IS SOTERIA SUITABLE FOR COMPLIANCE WITH GDPR?

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Yes. For the correct management and control of personal data, required under GDPR legislation, SOTERIA can easily process data management and record control, incorporating full audit trails. Deployed as a cost-effective, modular solution on a Pay As You Use basis, it enables firms to be both compliant and efficient.

CAN SOTERIA PROVIDE PROACTIVE ALERTS IN REAL-TIME?

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Yes. After inputting any target keywords (manually or by bulk upload), the SOTERIA platform can be programmed to trigger real-time alerts (T 0) as soon as any of the specified keywords are mentioned in any form of communications. Alert notifications are immediately sent via email and/or SMS to the specified user(s), along with a link to access the relevant media … Read More

IS THERE A MINIMUM OR MAXIMUM NUMBER OF USERS FOR THE SOTERIA PLATFORM?

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No. SOTERIA has been deployed by companies as small as a 2-person hedge fund, as well as 10 of the top 12 global banks and over 180 other financial institutions of every size in between. The platform can support unlimited users, from any geographic location.

WHAT IS THE TYPICAL LEAD TIME TO DEPLOY THE SOTERIA SOLUTION?

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For deployments with 6 data source types or less to be collected, with SOTERIA being installed using VMWare and IPSEC/VPN, the whole process of installation and training to final sign-off can be completed in 3-4 weeks.

IS SOTERIA IN KEEPING WITH MIFID II COMPLIANCE REQUIREMENTS?

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Yes. Firms falling under MiFID II requirements must have recording in place for all forms of voice and e-communications. They also need to demonstrate that Best Execution practices are followed. With security and integrity of data objects built into the core of its platform, SOTERIA normalises all forms of data and reconstructs them against individual users, timelines or designated keywords. … Read More

WHAT FORMS OF COMMUNICATIONS DATA DOES SOTERIA CAPTURE?

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SOTERIA records all forms of media, from voice and electronic communications to trade data. Fixed line voice, trading turrets, mobile voice, SMS, email, Microsoft Teams and social media, as well as trade feeds and news, such as Bloomberg and Reuters, can all be recorded, normalised, stored and instantly recalled. SOTERIA also allows the compliant recording of WhatsApp and all other … Read More

WHAT TYPE OF ORGANISATIONS IS SOTERIA SUITABLE FOR?

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SOTERIA is suitable for all industries, particularly those that are regulated or where protection of corporate data is of exceptional importance such as Financial Services, Legal Services and Government.

CAN SOTERIA BENEFIT FINANCIAL FIRMS WHO HAVE LITTLE OR NO NEED FOR REAL-TIME COMMUNICATIONS MONITORING?

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Yes. All firms falling under MiFID II legislation must capture and store recordings of all voice and electronic communications relating to activities intended to result in the conclusion of a transaction or the provision of client order services, regardless of whether or not they result in a financial transaction. In order to achieve this, most firms currently use different systems … Read More