Optus Business signed an exclusive partnership with financial services provider Citycom Solutions.
The agreement is aimed at delivering the Citycom Assure platform, to provide financial organisations with tools to comply with financial regulations relating to the monitoring and capturing of market communications.
Citycom Solutions chairman, Ian Summerfield, said by using the service compliance professionals can produce analytics on unusual activities, keywords and receive alerts in near real-time.
“The solution was designed in response to the increasing regulatory oversight in the financial sector across the globe and to combat recent insider trading and financial malpractice issues.”
The platform is said to support integration and reporting of the five main forms of trade communication including mobile, SMS, instant messaging, email and fixed line voice.
Optus Business Head of Mobility and Convergence, Martin Conneely, said the capability provides compliance and risk managers in the financial services sector with the tools customers need to monitor and analyse near real-time communications.
“They can easily capture, analyse and report voice and other electronic communications and reduce the compliance risk by identifying poor practices early.”