Arkivum launches Arkivum SHIELD enabling the FIS markets to meet CAT / CFTC / FINRA / RegSCI / MiFID II / MAR / MiFIR and GDPR data integrity guidelines and in a cost-efficient way
LONDON – November 14, 2017 – Arkivum Ltd, a leading provider of long-term data safeguarding, compliance, and usability solutions, today announced the launch of Arkivum SHIELD, an end-to-end, secure digital safeguarding and e-communications archival solution built to address the unique, yet critical, challenges of the global financial services market.
Arkivum SHIELD is a scalable, flexible and cost-effective end-to-end managed data safeguarding solution that provides organizations with an effective way to manage compliance risk more easily through audit trails, chain of custody of archived records, data immutability and an unrivalled built-in 100% data integrity guarantee, with no vendor lock-in.
The financial services industry has experienced unprecedented change in recent years. Regulatory pressures, narrowing margins, legacy technologies and fierce global competition require organizations to seek innovative strategies and disruptive technology solutions. There are major global mandates that warrant for recordkeeping and retention polices i.e.; CAT / CFTC / FINRA / RegSCI / MiFID II / MAR / MiFIR / GDPR as well as e-communications such as WhatsApp, text messages etc conducted from a personal device. Now, more than ever, it is critical that financial institutions maintain accurate immutable records, store and dispose of them properly, and have the ability to access them immediately through built-in search and discovery module in original form when required to do so.
Ultimately firms should be looking to leverage this unavoidable regulatory spend to not only successfully meet the requirements but also to augment the service, in terms of quality and features, which they are providing to their clients, to gather more advantageous and accurate data in a centralized fashion and most crucially, boost competitiveness. Arkivum SHIELD is an innovative purpose fit software only technology platform that caters to all global recordkeeping and data preservation regulations for the financial vertical. Arkivum SHIELD is a fully managed and scalable solution that offers a variety of deployment models, with an eye on reducing the TCO for the clients and protecting the records per regulatory mandates.
Yaron Naor, VP Financial Services and GM Americas comments “we are excited to announce our sector-tuned solution for this important market which has to contend with significant challenges of data integrity, data privacy and cost pressures. Together with our strategic partner TM Group, a trusted advisor of Scandinavia’s leading banks since 2001, we are addressing the growing need for an end-to-end, pre-integrated compliance solution to meet these requirements. Arkivum SHIELD is deployed at financial services organizations, including a major UK insurance provider, with a long-term managed solution to address growing data volumes whilst meeting the stringent data integrity and regulatory requirements they must adhere to.”
Arkivum is exhibiting and participating in a panel session at the RegTech Summit for Capital Markets in New York this week – https://datamanagementreview.com/events/regtech-summit-capital-markets-new-york-city – and the Arkivum team will be presenting and demonstrating the unique value proposition of Arkivum SHIELD.