1GLOBAL and Verint team up: A game-changing move for global financial compliance

1GLOBAL, a premier mobile virtual network operator (MVNO), has announced a strategic partnership with Verint, a leader in compliance technology, aimed at transforming compliance across the financial services and trading sectors. This collaboration introduces upgraded mobile compliance recording solutions, enhancing the capabilities of financial institutions worldwide.

The partnership will empower 1GLOBAL to offer its clients globally trusted cloud-based recording solutions backed by Verint Financial Compliance. This advanced toolset is designed to meet the rigorous demands of compliance and trade surveillance regulations, such as MiFID II, Dodd-Frank, and MAR / MAD II. The integration of these solutions helps financial institutions avoid hefty fines and penalties by ensuring adherence to compliance protocols.

Siobhan Thompson, Head of 1GLOBAL Compliance, emphasized the strategic importance of this alliance: “Partnering with Verint enables us to offer our customers access to the most innovative cloud-based recording solutions on the market. Compliance in the cloud is key to 1GLOBAL’s strategy.”

The new solutions will notably increase productivity for compliance professionals through features like voice transcription, keyword searching, alerting, and meeting summaries. Additionally, the technology provides streamlined conversation retrieval, automated rules, and extensive external storage integration under a single contract, thereby reducing administrative costs.

John Bourne, Senior Vice President of Global Channels & Alliances at Verint, highlighted the technical synergy of the partnership: “Combining the 1GLOBAL mobile voice and SMS capture capability with the core Verint solution is a critical part of the joint strategy to align all communications into a user-centric view.”

This strategic move is set to accelerate compliance audits and offer complete records of trade-related interactions to regulatory agencies in a timely fashion, thus enhancing data completeness and the ability to proactively identify compliance anomalies.