A-Team Insight Blogs

Shield Expands Surveillance Platform with Advanced Workflow Functionality

Share article

Israeli RegTech provider Shield has launched a new Advanced Workflow function as part of its wider eComms Surveillance platform, with the goal of helping financial firms to build their own workflows and business processes within the application, ensuring compliance investigations meet the requirements of the business, and enabling different teams to be managed from one central platform.

The system uses a ‘drag and drop’ approach to build, amend, and update workflows, with alerts generated if any potentially suspicious behaviour is detected. The tool then maps the steps following an alert, for example by passing the details to a compliance officer to make a decision as to whether further investigation is needed. A visual map of the process is created, as with the main Shield platform, which can be configured to any size of business.

“eComms surveillance is vital for all modern financial firms, ensuring regulatory compliance and excellent service for clients, but equally this function needs to be well integrated with the operations of the business,” explains Nicole Aviv, Shield Head of Product. “[Our] new Advanced Workflow function ensures alerts and rules are tailored to the internal structure of the firm, providing support to operations rather than creating an additional task for compliance teams.”

It’s the latest development from the RegTech provider since it opened its London office back in September 2019, in response to growing demand for its cross-regulation compliance platform. The firm also has an R&D centre headquartered in Tel Aviv and an office in Copenhagen.

Related content

WEBINAR

Recorded Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners

Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out & better differentiate their firms, to showcase their technological onboarding & management prowess,...

BLOG

How Financial Markets are Maintaining Resilience During COVID-19

By David Brown, Chief Operating Officer, IPC. We are indeed living through unprecedented times, with the COVID-19 virus impacting all major trading locations around the globe simultaneously. Traders at financial institutions may already be working at home in self-isolation, or else unable to work as they are ill. Others, able to travel and classified as...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...