Less than a third of companies consistently meet compliance standards

Less than a third of companies consistently meet compliance standards

New research shows that only 29 percent of all organizations say their compliance programs consistently meet internal and external standards. The report from Swimlane reveals that fragmented workflows, manual evidence gathering and poor collaboration between security and governance, risk and compliance (GRC) teams are leaving organizations vulnerable to audit failures, regulatory penalties and security gaps. "The burden of compliance weighs heav…

The Compliance Crisis Putting Billions at Risk for Organizations

Monitoring employee communications can feel like a losing battle. Why? Compliance teams at financial services firms (FSF) cannot keep up with instant messaging apps, such as WhatsApp, iMessage, and Slack, which are taking center stage. This leaves them incapable of overseeing all company communications. The spike in use of these platforms is a substantial challenge for compliance teams – leaving significant gaps in their record-keeping. Unfortun…

Upcoming Webinar: Managing Off-Channel Communications Compliance

The proliferation of unmonitored communication channels—ranging from personal messaging apps to embedded chat functions in trading platforms—has introduced significant compliance challenges for capital markets firms. Regulatory bodies including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)  have intensified their scrutiny, emphasizing the necessity for firms to maintain comprehensive records