POWERED BY
INTELLIGENT BRANDS // Enterprise Security
Mimecast helps financial organisations
more effectively address supervisory
compliance requirements
/////////////////////////////
New supervision service from Mimecast delivers
better audit readiness increasing efficiencies, reducing
resources required and helping to control costs.
Shane Harris, Senior Director of Product
Management at Mimecast
M
imecast, a leading security
and compliance company,
announced the availability of
Mimecast Supervision, helping financial
services organisations address supervisory
compliance requirements, such as SEC,
FINRA, FCA and other regulatory constraints.
As part of the Mimecast Cloud Archive,
Mimecast Supervision includes intelligent
selection, allowing organisations to focus on
specific messages that warrant review and
avoid false positives. An optimised workflow
makes the review process quick and easy.
Regulated financial services firms are required
to establish supervisory policies and they may
also face periodic regulatory audits. At the
same time, firms are spending far too much
time and money maintaining compliance.
In fact, a recent survey by Duff & Phelps
revealed that financial services executives
said they already expect to spend more than
5% of revenue on compliance by 2023. To
help organisations address these concerns,
www.intelligentcio.com
Mimecast Supervision now offers a new
level of efficiency to the compliance review
process for financial services organisations.
“The governance, risk, and compliance
market continues to be driven by a demand
to mitigate the risks facing organisations
as cheaply and efficiently as possible by
leveraging technology,” said Ryan O’Leary,
Senior Research Analyst for Legal, Risk and
Compliance at IDC. “As a result, archiving
vendors are well positioned to enter the
compliance market and compete by
providing financial services organisations
with compliance tools that can embed
directly into their existing solutions.
Compliance technology buyers, generally,
prefer deploying tools that work within
existing systems and automate workflows
to achieve efficiency gains, cost savings,
and risk mitigation without the integration
challenges of traditional add on solutions.”
Shane Harris, Senior Director of Product
Management at Mimecast, said: “Most
regulated financial services firms are required
to establish supervisory policies. Mimecast
is committed to providing best-in-class
compliance solutions. With Mimecast
Supervision, we are helping our customers
meet and exceed their supervision goals
across FINRA, SEC, FCA and more with
visibility and control over organisational data.”
Mimecast Cloud Archive and Supervision is
now listed on the FINRA Compliance Vendor
Directory, joining a small list of approved
solutions recognised by a key financial
services regulatory agency. Additionally,
Supervision can be coupled with Mimecast
Compliance Protect, which helps firms meet
SEC retention requirements.
Compliance Protect’s suitability for
use as part of an SEC 17a-4 compliant
programme has been certified by the third-
party firm, Compliance Solutions Strategies,
which recently validated Compliance
Protect through a Regulatory Retention
Compliance Assessment. n
INTELLIGENTCIO
69