Shield FC partners with niiio Finance Group 04 February 2019Berlin Reporter: Jenna Lomax
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Shield Financial Compliance, a provider of cloud-based compliance-as-a-service solutions that deliver financial and communications data management, has partnered with Germany based firm, niiio Finance Group AG.
The partnership offers clients Shield FC’s artificial intelligence-powered compliance platform as an addition to niiio’s partner and marketplace service portfolio.
The Shield FC solution can capture, archive and investigate interactions across all electronic communications (eComms) channels from a single platform.
According to Shield FC, its platform ensures compliance officers can manage and comply with specific German market regulations, as well as international ruling.
The platform can be used to help comply with the second Markets In Financial Instruments Directive, The General Data Protection Regulation and Dodd-Frank.
Eran Noam, vice president of global sales and business development, commented, “We are delighted to partner with niiio. Germany is one of our core growth markets for the coming years, and niiio's marketplace strategy is the ideal addition to our expansion plans across the country.”
He added: “The German financial market is heavily regulated, which makes it perfect to fully utilise the Shield FC cross-regulation platform’s ability to employ powerful machine learning capabilities. These drive down false positives and improve the compliance investigation process, saving resources and ensuring full peace of mind that all regulations are being met.”
Johann Horch, CEO of niiio finance group AG, said: “With its fully-integrated financial and communications data management solution, Shield FC ideally complements our ecosystem partner and marketplace service portfolio.”
He added: “The regulators are increasingly demanding that financial institutions and intermediaries record, secure and archive all customer interactions. Shield FC provides unrivalled expertise in achieving this goal and offering customers the full assurance they are and continue to be fully compliant.”
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