Marty Colburn (the well-known former CTO for FINRA) notes in one of his recent Smarsh Expert Perspectives series video segments that solutions actually do exist today for organizations seeking to avoid separate data and system silos for each type of communication content they use.
THE SITUATION
The range of different communications content types that need to be checked for compliance, retained, and made available for discovery events, such as audits, regulatory examinations and litigation, is getting wider and more diverse.
This situation is particularly challenging for organizations in regulated industries, such as financial services, healthcare, lending, public sector and others that want to avoid becoming technology integrators of multiple, separate systems for each of the different communications content types involved.
In this Smarsh Expert Perspectives series video, Colburn explains that if you start to look across the healthcare, security and mortgage industry, people are looking for more and more transparency in governing electronic communications.
In a digital world when business is being conducted through Facebook, web advertising and instant messaging, there is a need to capture those transactions, communications or information that results from the prospective sale.
The last thing you want is for firms to have to be their own system integrator and figure out point solutions for different message types and products.
THE SOLUTION
The Archiving Platform by Smarsh, a single archiving solution that can be leveraged for compliance supervision and discovery, supports a wide range of communications content types including: email, text and instant messages, web, video and social media. The Archiving Platform’s capabilities have proven to be highly effective within the financial services industry and other regulated industries.
With a consolidated solution supported by a single provider, organizations can utilize The Archiving Platform by Smarsh as an effective means of eliminating the growing challenge of integrating separate silos of communications data and related systems for the sake of proactive compliance supervision and responsive discovery.
Please visit The Archiving Platform page on Smarsh.com for more information.
Smarsh
Scalable for organizations of all sizes, the Smarsh platform provides customers with compliance built on confidence. It enables them to strategically future-proof as new communication channels are adopted, and to realize more insight and value from the data in their archive. Customers strengthen their compliance and e-discovery initiatives and benefit from the productive use of email, social media, mobile/text messaging, instant messaging and collaboration, web, and voice channels.
Smarsh serves a global client base that spans the top banks in North America and Europe, along with leading brokerage firms, insurers, and registered investment advisors. Smarsh also enables state and local government agencies to meet their public records and e-discovery requirements. For more information, visit www.smarsh.com.
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ARCHIVING & COMPLIANCE BLOG
Our Blog explores the news, trends and best practices in electronic recordkeeping. It’s about managing and getting value from your electronic communications data. It’s about satisfying legal and regulatory obligations. It’s all about turning compliance liability into business insight.