In the wake of COVID-19, the financial services industry has had to rapidly change its methods of working in ways that could not have been dreamed of 12 months ago. But from this disruption has come a wave of innovation that has prompted banks across the world to rapidly progress their digital transformation plans.

PORTLAND, Ore., Dec. 11, 2020 /PRNewswire/ -- Ruby, the premier provider of live virtual receptionist and chat services for small businesses, has been recognized by Oregon's business community and the Portland Business Journal for the fifth consecutive year as a Most Admired Company in the Technology and Technology Manufacturing category.

Today FeaturedCustomers published the Winter 2020 eDiscovery Software Customer Success Report to give prospects better insight on which eDiscovery Software would work best for their business according to real customer references.

The ongoing coronavirus pandemic notwithstanding, FINRA continues to proceed at full speed when it comes to penalizing financial advisors for noncompliance with recordkeeping and supervision obligations. In particular, one recurring area where significant penalties can be imposed is with a financial advisor’s outside business activities (OBA).

WealthTech Weekly November 23, 2020

The exponential growth in electronic communication channels is triggering a massive, strategic shift in regulations technology for financial services firms. Remote workforces and long-distance collaboration are here to stay, regardless of when Covid runs its course. The time when straightforward archive, capture and surveillance tools could suffice for wealth management firms, banks and their professionals is fast coming to an end.

Smarsh, enabling organizations to manage the risk and uncover the value within their electronic communications, today announced direct carrier capture and archiving support for T-Mobile for Business. Smarsh helps regulated organizations capture, archive and search text messages to meet regulatory compliance mandates and e-discovery challenges.

Discovery Data launched its next-generation market intelligence platform in conjunction with the expansion of its market-leading product suite. Captrust acquires Shine Wealth Partners. RiskPro integrates with Envestnet to enable investment advisors to build and manage client portfolios with less regulatory risk.

President-elect Joe Biden would like to make significant changes to the tax code that would affect wealthy families.

This week’s acquisition of Digital Reasoning Systems by Oregon-based Smarsh gives the Cool Springs company the muscle to capitalize on the growth opportunities presented by working life in the age of COVID-19, Digital Reasoning founder and CEO Tim Estes said.

We’re ending the week with all the funding, acquisition, and startup news from across the Southeast you need to know:

Smarsh, enabling organizations to manage risk and uncover value within their electronic communications, is acquiring Digital Reasoning, bringing together the leadership of Smarsh in digital communications content capture, archiving, supervision and e-discovery, with Digital Reasoning's leadership in advanced AI/ML powered analytics.

On Tuesday, Digital Reasoning announced it had been sold to Portland-based communications archiving firm Smarsh. But don’t call the deal Nashville’s latest big tech “exit” — because Tim Estes and his team aren’t going anywhere.

Tech firm Smarsh is buying artificial intelligence company Digital Reasoning to form a combined firm they say will enable RIAs and independent broker-dealers to “spot risks before they happen, maximize the scalability of supervision teams, and uncover strategic insights from large volumes of data in real-time.”

Technology from the global war on terrorism is being brought to bear on advisors’ social media and email messages.