MiFID II represents the biggest overhaul of regulatory legislation in the European financial sector for over 10 years. Smarsh cuts down the complexity of staying compliant. Under the new, rigorous requirements of MiFID II, firms must capture and archive all forms of communication associated with trades and transactions, including voice communications, across all business and personal devices, accounts and channels. Direct capture of messages from the source for all supported content types, automatically indexed for lightning fast, granular search and retrieval, and more. With the increased scope of compliance requirements under MiFID II, firms need to be able to quickly find and retrieve specific messages according to a wide variety of search criteria. Advanced search capability is fundamental to on-going communications monitoring as well as to satisfy specific audit requests. Granular, lightning fast, universal, saved and proximity searches across people, dates, files/attachments and all supported message content types. MiFID II requires records to be stored in a 'durable medium' (akin to WORM format, which cannot be altered or deleted) and retained for a period of between five and seven years, depending on the jurisdiction. Highly secure environment for client data, retention rules, WORM format storage, different deployment options and more. Firms need to have supervisory policies and procedures in place in order to monitor compliance with the recording and recordkeeping requirements of MiFID II. Periodic monitoring of communications alongside proof of this monitoring is a necessary part of staying compliant. Advanced supervision workflow, multi-tier review queues, action panels, roles reporting, escalation, customisable policies and more. Firms must be able to gather together, in context, all communications around a particular trade as a part of MiFID II's trade reconstruction requirements. This includes records of all voice and text communication (including email, social media, IM and phone calls). Content captured across all supported content types in original format, message conversation threading, and advanced search combined with complete reporting, simple retrieval, multiple export options and more. Nearly every business will need to search for and produce content for audits, investigations, or litigation at some point. Proactively preserving and collecting all digital content in one archiving system significantly reduces the time and costs associated with e-discovery and litigation requests. The Smarsh platform offers powerful case management, faceted search, legal holds, on-demand exports and more. The Personal Archive module offers employees quick, easy and secure self-service access to their archived messages and attachments. Smarsh offers multiple deployment models to match the specific needs of your environment, whether you favour on-prem or cloud deployment, with all records remaining safe and secure throughout the entire archiving lifecycle and records access workflows. We support all popular types of electronic communications used by financial firmsAll your digital and voice communications in ONE search-ready, MiFID II compliant archiving platform
Key capabilities to manage your communications records
Capture
Search
Retain
Supervise
Reconstruct & Report
Legal & Discovery
Personal Archive
Deployment & Security
We Archive Everything
Mobile communications from employees
Both enterprise and public social platforms
Virtually any email platform or host
Websites
Internal messaging
Many more..
Trusted by top organisations for electronic communications capture and archiving with innovative industry solutions for compliance, e-discovery and risk management.
