Shield Financial Compliance has revealed it has put its compliance platform on to the cloud.
Its Shield Cloud solution provides financial institutions with a regulatory compliance solution ‘out of the box’ and is designed to given them greater flexibility with data preferences.
Firms can select their preferred cloud storage provider from companies including Amazon Web Services (AWS), Microsoft Azure and Google Cloud. The platform is also available as a hybrid-cloud model, mixing cloud services with on-premise systems.
Shield is a regulation compliance monitoring platform for all eComms systems, using AI natural language processing and visualisation to boot compliance. The platform can help connect all structured and unstructured data sources, record-keeping and archiving platforms.
Companies can also use Shield to archive their data in a secure and encrypted place, analyse this information and complete reporting processes.
Shield FC VP global sales & business development Eran Noam said, “When it comes to dealing with large amounts of unstructured eComms and trade data, Cloud is an excellent option for financial institutions of all sizes.
“Large firms using Cloud services have limitless capacity or performance. The Shield Cloud platform provides our customers with complete flexibility in a scalable and secure environment, it provides state of the art technology stack and with the total cost of ownership advantages for any size business, from SMBs to Large Enterprise level. We are pleased to offer customers another option in the way they monitor and protect their regulatory compliance needs in an ever-evolving environment.”
Earlier in the month, Deutsche Bank formed a partnership with CloudMargin, a collateral and margin management solution to the cloud, to improve its client experience. The bank is hoping this acquisition will help improve the client experience be creating a networked solution for collateral management.
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