Financial Call Recording

The FSA have now formally announced that mobile phone conversations must be recorded in those situations where the content of the call deals with the receipt of client orders or the negotiation, agreement and arrangement of transactions across the markets dealing in equities, bonds, financial commodities and derivatives. View FSA Consultation Feedback & Final Rules > Available technology solutions Business Systems provide the leading compliant mobile call recording solution which can be deployed as either a hosted solution or onsite...

... to meet FSA mobile taping regulations. ISLEWORTH, LONDON UK – 30 March, 2010 - Financial institutions don’t need to invest in new call recording systems to comply with any future FSA mobile taping regulations according to independent City call recording specialists, Business Systems (UK) Ltd. Following the FSA’s recent decision to review the exemption on recording staff mobile phones, a number of technology providers have come forward with secure, tamper-proof mobile recording technology designed to meet future compliance requirements....

Boston-based Eze Castle Integration, a leading provider of technology and IT services to hedge funds and investment firms, today announced a partnership with Business Systems, the United Kingdom’s largest and most established independent call recording specialist. Business Systems will support Eze Castle’s London-based clients call recording and archiving solutions to help them achieve total compliance with the Financial Services Authority’s March 2008 CP07/9 ruling that mandates investment firms to record conversations and maintain electronic records. The combination of Eze Castle’s...

Update August 2016 – We’ve recently put together an updated article on PCI DSS Compliance. Check out our latest articles on this topic – The Insiders’ Guide to Contact Centre PCI Compliance. Can we ever really believe our personal banking information is safe? The government can’t seem to manage it nor the private sector as Nationwide proved with their £1m FSA fine for security lapses. So where does this leave us? Visa and Mastercard have implemented their own measures to...

Business Systems’ hosting company OPEX has recently invested in technology from Compliant Phones which records both speech and SMS texts from mobile phones. The new technology forms an essential part of the company’s strategy of providing a tamper-proof solution for those organisations where compliance with FSA or best practice regulations are needed. The roll out of these applications is being fuelled by the growing need for organisations to record mobile phones as well as landlines. The drive is coming from...

The latest FSA ruling in relation to recording telephone calls for the UK financial markets hit the news in March. The updated statement outlined that brokers trading in stocks, shares, bonds and derivatives will be required to record telephone conversations and other electronic communications which relate to client orders and the conclusion of transactions to help deter market abuse. Highlights from the report are;- a deadline for compliance has been set for March 2009, the call retention period which some...

The ‘Markets in Financial Instruments Directive’ (MiFID) comes into force in November 2007. Those companies that are looking to comply with this directive will need to demonstrate that they have applied best efforts to give their clients suitable and appropriate advice. This will need to be evident with processes that show best execution, transaction reporting and record keeping. With the emphasis squarely on market transparency, firms will need to hold auditable transaction data and make provisions for regulatory reporting in...

VocalMobile Total Plan:- This service enables the recording of both incoming and outgoing calls to a mobile telephone. The VocalMobile Total Plan is ideal for organisations that need to comply with FSA or other regulatory bodies because it ensures the capture of all calls and becomes an invaluable audit tool. Business Systems handles the entire implementation of this service. VocalMobile Total Plan works with industry standard symbian compliant mobile phones; most new mobiles are symbian compliant but if yours aren't,...

Enhancements in Call Recording and Screen Capture technology provide a slicker and safer operating environment in the value-added world of Private Clients. Recording the telephone calls of Private Clients when advice is given is a well-established practice but in reality this is metaphorically only a half-way-house. The information on the banker's computer screen is important when giving best advice but if this is not recorded then a significant element of the decision-making criteria has been lost. By contrast recording the...