MiFID II Compliant Video and Recording solution
Video meeting solution with integrated recording, playback and content management.
The Financial Services industry in Europe is facing the biggest shake-up of regulatory legislation for over a decade. The new MiFID II that will be effective by January 2018 will imply new far-reaching rules on Financial Institutions and Financial Advisory firms. The new rules are put in place to prevent market abuse, strengthen investor protection, increase transparency and re-establish trust from the consumers.
The regulation states recordings shall be made of all electronic communications relating to transactions or communications intended to result in transactions between the Financial Advisory firm and the consumer.
“…firms will be obliged to record all communications that are intended to result in a transaction”
As electronic communications such as telephone, video meetings and virtual bank meetings becoming the norm — these meetings must also be recorded and stored in a safe, secure and searchable way.
VCEverywhere now offers an off-the-shelve solution for the Financial Industry to be compliant with the new MiFID II regulations.
With this solution you have a world class video meeting platform integrated with automated functionality to record, manage and playback your video meetings between Fincanial Advisors and consumers. VCEverywhere’s MiFID II video solution:
- Automatically generated a unique virtual meeting room (VMR) for each
- Automated recording from video calls including phone
- Recording generates a unique ID, time and date information with meeting
- Role based platform secures access and management of all recorded
- Searchable and accessible metadata and video content according to MiFID
- Possible to deploy cloud or on-prem.
- White label and branding
With VCEverywhere video and recording platform you can carry out video meetings, record, manage and playback; with interoperability between different video systems such as Skype for Business, Cisco, Polycom and WebRTC. This is a perfect platform for seamless online video meeting between a financial advisor and a consumer.