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Bloomberg announced a strategic investment in London-based Insightful Technology

By Joy Dumasia

Today

  • Bloomberg
  • Bloomberg Compliance Solutions
  • Compliance

Bloomberg announced a strategic investment and a commercial collaboration with London-based Insightful Technology, the owners and operators of the Soteria Integrated Compliance Solution. The partnership enables integration between Soteria and Bloomberg Compliance Solutions, including the leading compliance system Bloomberg Vault among other real-time Bloomberg surveillance systems and preventive controls.

The integration further extends Bloomberg Vault’s compliance and surveillance offerings by providing access to over 120 unique content sources, including over 80 chat, voice, web conferencing, and secure mobile communication channels, along with dozens of file, trade, and structured data protocols. This complementary integration will also offer additional AI-based voice surveillance, trade reconstruction, case management, and behavioral analytics capabilities by utilizing Insightful’s advanced data models, risk profiles, and voice transcription and translation capabilities of over 70 languages ​​and dialects.

In today’s challenging and dynamic regulatory environment, firms must have an accessible, integrated, and powerful compliance solution to manage the explosion in data complexity and channel proliferation that years of remote work, mobile adoption, and global disruption have introduced. Bloomberg Compliance Solutions is focused on providing comprehensive, cutting-edge products that help clients meet these challenges head-on.

“The focus of the Bloomberg Compliance Solutions team remains on innovation and growth of our offerings, and Soteria is a natural complement to Bloomberg Vault for archival e-communications and the real-time Bloomberg Surveillance offering,” he said Nader Shwayhat, Global Head, Compliance, Voice, and Directory Solutions at Bloomberg. “We are excited to bring to our clients the advanced, combined capabilities our integration now offers and look forward to pushing the boundaries of what our firms can accomplish together.”

Insightful’s Soteria Integrated Compliance Solution is an advanced data management system with a revolutionary and flexible data model that is able to capture, normalize, aggregate, and analyze any chat, voice, video, and trade data sets from direct files or APIs. The combination of advanced data models integrated into fully customizable workflows and case management provides a significant step in efficiency and risk management. Insightful will support a dedicated Soteria service for Bloomberg clients within its data centers, which will integrate directly into Vault for a seamless user experience.

“We believe that the integration of Soteria and Bloomberg Vault provides the industry a comprehensive and seamless compliance solution for clients seeking capture, modeling, surveillance, trade reconstruction, case management and analytics support, and we are excited for Bloomberg’s collaboration with Insightful Technology to bring our combined, advanced offering to life, the joint vision and roadmap planned will deliver and protect our mutual clients,” said Robert Houghton, Founder and Chief Technology Officer of Insightful Technology.

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