RIMES’ RegFocussm Market Surveillance solution named as one of the top trade surveillance solutions for financial services firms.
New York, September 8th, 2020: RIMES, the global leader in Managed Data Services and RegTech solutions for financial institutions, has been identified as a buy-side segment specialist in the “Trade Surveillance Solutions: Evolved, Effective and Essential” report compiled by independent market analysts, Greenwich Associates.
The report takes a deeper look into the surveillance technology landscape, evaluating vendors and identifying the leading trade surveillance technology providers for financial services. Despite being a relatively recent entrant into the competitive surveillance landscape, RegFocus Market Surveillance has been identified as a top holistic contender in the vendor landscape, with a focus on meeting the specialized needs of buy-side firms.
The importance of establishing a complete surveillance program has become clear over the last decade, and communications surveillance has risen in importance as a result of the compliance challenges in the COVID-era. To keep pace with the evolving environment, RIMES recently completed a full integration with SOTERIA, the real-time multimedia communication and market data capture and monitoring platform, making RIMES’ RegFocus Market Surveillance a comprehensive trade and communications solution, across electronic, audio and video channels.
Scott Burke, Global Regulatory Product Manager, at RIMES, comments: “The COVID-19 pandemic has shone a spotlight on the importance of an integrated trade and communications surveillance solution, which meets the regulatory requirement to identify, manage and investigate potential market abuse scenarios. To have RegFocus Market Surveillance recognized as a leading solution in the market by independent market analysts, Greenwich Associates highlights RIMES RegTech capabilities and solution performance.”
Danielle Tierney, Senior Advisor at Greenwich Associates commented: “The need for permanent expansion of compliance infrastructure across financial segments has never been clearer. Gaps in surveillance and monitoring capabilities put firms at unnecessarily high risk, especially for insider trading and market abuse.”
RIMES RegFocus Market Surveillance is an integrated transaction and communications surveillance service to help financial services firms. The award-winning solution enables firms to meet the regulatory challenge of detecting insider trading and attempted market manipulation, providing a truly comprehensive surveillance capability.
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