Theta Lake, the RegTech company, has announced the industry’s first free SEC Rule 17a-4 compliant archive designed for collaboration platforms such as RingCentral, Microsoft Teams, Cisco Webex, LogMeIn and Zoom.
The Theta Lake Compliant Collaboration Archive module will add to Theta Lake’s impressive range of solutions designed to help compliance teams scale their compliance risk detection in modern collaboration platforms across video, voice, chat and more.
The new offering comes as more companies are tapping into the benefits of using collaborations tools and remote-working tools.
However, using these tools means businesses must comply with the complex regulations set out by regulators such as the U.S. Securities and Exchange Commission, Financial Industry Regulatory Authority and the EU in general.
That’s where Theta Lake’s Compliant Collaboration Archive module comes in. The solution is developed to make archiving video, voice chat and file content from collaboration platforms straightforward and cost-effective. It integrates directly with the firm’s collaboration platforms using pre-built partner integrations with the leading platforms and automatically retrieves communications.
Compliant Collaboration Archive includes a breadth of capabilities that include 100 GB of free storage with simple storage add-ons available, 17a-4 compliant storage hosted in a secure SOC2 Type 2 certified data center designed specifically for collaboration platform archiving, full archive retention policy management for any storage duration, metadata search with full playback and viewing for voice, video and text communications, and simple click-through upgrades for full supervision, individual recording supervision, data export, and additional storage
“The migration to rich collaboration tools has been in full swing, and the current emergency response plans for Covid-19 are obviously accelerating usage,” said Devin Redmond, CEO of Theta Lake. “We are enabling safer, more compliant usage with the introduction of the Compliant Collaboration Archive module, which addresses the legacy challenges that businesses have been facing in providing full compliant archiving for today’s full-featured communication collaboration tools.
“It provides a purpose-built solution for compliance collaboration archiving that relieves firms from relying on either raw cloud storage or the high cost and complexity associated with traditional archive systems that have collaboration coverage constraints.”
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