eflow Global Teams Up With TeleMessage
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eflow Global will partner with TeleMessage to enhance the communication data available in their market data library, it has been announced. The partnership aims to further strengthen the eComms surveillance functionality of eflow’s RegTech solution TZ.
Increasingly, regulators are requiring higher volumes of more diverse data types for the purposes of trade surveillance, meaning that trade and market data alone are no longer sufficient to ensure proper compliance. With more people working from home and utilizing their mobile apps for communication, the mobile communications that take place around a transaction can provide essential information that might highlight abusive trading, and as such properly capturing and analysing these communications is a vital part of modern trade surveillance.
With this in mind, this partnership will allow eflow to leverage TeleMessage’s extensive mobile eComms capture capabilities and data store for use in their trade surveillance system TZ.
eflow provides financial firms with cloud-based solutions designed to ensure compliance with a range of financial regulations. TZ – their flagship trade surveillance solution - provides firms with solutions for market abuse and insider trading, as well as best execution and transaction cost analysis.
TeleMessage
TeleMessage has been providing messaging and communication archiving products and services for over 20 years. Their market-leading connectivity with eComms platforms and telecom carriers will be an invaluable addition to eflow’s existing library of market data.
Under this new partnership, unstructured communication data from a range of platforms including WhatsApp, WeChat, Telegram, Signal, SMS, MMS and voice calls will be captured, normalised and organised before being loaded into TZ for surveillance and testing against a range of regulatory requirements.
Ben Parker, CEO and Founder of eflow, speaks very highly of the partnership. “As a RegTech vendor, extending the scope of our market data library is always high on our list of priorities”, says Parker. “I have every confidence that this new partnership will achieve just that.
Guy Levit, CEO of TeleMessage said “As regulators tighten their grip on mobile communication, we are delighted to partner with eflow, expanding the possibilities of regulated firms and emploees to chat and use mobile devices.”
