Global financial markets technology and service provider IPC Systems today unveiled an expanded portfolio of comprehensive compliance solutions which fall under its Risk and Compliance Services division.
The announcement reaffirms the company’s ongoing strategic focus as a risk and compliance unified communications service provider for financial institutions and highlights its focus on the increasingly stringent and complex global financial markets compliance requirements.
Earlier this month, IPC launched FX Hub, a solution offering enhanced trade lifecycle capabilities and services, which was reported by Finance Magnates. Today’s announcement further increases the firm’s solutions for the financial sector.
IPC’s expanded compliance product portfolio features integrated, intelligent technologies that provide companies with the ability to meet many communications-related compliance requirements and store the data required to be captured, stored and retrieved, including call recording, communications surveillance and compliance assurance services.
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Neil Barua, CEO of IPC, said: “IPC’s deep expertise and global presence uniquely position us to guide our customers through the dynamic regulatory landscape which has never been more important, particularly in the wake of proposed and expected MiFID II, Dodd Frank and Market Abuse Regulation requirements. Our specialized, innovative solutions not only allow customers to mitigate compliance risks, but also enhance their trading operations.”
One of the main challenges faced by financial market firms with regard to complying with increased regulations is the effective management of vast amounts of data relating to interactions among clients, counter-parties and internal teams across many platforms.
Firms are required to store, analyse and index all aspects of a transaction for immediate retrieval and analysis in response to regulators’ inquiries and need to be able to show that they can actively monitor their systems in real-time to ensure that interactions comply with applicable laws.
To ensure customers receive the right solution for their needs, IPC offers a consultative approach supported by a robust compliance product portfolio. IPC integrates compliance, risk and governance, managing vital data at every stage of the process, ensuring that data is captured, records are properly managed and accurately delivered to risk and compliance officers when needed.
The expanded IPC Risk and Compliance Services division is headed by Lionel Grosclaude, IPC senior vice president, and managing director of EMEA, and is comprised of specialists from the compliance spectrum who work with external regulators and senior-level financial and technology executives to understand the changes in the global regulatory environment.