1GLOBAL and Verint Forge Strategic Partnership to Revolutionize Compliance in Financial Services
1GLOBAL and Verint Forge Strategic Partnership to Revolutionize Compliance in Financial Services
July 12, 2024, United Kingdom – In a significant move set to transform compliance standards within the financial services and trading sectors, 1GLOBAL, a leading mobile virtual network operator (MVNO), has announced a strategic partnership with Verint, a global leader in actionable intelligence solutions. This collaboration aims to enhance mobile compliance recording solutions for financial institutions worldwide, marking a pivotal step towards modernizing compliance and surveillance practices.
Through this partnership, 1GLOBAL will equip its global clientele with Verint’s trusted cloud-based recording solutions, underpinned by the robust Verint Financial Compliance platform. This integration is expected to empower professionals with compliance obligations, enabling them to boost productivity and extend their capabilities through advanced features such as voice transcription, keyword searching, alerting, and meeting summaries.
The collaboration is designed to ensure that 1GLOBAL’s clients can seamlessly adhere to stringent compliance and trade surveillance policies mandated by regulatory frameworks such as MiFID II, Dodd-Frank, and MAR / MAD II. By leveraging these advanced tools, financial institutions can avoid the hefty fines and penalties associated with non-compliance, streamline compliance audits, and promptly provide regulatory agencies with comprehensive records of trade-related communications.
Siobhan Thompson, Head of 1GLOBAL Compliance, expressed enthusiasm about the partnership, stating, “Partnering with Verint enables us to offer our customers access to the most innovative cloud-based recording solutions on the market. Compliance in the cloud is key to 1GLOBAL’s strategy. Our partnership with Verint and their VFC platform for our cloud hosting is a testament to that. Verint’s cutting-edge technology, combined with 1GLOBAL’s leading mobile recording capabilities, provides customers with assured compliance capabilities as well as increased productivity and analytics.”
John Bourne, Senior VP Global Channels & Alliances at Verint, highlighted the strategic importance of integrating 1GLOBAL’s mobile voice and SMS capture capability with the core Verint solution. “The integration will provide customers with more control, increased data completeness, and the ability to proactively expose compliance anomalies,” Bourne said. This joint strategy aims to align all communications into a user-centric view, offering an unprecedented level of control and insight into compliance processes.
This partnership between 1GLOBAL and Verint is set to redefine the landscape of compliance in the financial services sector, offering a seamless, efficient, and comprehensive solution to meet the evolving needs of financial institutions around the globe. As these organizations navigate the complexities of regulatory compliance, the collaboration promises to deliver a robust framework for compliance, enhanced by the latest in technology and analytics.