BlackBerry and mobile surveillance and compliance firm VoxSmart have partnered to provide financial services firms tools to comply with the European Union’s Markets in Financial Instruments Directive (MiFID II).
BlackBerry UEM (Unified Endpoint Management), which connects and manages endpoints, together with VoxSmart’s VSmart technology will provide financial services firms with the ability to capture, record, store and analyze mobile voice, text and third-party instant messaging applications such as WhatsApp and WeChat, say the companies.
MiFID II, which comes into effect on January 3, 2018, demands that all financial services firms in Europe must keep records of all services, activities and transactions for at least five years. Records include all electronic and instant messaging communications, telephone conversations and text messages related to or intended to conclude in a transaction, even if one does not occur.
[Image courtesy: BlackBerry]