Insightful Technology and Trapets Form Strategic Alliance•
Insightful Technology and Trapets form strategic alliance to deliver fully managed Trading Surveillance and Regulatory Compliance Ecosystem
London – UK – 24th January 2018
Industry leaders in trading surveillance, Trapets, is the latest to embrace a collaborative partnership with Insightful Technology, and align their product suite with Insightful’s best-in-class compliant multimedia communications SaaS platform, Soteria™.
Trapets, who are revered in the financial services industry for their managed service offerings around market abuse and trade investigations, will now have the ability to offer a more comprehensive and complimentary product to their clients, to proactively monitor and analyse not only market activity around trades, but all global multimedia communications inside their organisation that potentially relates to a trade, collated together in a single, fully-structured and filterable window-pane view.
With communication data captured in real-time within Soteria™, and business-empowering Artificial Intelligence tools such as keyword and phrase searching, voice to text transcription and translation, and proactive surveillance alerts on communication activity or content, to transform data into meaningful information, case reconstructions can also be created in a few minutes, complete with containerised and time-lapsed file access for regulators, without data breaching local or global jurisdiction requirements.
Rob Houghton, CTO of Insightful Technology said: “In marrying up reports from Soteria™ with Trapets’ own intelligent reporting capabilities, a fundamental gap is bridged in providing a complete set of records to the regulator around the lifecycle of a trade, and more importantly gives businesses back ownership of their data and a confidence that they have shown best execution and transparency in line with the major financial market regulations. The collaboration is an exciting one to say the least.”
Gunnar Wexell, Chairman at Trapets AB commented: “The constantly moving regulatory environment not only requires firms to adapt and expand their in-house surveillance programmes, but also to deal with compliance requirements that are increasing in breadth, depth and complexity. Integrating our leading edge trade surveillance platform with Soteria™ provides the holistic approach needed to meet today’s regulatory requirements.”
Insightful Technology Contact:
Carina Evison, Head of Marketing & PR
Tel: +44 (0) 203 398 7001
Gunnar Wexell, Chairman
Tel: +46 705 101868
About Insightful Technology
Through our SaaS platform Soteria™ (www.soteriasoftware.co.uk), Insightful Technology (www.insightfultechnology.com) provides organisations around the world with the ability to securely capture, analyse and store business communications in real time, regardless of the source. With an accompanying A.I. and B.I. analytics and proactive alerting suite, and the functionality to create case reconstructions immediately, we not only drive compliance on a global scale but also impact on enterprise agility.
Soteria™ is currently used by 9 of the top 12 tier 1 global banks, and over 175 other financial organisations, and can also be implemented by government agencies, and legal institutions all around the world.
About Trapets AB
Trapets AB (www.trapets.com) is Sweden’s leading provider of Trading Surveillance, AML and KYC solutions and associated technologies. The company offers exemplary advice on the ‘best fit’ compliance solutions for the capital markets accompanied by fully project managed implementation, consultancy and maintenance services. Professional services range from assistance in implementing compliance monitoring and advanced analytics programs to fully outsourced trade surveillance.