Bonova Advisory expands E-communication Surveillance and Compliance solutions

Bonova Advisory expands E-communication Surveillance and Compliance solutions
Bonova Advisory, a Risk and Regulatory Consulting firm, has launched Bonova E-communication Compliance (BEC) solution powered by Global Relay.

New York – Bonova Advisory, a Risk and Regulatory consulting firm, has launched a compliance solution for e-communications survelliance “Bonova E-communication Compliance (BEC)”.

This unified communication solution enables organizations to communicate across text messaging, email, instant messaging, social media and other electronic applications in full compliance with regulatory standards.

Delivered in partnership with Global Relay – a leading provider of cloud-based archiving, supervision and analytics solutions for regulated industries – Bonova E-communication Compliance offers a full suite of Surveillance. Compliance is achieved across more than 100 data types, including Bloomberg and Thomson Reuters, to monitor and alert for issues related to market abuse, fraud, or other forms of misconduct. It also provides trade reconstruction capabilities which ensures firms maintain complete visibility into their trade and communication activities while meeting their regulatory mandates.

Breana Patel, CEO at Bonova Advisory, said: Regulatory requirements are becoming more stringent, and most compliance solutions currently at major firms were designed a decade ago. Additionally, markets have changed, especially post- pandemic, and we see more market abuse cases, increasing conduct risk, and insider trading. Our solution can be applied to not only financial services but also other regulated industries such as healthcare, pharma and public sector.” BEC equips compliance teams with a single point for all messaging sources, making it a cost-saving and efficient tool to help clients proactively identify potential issues and quickly remediate”.

Ed Kennedy, Partner Program Manager at Global Relay, said: “As firms start to work in new ways and embrace new digital platforms, preservation of that data remains critical. With this solution, Bonova Advisory can help its clients connect and consolidate their critical enterprise data so that all interactions are captured, archived and auditable to ensure complete compliance.”

“The solution provides a turn-key supervisory system with advanced monitoring, filtering, audit, and e-Discovery that enable organizations to implement policies and procedures and bolster regulatory compliance across multiple data sources. In addition, this flexible, easy-to-use, multi-tier supervisory system can mirror the reporting structure of any firm, regardless of size and complexity. You can find more information on Bonova Advisory’s compliance services: here

About Bonova Advisory

Bonova Advisory provides forward-looking Risk and Regulatory expertise to financial markets and other regulated industries. From compliance concerns to digitizing operations to prepping for regulatory exams, Bonova Advisory enables clients to master challenges in evolving markets. Core capabilities span across Fighting Financial Crimes (AML) , Conduct Risk,  Insider Trading, Operational & Reputation Risk, and Regulatory Transformations. For more information, please visit www.bonova.net 

About Global Relay

Global Relay is the leading provider of fully compliant, cloud-based message archiving, supervision, and eDiscovery solutions for the global financial sector and other highly regulated industries. The privately-owned company delivers services to over 20,000 customers in 90 countries, including 22 of the top 25 banks. Global Relay Archive ensures support for email, instant messaging, Bloomberg®, Refinitiv, social media, mobile messaging, and more for users of mobile, Microsoft Outlook® and web-based platforms. For more information, please visit www.globalrelay.net

Contacts:

Mary Scott
Bonova Advisory
Marketing and Communications
Mary@bonova.net
Phone: 888.488.0076

Andrew Dallin
Global Relay
Marketing Lead, North America
Andrew.Dallin@globalrelay.net
Phone: 866.484.6630

Media Contact
Company Name: Bonova Advisory
Contact Person: Mary Scott
Email: Send Email
Phone: 888 488 0076
Address:576 5th Avenue, suite 903
City: New York
State: NY 10036
Country: United States
Website: www.bonova.net