IPC Systems, a provider of trading communications solutions to financial services firms, today announced the successful launch of its IPC Compliance Policy Engine, a new software that automates proactive compliance adherence and mitigates risk by financial trading communications and information governance.
Many organisations now operate in complex regulatory environments and thus compliance management is more challenging than ever. In addition, regulation is constantly expanding worldwide, which makes compliance management a major strategic risk.
IPC’s new solution help firms stay compliant by allowing them to establish and supervise communications policies that relies on a combination of network analytics and programmed rules to grant role-based permissions based on any number of factors. For example, IPC Compliance Policy Engine could permit or block voice communications between groups of employees in order to comply with global applicable regulations.
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IPC Compliance Policy Engine takes the pain out of compliance management. It works with all types of financial organisations, which today are not only liable if their employees are out of compliance, but also if their supervisory and management systems do not adequately monitor and mitigate risks.
IPC’s new Compliance Policy Engine software platform is now available for the IPC Unigy platform, which was introduced back in 2011 as the industry’s first Software Oriented Architecture (SOA) based platform for unified trading communications and applications.
“With regulations such as Dodd-Frank, MAR, and MiFID II, capital market participants face the increasing burden of both interpreting the impact of regulations and demonstrating they are properly enforcing policies,” said Lionel Grosclaude, Senior VP of Risk & Compliance at IPC.
“Proactively managing trading communications and information governance risks will enable financial services firms to evolve their organisations more quickly and gain a competitive advantage. We are excited to add the ability to provide end-to-end proactive compliance to our growing portfolio of services and solutions that help our customers manage risks in their environment to ensure compliance,” he added.