Mimecast addresses supervisory compliance requirements

In News

Leading security and compliance company, Mimecast today announced the availability of Mimecast Supervision, helping financial services organizations address supervisory compliance requirements, such as SEC, FINRA, FCA and other regulatory constraints. As part of the Mimecast Cloud Archive, Mimecast Supervision includes intelligent selection, allowing organizations to focus on specific messages that warrant review and avoid false positives. An optimized workflow makes the review process quick and easy.

Shane Harris

Regulated financial services firms are required to establish supervisory policies and they may also face periodic regulatory audits. At the same time, firms are spending far too much time and money maintaining compliance. In fact, a recent survey by Duff & Phelps revealed that financial services executives said they already expect to spend more than 5% of revenue on compliance by 2023. To help organizations address these concerns, Mimecast Supervision now offers a new level of efficiency to the compliance review process for financial services organizations.

“Most regulated financial services firms are required to establish supervisory policies,” said Shane Harris, senior director of product management at Mimecast. “Mimecast is committed to providing best-in-class compliance solutions. With Mimecast Supervision, we are helping our customers meet and exceed their supervision goals across FINRA, SEC, FCA and more with visibility and control over organizational data.”

Mimecast Cloud Archive and Supervision is now listed on the FINRA Compliance Vendor Directory, joining a small list of approved solutions recognized by a key financial services regulatory agency. Additionally, Supervision can be coupled with Mimecast Compliance Protect, which helps firms meet SEC retention requirements. Compliance Protect’s suitability for use as part of an SEC 17a-4 compliant program has been certified by the third-party firm, Compliance Solutions Strategies, which recently validated Compliance Protect through a Regulatory Retention Compliance Assessment.

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