From: RegTech Analyst
RegTech firm SteelEye has inked a deal with txtsmarter, the compliance platform, that will see the two join forces to better protect companies from falling foul of regulatory commitments.
“Whilst the use of mobile phones on a trading floor is often restricted, people working from home now regard mobiles as a fundamental communications tool, with employees increasingly using messaging apps to communicate,” said Helen Bevis, head of strategic partnerships at SteelEye. “By partnering with txtsmarter, we can provide native access to their clients’ data in the SteelEye platform, offering the e-communications surveillance they need to be compliant.”
Nuri Otus, founder and CEO of txtsmarter, added, “Via our partnership with SteelEye, we offer our clients a 360-degree archiving and surveillance service, supplying real-time access to previously inaccessible data. Only txtsmarter can capture native iMessage and Android SMS/MMS messages, providing a full view of all communications – which is necessary for full compliance and to avoid huge sanctions. We all know the real conversations happen via text.”
SteelEye raised $10m in a Series A round in February.
Copyright © 2020 FinTech Global