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June 14, 2017

BlackBerry, VoxSmart collaborate to enable financial firms comply with MiFID II

By Krishna Chaitanya

BlackBerry, a mobile-native security software and services company, and VoxSmart, a mobile surveillance and compliance firm, have teamed up enable financial services companies comply with the European Union’s Markets in Financial Instruments Directive (MiFID II), which comes into effect on 3 January 2018.

VoxSmart’s technology VSmart together with BlackBerry UEM (Unified Endpoint Management), which connects and manages endpoints, will enable financial institutions to capture, record, store and analyze mobile voice, text and third-party instant messaging applications.

MiFID II requires all European financial services companies to maintain records of all services, activities and transactions for at least five years. Records include all electronic and instant messaging communications, telephone conversations and text messages related to or intended to conclude in a transaction, even if one does not occur.

BlackBerry SVP of EMEA sales Florian Bienvenu said: “Together with VoxSmart, we can enable businesses around the world to effortlessly capture conversations on endpoints including smartphones, wearables, tablets, and laptops.

“This joint solution is an excellent example of how BlackBerry is leveraging its software portfolio and developing strong partnerships to secure the Enterprise of Things.”

VoxSmart CEO Oliver Blower said: “VoxSmart is the only global mobile compliance solution that can capture, record, store and analyze both voice and third party instant message applications such as WhatsApp and WeChat. Our partnership with BlackBerry has already led to additional proofs of concept exercises from other global investment banks and financial services firms, who are seeing the MiFID II Directive as a chance to refine their approach to mobile security and compliance.”

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