eflow Global has linked with eComms firm TeleMessage to bolster the communication data available in its market data library.
According to eflow, the partnership aims to further strengthen the eComms surveillance functionality of TZ, its RegTech solution, through TeleMessage’s mobile eComms capture capabilities and data store.
eflow provides financial companies with cloud-based solutions that are designed to ensure compliance with a range of financial regulations. TZ provides businesses with solutions for market abuse and insider trading, as well as best execution and transaction cost analysis. TeleMessage provides messaging and communication archiving products and services.
Under the new deal, unstructured communication data form a number of platforms such as WhatsApp, WeChat, Telegram, MMS, SMS, Signal and voice calls will be captured, normalised and organised before being loaded into TZ for surveillance and testing against a range of regulatory requirements.
eflow remarked, “Increasingly, regulators are requiring higher volumes of more diverse data types for the purposes of trade surveillance, meaning that trade and market data alone are no longer sufficient to ensure proper compliance.
“With more people working from home and utilising their mobile apps for communication, the mobile communications that take place around a transaction can provide essential information that might highlight abusive trading, and as such properly capturing and analysing these communications is a vital part of modern trade surveillance.”
eflow CEO and founder Ben Parker said, “As a RegTech vendor, extending the scope of our market data library is always high on our list of priorities. I have every confidence that this new partnership will achieve just that.”
TeleMessage CEO Guy Levit added, “As regulators tighten their grip on mobile communication, we are delighted to partner with eflow, expanding the possibilities of regulated firms and employees to chat and use mobile devices.”
eflow recently teamed with surveillance consultant GRSS to enhance their holistic market abuse surveillance solution.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
