6039
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