Video communication has become a particularly useful tool for businesses these days. However, using it comes attached with several laws and regulations to follow.
Using video conferencing tools and recording them means that companies must follow regulations in a wide range of laws such the Dodd- Frank, PCI-DSS, the EU’s Markets in Financial Instruments Directive (MiFID II) and privacy laws like the General Data Protection Regulation.
Failing to uphold the standards of these laws could result in both huge fines and some serious damage to companies’ brands.
That is why Theta Lake, the RegTech company, has created a solution to help ventures better review and understand what is in their audio recordings.
The company’s solution that makes it easier to be compliant and to review calls easier, faster and more accurately.
Theta Lake’s AI-powered compliance suite solves the supervision and review challenges for call recording. It leverages deep learning and compliance AI to automate policy risk detection and manage review workflow for potential regulatory and compliance risks.
Some of the key features of Theta Lake’s solution are its natural language processing and deep learning capabilities that automatically detect regulatory, conduct, and corporate compliance risks and flag them to the company’s compliance teams.
Theta Lake also recently launched the industry’s first free SEC Rule 17a-4 compliant archive designed for collaboration platforms such as LogMeIn, Zoom, RingCentral and Cisco.
You can find out more about Theta Lake’s services here.
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