Regulatory compliance solutions specialist eflow has formed a new partnership with IP Sentinel in response to the recent FCA Thematic Review, which clearly set out that the intent to commit market abuse or financial crime is frequently hidden within the unstructured e-Communications data of a firm. Consequently, the FCA advises that detailed supervision of electronic communications data (for example as systematic and exception driven process) is considered to be best practice.
The new eflow-IP Sentineal partnership will aim to provide a ‘holistic and unified’ trade monitoring and market surveillance solution capable of analysing both structured trade data and unstructured electronic communications. This approach perfectly complements eflow’s existing regulatory compliance solutions. IP Sentinel’s e-Comms surveillance completes the post-trade regulatory compliance suite offered by eflow. With this partnership, firms will be able to access eflow’s Best Execution Monitoring, Transaction Cost Analysis, Best Execution Reporting and Trade Surveillance along with a range of e-Comms surveillance functionality.
By combining the transaction monitoring and data processing capabilities of TZ and the AI, natural language processing and sentiment analysis functionality of the Fingerprint Platform, eflow says it has created a best of breed, end-to-end surveillance solution capable of detecting any form of abusive or suspicious behaviour.
eflow’s regulatory compliance solutions allow firms to monitor a wide range of data types for potentially abusive trading, but this partnership with IP Sentinel will provide the missing piece of the puzzle in terms of creating a totally unified surveillance platform. The inclusion of IP Sentinel’s nuanced e-Comms monitoring in eflow’s regulatory compliance suite will provide a complete surveillance solution.
By providing a unified, affordable and scalable solution that can monitor and analyse every stage of the trade lifecycle – from initial voice, email, Bloomberg, Teams, messenger or WhatsApp chat through the order and execution process, and onto to settlement – this new partnership will maximise the ability of firms to detect rank and action abusive behaviour in all its forms.
eflow and IP Sentinel believe that a unified trade surveillance system is not just for tier 1 firms. Consequently, this solution is placed at a price point that makes it attractive to the whole market.
Ben Parker, CEO of eflow, says: “The current and long term working-from-home environment has highlighted more than ever the need to have consolidated systems to satisfy regulatory compliance requirements as compliance teams adjust to new ways of working. By joining the services of two market leaders with a common approach to service delivery the partnership will offer a scalable solution for firms irrespective of size or resources.”
Commercial Director of IP Sentinel Sean Morgan says: “We are delighted to be supplying the eComms component for eFlows extensive regulatory compliance suite. Clients electronic communication will be analysed systematically for its meaning and intent and made instantly available for use within eflow’s RegTech solutions for trade reconstruction, trade and communications surveillance, best execution and analytics.”