In December 2016, the Financial Industry Regulatory Authority (FINRA) issued over $14 million in fines for violations. A large portion of those were for inadequate supervision and record-keeping. The Securities and Exchange Commission (SEC) rules 17a-3 and 17a-4 set out extensive requirements on how regulated entities must act. One major part of these regulations is the archiving of communications. The regulations state that organizations must preserve originals of all communications received and copies of all communications sent relating to their business, for a period of not less than three years. FINRA has made it clear that instant messages are included in the list of communications.
ISI is pleased to be a sponsoring partner of the Cisco Geekfest 2017. This year’s event will be held from February 21-23 in Nashville, TN at the Country Music Hall of Fame and Museum. Cisco Geekfest features partners and professionals participating in the event, with the unique opportunity to better understand the driving force behind the evolving world of digital business.
Software-as-a-Service (SaaS) deployment is quickly becoming choice du jour for deployments and for good reasons. Beyond deployments, SaaS is an outstanding business model for its ability to transform capital expenditure into operational expenditure by requiring no upfront capital. New organizations that choose this deployment model over on-premises deployments generally see an improvement on return on investment (ROI) as they realize the associated cost-savings of added efficiency and cost-effectiveness. In actuality, a company receives all of the same features of an on-premises solution with NONE of the associated upkeep. In direct opposition to the traditional on-premises model, where a server has to be built, then applications are installed, configured, and maintained, SaaS has been disruptive and transformative to Unified Communications (UC), in a good way.
ISI is pleased to announce that we have been named a winner of the TMC and INTERNET TELEPHONY magazine 2017 INTERNET TELEPHONY Product of the Year Award for our integrated Unified Communications management solutions, Infortel® Select and UC Recording, that bring unity to all levels of corporate communication, including voice, video, Skype for Business® or Cisco Jabber® IM, and conferencing. By integrating collaboration reporting and recording, Microsoft Skype for Business and Cisco communication platforms transform into collaborative powerhouses capable of offering an unmatched potential for enhanced organization, productivity, and training, while satisfying many compliance mandates.
We have previously mentioned about the explosive growth of video and the video market, especially in Healthcare. Forecasters are also talking about the ways in which video will transform Banking and Financial Services in the near future. We have already seen the proliferation of web video due to conferencing applications such as Web Ex and Skype for Business. Now, analysts are predicting even more exciting applications for the Financial Services.