Hearsay Systems, a digital communications compliance vendor, has launched two new capabilities that use artificial intelligence (A.I.) — one to sift out inappropriate images in videos and direct messages, and another to detect offensive text— all to help financial advisors make certain their posts are compliant with regulatory and industry standards. The new features are… Read More >>
Social Media & Messaging Usage Exploding: Q&A
(Editor’s note: Silicon Valley-based Hearsay Systems recently appointed financial services compliance veteran Iain Duke-Richardet as compliance strategy principal. Duke-Richardet’s mandate at Hearsay includes advising the vendor’s 100+ global financial services clients about the changing regulatory landscape. He will also be helping Hearsay’s product teams “to address new complexities as a strategic advantage to firms’ digital… Read More >>
Social Media Compliance Alerts Decreasing: Q&A
(Editor’s note: Hearsay Systems, a digital communications and workflow solutions vendor, recently released its 2019 Financial Services Social Media Content Study, which analyzes content across clients’ social media programs. The study reviewed social media data from 110,150 financial services professionals at 32 U.S. firms, including wealth management companies. “Teams now grasp the power of social… Read More >>
Asset Managers Must Disrupt Hiring Practices: Report
The disruptions rocking the securities industry — fee compression and consolidation, artificial intelligence, big data, analytics and social media — are rippling through the asset management sector and compelling many to reconsider hiring practices for core business functions. This is according to a report from Greenwich Associates, “Top Asset Management Talent Will Need to Evolve…… Read More >>
Social Media Played Role in Alleged FX Scam
The CFTC is taking legal action via the federal court system against an individual allegedly running a foreign exchange (FX) trading scam that exploited social media outlets to lure more than 140 fraud victims. Citing a misappropriation of customer funds and many regulatory violations, the regulator has entered a preliminary injunction via the U.S. District… Read More >>
Looking for E-Comms Risks in the Wrong Places?
Portland, Oregon-based Smarsh, which characterizes itself as a provider of archiving and compliance solutions for companies in regulated and litigious industries, has unveiled its eighth annual Electronic Communications Compliance Survey report. The 40-question survey of 191 financial services professionals with direct compliance responsibilities found that “organizations are not keeping pace with their retention and supervision… Read More >>
LSE Group Launches Social Media Platform for Investor Relations
A LinkedIn/Skype hybrid developed by the London Stock Exchange Group (LSEG) will make investor relations activity more efficient and less costly, according to the stock exchange group. The platform, Elite Connect, is a mixture of LinkedIn and Skype, according to the London Stock Exchange Group’s head of Italy and Continental Europe primary markets, Luca Peyrano…. Read More >>
Have a Great Thanksgiving and Enjoy Our SMAC Chats
Financial Technologies Forum (FTF) and its news division FTF News will be closed Thursday and Friday, so that we can take a short break over the Thanksgiving holiday weekend. We will be returning with hot news for the Monday morning after Thanksgiving. But, in the meantime, we will be offering extremely useful content for the… Read More >>
Time to Ramp Up Social Media Risk Management?
Financial services firms may want to up their social media compliance training say industry experts reacting to the news that a federal grand jury in San Francisco and the SEC are charging James Alan Craig, who lives in Scotland, with securities fraud via an alleged scheme involving Twitter accounts and damaging messages. In fact, to… Read More >>
How Hurricane Sandy Put BNY’s Business Continuity to the Test
(Editor’s note: Hurricane Sandy devastated the East Coast and the Northeast of the U.S., among other regions, three years ago. According to current tallies, 233 people in eight countries died as a result of the hurricane’s destructive path, which caused $75 billion in damage. For Wall Street firms, the hurricane was a test of their… Read More >>
