Shield Financial Compliance and Trusted Data Solutions have partnered to boost their global presence.
As part of the deal, Trusted Data Solutions will represent Shield from a sales, services and deployment position, providing customers with access to the technology platform.
The company has formed the partnership to bolster their growth and move into new geographies. Both Shield and Trusted Data Solutions expect the partnership will continue to grow as the market continues to mature.
Shield FC stated that wants to continue focusing on developing its technology and partnering with companies like TDS a vendor gives it a local presence and close touch to customers. The company offers a cross-regulation compliance platform that offers a complete view on e-comms, trade and market data.
Leveraging AI, natural language processing, and visualisation capabilities, clients can better meet data management and record keeping-focused regulations.
New York-based Trusted Data Solutions provides 37,000 clients with legacy data management, helping the backup tape restoration, email migration, and voice retrieval.
Trusted Data Solutions head of strategy and partnerships Paul Willson said, “We believe that customers need to take a 360 approach to the compliance silos, to look at process, tooling, and technology in order to deliver a high level of assurance across the platform.
“We also understand customers have a choice and we need to be a business enabler and problem-solver. The Shield platform’s complete approach to RegTech will ensure our clients can embrace a truly holistic approach.”
This partnership comes months after Shield FC deployed its platform onto the cloud, giving financial institutions an out-of-the-box regulatory compliance solution.
Shield FC VP global sales & business development Eran Noam said, “We were looking for a value-add partner with comprehensive financial markets domain expertise.
“TDS brings a unique combination of solid and dependable ethical orientation and extensive financial markets knowledge, along with excellent customer service, to provide the best expert assistance – from installation to continued maintenance and support of the Shield platform.”
Copyright © 2018 RegTech Analyst
