This summary will provide a brief overview of DSS Corporation’s new Equature Universal Compliance solution – what it is, what it does, and how it fills the regulated financial sector’s specific communications compliance needs.
Background
Companies in the regulated financial services industry have traditionally purchased separate products to archive voice, email and chat communications for the required retention periods. While this has often provided a workable solution, the costs of purchasing, maintaining, and training personnel on these disparate systems have been considerable, resulting in a less than acceptable ROI.
DSS Corporation’s new Equature product was specifically designed to provide a complete, automated compliance solution for all regulated voice, email and chat communications for the financial sector. We call Equature a Universal Compliance solution not only because it archives all these communication types, but also because it was designed to perform common compliance tasks for you – something the existing products simply didn’t attempt to do.
Equature was designed with three major goals in mind:
- Provide a single solution for archiving and producing all regulated communications while lowering compliance costs and providing a better ROI.
- Allow separate licensing of the voice, email and chat modules to provide a migration path from earlier products, and at a lower cost.
- Automate as many of the processes as possible that are required by a good compliance program to further reduce the cost of maintaining compliance.
Being an officer of a financial corporation is like playing Monopoly – and recent news of peers drawing the “Go to jail” card is not comforting. You want to pass Go, you want to collect $200 – and you don’t want to draw that card! DSS designed Equature to help you get past Go, and collect that $200 for your company. Let’s take a quick look at how Equature does this differently from traditional products.